Guiguan Electric Power (600236.SH) has increased ahead of schedule. The net profit for the first three quarters is expected to be about 21.14-214 billion yuan, an increase of about 85.94%-94.73% year-on-year

According to Zhitong Finance App News, Guiguan Electric Power (600236.SH) announced that the company expects to achieve net profit attributable to shareholders of listed companies in the first three quarters of 2024 of about 21.14 to 2.214 billion yuan. Compared with the same period last year (statutory disclosure data), it will increase by about 977-1,077 million yuan, an increase of about 85.94% to 94.73% over the previous year.

Net profit attributable to shareholders of listed companies in the first three quarters of 2024 increased compared to the same period last year, mainly affected by incoming water volume. The company's power generation increased year-on-year in the first three quarters of 2024. In the Hongshui River basin where the company's backbone power plant is located, incoming water increased year-on-year, and power generation increased year-on-year. The company's hydropower plants in Guizhou, Sichuan, and Yunnan also saw a year-on-year increase in incoming water from the region, and power generation capacity increased accordingly.