Inner Mongolia Electric Power reports Q3 growth, major acquisition, director communication issue

Inner Mongolia Electric Power reported a 3.34% increase in operating revenue to 7.94 bn yuan for the third quarter of 2025. Net profit attributable to shareholders decreased by 8.52% to 1.33 bn yuan, though year-to-date net profit through Q3 2025 rose by 6.40% to 4.12 bn yuan. Total assets grew by 9.30% to 56.43 bn yuan, while owners' equity attributable to shareholders increased by 7.61% to 37.24 bn yuan.

In a related development, the company is proceeding with a major asset restructuring, acquiring 100% equity of Inner Mongolia Baiyinhua Coal and Power Co., Ltd. from State Power Investment Corporation. This transaction, involving both share issuance and cash payment, is expected to constitute a significant related party transaction and major asset reorganization.

Separately, the company issued an announcement regarding independent director Mr. Han Fang, with whom communication has been lost via phone and WeChat. Despite this, the board has confirmed that Mr. Han's unavailability will not affect the board's minimum quorum or the company's daily operations. The board convened with 10 of 11 directors, unanimously approving the Q3 2025 report.