Guangxi Guiguan Electric Power Co Ltd

The first batch of demonstration cases under the Shanghai Stock Exchange's Quality and Efficiency, Return Enhancement 2.0 special initiative has been released, with more than 10 Shanghai-listed companies setting quantitative targets around core indicators such as revenue, profit, R&D, output, buybacks, and dividends, and disclosing specific plans. These companies include CRRC, Guangxi Guiguan Electric Power, Ningbo Zhoushan Port, Eastroc Beverage, Jinshi Resources, Sepax Technologies, Anhui Heli, Haier Biomedical, Jiangsu Expressway, Laobaixing Pharmacy, and Jointown Pharmaceutical. Among them, Ningbo Zhoushan Port has set a 2026 cargo throughput target of 1.25 billion tonnes and a container throughput target of 57.65 million TEU, both up from 2025 levels. Sepax Technologies, using 2025 as the base year, has proposed a 25% revenue growth target and a 33% net profit growth target for 2026. Haier Biomedical aims to raise the share of overseas revenue from 36% in 2025 to above 50% within three years, and to lift the contribution of M&A revenue from 30% to above 40%. Raising dividend payout ratios, increasing dividend frequency, and implementing shareholding increases and buybacks have also become common choices for many companies. Jinshi Resources and Haier Biomedical, among others, have rolled out three-year shareholder return plans covering 2026 to 2028. Ningbo Zhoushan Port, Guangxi Guiguan Electric Power, and Eastroc Beverage have respectively proposed 2026 dividend payout ratios of no less than 65%, 70%, and 80%. Jiangsu Expressway has specified a change from one dividend per year to two dividends per year, and Anhui Heli plans to increase dividend frequency through measures such as interim dividends. In addition, several companies have set quantitative targets for increasing the frequency and forms of investor communication, and have formulated ESG-specific goals and implementation paths. Ningbo Zhoushan Port has also proposed governance-related targets such as independent directors spending no fewer than 15 days on-site in 2026.

GuiGuan Electric Power released its 2026 interim report, with net profit attributable to the parent reaching 1.759 billion yuan, an increase of 48.09% compared to the same period last year. The company's total operating revenue was 5.716 billion yuan, up 37.59% year-on-year. Net cash flow from operating activities was 3.803 billion yuan, up 30.81% year-on-year, achieving growth for three consecutive years. The latest gross margin was 56.13%, an increase of 6.71 percentage points year-on-year. Return on equity was 8.53%, up 2.62 percentage points year-on-year. Diluted earnings per share were 0.22 yuan, up 49.83% year-on-year.

Xingyun Technology disclosed its semi-annual report, with attributable net profit reaching 12.0154 million yuan in the first half of 2026, up 540.15 percent year-on-year. The company's computing power business developed rapidly, with 67 servers sold and revenue recognized, increasing gross profit for the period by approximately 65 million yuan, while e-commerce business revenue also grew significantly. In addition, the company has accepted delivery of 470 computing power servers from suppliers, with another 413 undergoing customer stress testing and acceptance. Recently, Xingyun Technology has secured large computing power orders in succession, including a supplementary agreement signed with a VB client that adjusted the total computing power service amount from 1.014 billion yuan to 3.053 billion yuan, and an agreement signed with a VC client with a total tax-inclusive amount of 5.508 billion yuan. On the same day, Yaxiang Integrated, Huashu High-Tech, and Guiguan Electric Power also released announcements of relatively fast mid-year earnings growth, with Yaxiang Integrated's attributable net profit up 204.8 percent year-on-year, Huashu High-Tech's attributable net profit up 87.09 percent year-on-year, and Guiguan Electric Power's attributable net profit up 48.09 percent year-on-year.

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.

On the morning of July 17, the three major A-share indexes fell collectively. The Shanghai Composite Index dropped 1.64 percent to 3,818.59 points, the Shenzhen Component Index fell 3.7 percent, the ChiNext Index declined 4.71 percent, and the STAR Composite Index tumbled over 5 percent. More than 4,300 stocks across the market declined. The power sector bucked the trend, with Huayin Electric hitting the daily limit up in a straight line, with over 660,000 lots locked in. Leshan Electric, Guiguan Electric, Shennan Electric A, Hangzhou Thermal Power, Lixin Energy, and Ganneng also hit their daily limit up. Jiawei New Energy surged nearly 16 percent. On the news front, many regions continue to experience high temperatures. Shanghai's power grid reached a record high in maximum electricity load, and several cities in Jiangsu also set new records. Data from the National Energy Administration showed that total electricity consumption in June was 898.1 billion kilowatt-hours, up 3.7 percent year-on-year. The technology sector slumped heavily, with CPO concept stocks plunging. Demingli hit the daily limit down for three consecutive days. Dongshan Precision, Yangtze Optical Fibre, and Accelink Technologies, each with a market value of over 100 billion yuan, also hit the daily limit down. Zhongji Innolight fell over 10 percent, and Tianfu Communication dropped over 11 percent. The pharmaceutical sector also tumbled, with CRO concept stocks Zhaoyan New Drug and Asymchem hitting the daily limit down, and WuXi AppTec falling over 6 percent.

Guiguan Electric Power announced that in the first half of 2026, the company's directly affiliated and controlled power plants generated a total of 23.951 billion kilowatt-hours, a year-on-year increase of 47.67%. Of this, hydropower contributed 21.327 billion kilowatt-hours, up 57.72%; thermal power contributed 450 million kilowatt-hours, down 49.44%; wind power contributed 1.295 billion kilowatt-hours, up 18.59%; and solar power contributed 879 million kilowatt-hours, up 22.94%. The growth in power generation was mainly due to abundant water inflows in the Hongshui River basin and increased installed capacity of new energy, while thermal power saw reduced generation space due to growing installed capacity in Guangxi and competition from new energy.