GD Power Development Co Ltd Financial Update

GD Power Development Co Ltd, a utility company listed on the Shanghai Stock Exchange, has experienced notable changes in its shareholder structure and financial performance in the first half of 2025. The company, which specializes in power generation and project development services, including wind, thermal, and hydropower, has seen its stock price close at 4.5 CNH on August 14, 2025. This is within the 52-week range of 6.02 CNH (high) and 4.07 CNH (low). The company’s market capitalization stands at 80,260,000,000 CNH, with a price-to-earnings ratio of 8.14.

Shareholder Changes

On August 18, 2025, GD Power Development Co Ltd announced changes in its top ten shareholders. China Chengtong Holding Group Co Ltd entered the list, holding 23.47 million shares, accounting for 1.32% of the circulating shares. Additionally, Hong Kong Central Clearing Ltd increased its holdings by 28.40%, reaching 46.87 million shares. Other significant shareholders include China Securities Finance Co Ltd and Central Huijin Asset Management Co Ltd, maintaining their positions with no change in holdings.

Financial Performance

The company’s half-yearly financial report, released on August 18, 2025, revealed a net profit of approximately 36.87 billion CNH, marking a 45.11% decrease compared to the previous year. The revenue for the first half of 2025 was about 776.55 billion CNH, a 9.52% decline year-over-year. The basic earnings per share were 0.207 CNH, down 45.09% from the previous year.

Operational Insights

The second quarter of 2025 saw the company’s revenue at 378.4 billion CNH, a 6.00% decrease year-over-year, with net profit at 18.8 billion CNH, down 62.00%. The net cash flow from operations was 259.77 billion CNH, up 18.9% from the previous year. Total assets as of the end of the second quarter were 5104.41 billion CNH, a 3.3% increase from the previous year-end, with net assets at 579.97 billion CNH, up 3.5%.

The company faced challenges in the electricity market, with a surplus supply leading to a decrease in sales prices. Despite these challenges, GD Power Development Co Ltd continued to expand its renewable energy capacity, adding 645.16 MW of controlled installations, primarily in solar and wind projects. The company is also focusing on upgrading coal-fired power plants to reduce carbon emissions, aligning with national green and low-carbon development strategies.

Overall, while the company navigates market pressures, it remains committed to optimizing resource allocation and advancing its transformation and upgrading efforts.