Ganneng Co., Ltd.: Continued enhanced pressure on the downward trend of thermal power electricity prices

Ganneng Corporation Announcement: The company's stock price deviated by a cumulative total of 23.68% for three consecutive trading days from February 24th to February 26th, causing abnormal trading volatility. The operating conditions and internal and external operating environment disclosed by the company have not undergone significant changes, and internal production and business activities are proceeding normally. However, with the deepening construction of the new electric power system, the continuous trial operation of the Jiangxi power spot market, and the gradual commissioning of new thermal power units in Jiangxi Province, the operating hours of thermal power plants have decreased, and the downward pressure on the price of thermal power energy has continued to increase, posing challenges to the profitability of thermal power enterprises.