Power and Coal Stocks Announce Buybacks and Increased Holdings Before Market Open; Baijiu Sector Leads Gains with Kweichow Moutai Up Over 5%

Industry
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Summary · why it matters

In early trading on July 20, the three major A-share indices rose. The Shanghai Composite Index gained 1.18%, the Shenzhen Component Index rose 0.21%, and the ChiNext Index climbed 1.13%. Combined turnover on the two exchanges reached 1.67 trillion yuan, with over 2,900 stocks advancing. Sectors such as oil and gas, baijiu, and coal led the gains, while the power sector rebounded collectively. Jiawei New Energy, Huayin Electric Power, and Fuling Electric Power hit their daily limit up. Kweichow Moutai surged over 5% to 1,322.97 yuan. Before the market opened, multiple companies in the power and coal sectors announced plans to increase holdings or conduct buybacks. SDIC Power's controlling shareholder plans to increase its stake by 150 million yuan within six months. China Coal Energy's controlling shareholder plans to increase holdings by 50 million to 100 million yuan within 12 months. NARI Technology's chairman proposed a buyback of 500 million to 1 billion yuan. China Shenhua Energy announced a 2026 coal sales volume target of 618.1 million tonnes, a power generation target of 288.1 billion kilowatt-hours, and an operating revenue target of 360 billion yuan. Longyuan Power plans to distribute annual cash dividends of no less than 30% of net profit attributable to the parent company from 2025 to 2027. In addition, Aluminum Corporation of China's controlling shareholder plans to increase holdings by 1 billion to 2 billion yuan, and CRRC Corporation's controlling shareholder plans to increase holdings by 150 million to 300 million yuan. Both stocks rose over 6% in early trading.

Impact on stocks 12

Energy Transition & Power Demand▲ · 1 stocks
Others▲ · 11 stocks
China Shenhua Energy Co
601088
▲ PositiveCapitalrelevance

Announced 2026 coal sales volume target of 618.1 million tonnes, power generation target of 288.1 billion kWh, and operating revenue target of 360 billion yuan.

CRRC Corp Ltd Class A
601766
▲ PositiveCapitalrelevance

Controlling shareholder plans to increase holdings by 150 million to 300 million yuan.

China Coal Energy Co Ltd
601898
▲ PositiveCapitalrelevance

Controlling shareholder plans to increase holdings by 50 million to 100 million yuan within 12 months.

Shenzhen Jiawei Photovoltaic Lighting Co Ltd
300317
▲ PositiveCapitalrelevance

Jiawei New Energy hit daily limit up as part of the power sector rally, but the article mentions no company-specific catalyst; the buyback/holding increase news is for other firms.

China Coal Xinji Energy Co Ltd
601918
▲ PositiveCapitalrelevance

China Coal Energy's controlling shareholder plans to increase holdings by 50-100 million yuan, but China Coal Xinji Energy is a different subsidiary; the news is about the parent, not directly about this company.

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