NingXia YinXing Energy reports strong Q3 profit growth, board reorganization

NingXia YinXing Energy (SZSE:000862) reported a 24.63% increase in net profit attributable to shareholders for the first three quarters of 2025, reaching 237,451,598.76 yuan. Total assets decreased by 4.65% to 8,870,080,966.84 yuan, while owner's equity rose 5.64% to 4,483,195,437.93 yuan. Operating revenue for the period grew by 4.85% to 975,227,662.54 yuan. The company's operating cash flow surged by 166.32% to 1,044,188,308.25 yuan, primarily driven by increased subsidy electricity bill receipts.

The board of directors approved key changes, including the re-registration of the Changshantou No. 1 Wind Farm (49.5MW) under Zhongning Wind Power Branch. The board also ratified amendments to several governance documents, such as the "Board Audit Committee Work Rules" and "Information Disclosure Management System," to enhance operational transparency.

Furthermore, the board's term is set to expire in November 2025. The company will elect nine new directors, including six non-independent and three independent directors, at an extraordinary shareholders' meeting on November 10, 2025.