Guangdong Baolihua New Energy Stock Co LTD

Baoxin Energy released its 2026 interim report, with net profit attributable to the parent company of 633 million yuan. The company's total operating revenue was 4.173 billion yuan, down 4.23% from the same period last year. Net cash inflow from operating activities was 1.534 billion yuan. The latest asset-liability ratio was 41.98%, gross margin was 21.20%, ROE was 4.87%, and diluted earnings per share was 0.29 yuan.

The A-share electricity sector gained renewed momentum in the afternoon. Jingneng Power surged straight to its daily limit, Guiguan Power already sealed its limit-up, and Leshan Electric Power, Huaguang Energy, Baoxin Energy, and Datang Power all followed higher. On the news front, the maximum electricity load across the entire Liaoning power grid reached 44.1 million kilowatts, setting a new all-time high. This follows repeated record-breaking peak loads in Jiangsu, Zhejiang, Guangdong, and other regions, with the national peak load hitting 1.551 billion kilowatts. The National Development and Reform Commission expects the national maximum electricity load this summer to reach 1.6 billion kilowatts, an increase of 90 million kilowatts year-on-year, as power supply assurance enters a critical phase for the summer peak. The International Energy Agency noted in a report that despite the Middle East conflict disrupting global gas markets, global electricity demand will maintain relatively fast growth this year and next. Analysts believe that repeated record-high power loads reinforce expectations of earnings recovery in the electricity sector. Thermal power leaders are trading at near three-year valuation lows, offering potential for valuation repair, while improved water flows enhance the defensive allocation value of hydropower.

The A-share power sector triggered a wave of daily limit up moves. On July 20, the power sector rose 4.8 percent overall, with about 17 stocks including Huaneng Mengdian, Huayin Electric Power, Jinkai New Energy, and Jiantou Energy hitting their daily limit up. The rally is linked to surging electricity loads during the summer peak season and an explosion in computing power demand. After the national electricity load reached 1.518 billion kilowatts on July 10, it climbed to 1.551 billion kilowatts on July 14, with 16 provincial-level grids refreshing their peak a cumulative 59 times. In the first half of the year, total electricity consumption reached 5.1 trillion kilowatt-hours, up 5.3 percent year-on-year, with charging and battery swap services surging 56.9 percent and internet data services up 44 percent. The China Electricity Council expects that during the 15th Five-Year Plan period, annual incremental electricity consumption from computing power will exceed 100 billion kilowatt-hours, and by 2030 total computing power electricity consumption could reach 800 billion kilowatt-hours, accounting for about 6 percent of total societal electricity use.