Ningbo Thermal Power Co Ltd

Ningbo Energy's wholly owned subsidiary Langchen New Energy will jointly invest 386 million yuan with Ningneng Investment to acquire all equity in Yuexi Wind Power held by Huichen Fund. According to an announcement on the evening of September 28, Langchen New Energy will contribute 197 million yuan for a 51 percent stake, and Ningneng Investment will contribute 189 million yuan for a 49 percent stake. At the same time, Ningbo Energy will inject an additional 79 million yuan into Langchen New Energy, raising its registered capital to 401 million yuan after the capital increase. Once the transaction is completed, Yuexi Wind Power will become a wholly owned subsidiary of Ningbo Energy and be included in its consolidated financial statements, which will help increase the company's new energy installed capacity and enhance its competitiveness. This transaction is a related-party transaction and still needs to be submitted to the company's shareholders' meeting for approval before it can be implemented. After the market opened on September 29, Ningbo Energy's share price surged to the daily limit, last trading at 5.49 yuan per share, up 10.02 percent.

Ningbo Energy released its 2026 interim report. Total operating revenue was 2.085 billion yuan, up 11.27% year on year. Net profit attributable to the parent company was 159 million yuan, up 12.87% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 304 million yuan, up 25.07% year on year. The asset-liability ratio fell to 63.17%, and the gross margin was 21.09%, achieving four consecutive years of improvement. Diluted earnings per share were 0.13 yuan, up 6.73% year on year.