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China Southern Power Grid Energy Storage to Increase Three Subsidiaries' Capital by 3.64 Billion Yuan
China Southern Power Grid Energy Storage (600995.SH): Plans to increase capital for three subsidiaries, including Qinzhou Energy Storage Power Generation Co., Ltd.
On March 14, Glodon announced that China Southern Power Grid Energy Storage (600995.SH) has approved at its 2024 Shareholder meeting the proposals for the investment and construction of the Guangxi Qinzhou pumped storage power station project, the Guangxi Guanyang pumped storage power station project, and the Guangxi Yulin pumped storage power station project. To meet the capital needs for the construction of the three pumped storage power stations, the company decided to increase its investment in Qinzhou Company, Guilin Company, and Yulin Company, following the review and approval at the general manager's office meeting on March 13, 2025. The total proposed investment amount is 3,643.49 million yuan.
China Southern Power Grid Energy Storage (SHSE:600995) Has A Somewhat Strained Balance Sheet
China Southern Power Grid Energy Storage's Profit Rises 11%, Operating Income Up 10% in 2024
China Southern Power Grid Energy Storage Co., Ltd. 2024 Annual Performance Report Announcement
China Southern Power Grid Energy Storage (600995.SH): The net profit attributable to shareholders for the year 2024 is 1.126 billion yuan, an increase of 11.14% year-on-year.
On March 7, Gelonghui reported that China Southern Power Grid Energy Storage (600995.SH) announced its performance quick report for the year 2024. In 2024, the company achieved revenue of 6.174 billion yuan, an increase of 9.67% year-on-year; the net income attributable to the shareholders of the listed company was 1.126 billion yuan, an increase of 11.14% year-on-year; the basic EPS was 0.35 yuan, an increase of 9.38% year-on-year, mainly due to an increase in inflow at peak-regulating hydropower plants and an increase in power generation year-on-year.
China Southern Power Grid Energy Storage (SHSE:600995) Could Be Struggling To Allocate Capital
