Shaanxi Hydropower's IPO on the Shanghai Stock Exchange main board has been "terminated".

On September 5th, Shaanxi Water and Hydropower Development Group Co., Ltd. (referred to as Shaanxi Hydropower) had its IPO review status on the Shanghai Stock Exchange main board changed to "terminated." This was due to Shaanxi Hydropower and the sponsor withdrawing their application for listing, leading to the Shanghai Stock Exchange deciding to terminate the IPO review according to relevant rules. The prospectus shows that the company is a clean energy enterprise focused on the integrated development of "wind, light, and water storage," and is designated as a "top 200 enterprise" by the State-owned Assets Supervision and Administration Commission of the State Council. The company's main business activities include investment, development, and operation of green clean energy generation projects such as photovoltaic, wind, and hydropower generation. While continuously expanding its clean energy generation business, the company will actively engage in pumped storage, 330kV collecting stations, and other operations, adhering to a strategy of synergistic digitalization and greening, with a goal of becoming a leading clean energy investment and operation company in China. The company's main product is electricity. During the reporting period, the company's main operating income came from electricity sales generated by photovoltaic, wind, and hydropower generation. Financially, in 2022, 2023, and 2024, Shaanxi Hydropower achieved operating revenues of approximately 1.06 billion yuan, 1.082 billion yuan, and 1.03 billion yuan respectively. During the same period, net profits were approximately 371 million yuan, 295 million yuan, and 197 million yuan respectively.