Daheng Technology sells additional State Grid energy storage stocks, with the latter's stock price rising nearly 30% since the beginning of this year.

Source: Securities Times Network Author: Liu Canbang

On the evening of March 9, Daheng Technology (600288) announced that to optimize the company’s asset structure, improve asset liquidity and utilization efficiency, and meet future development funding needs, the company sold shares of Nanjing Power Storage (600995) through centralized bidding on the secondary market on March 9, 2026. A total of 8.668 million shares were sold, accounting for 0.2712% of its total share capital. The average transaction price was 16.1105 yuan per share, with total transaction amounting to 1.4 billion yuan (excluding transaction fees).

After this sale, Daheng Technology no longer holds shares of Nanjing Power Storage.

Daheng Technology stated that the company has no related-party relationships with Nanjing Power Storage or its actual controllers, and there are no other relationships in terms of property rights, business, assets, debts, personnel, etc. As of the date of this announcement, the shares held by the company in Nanjing Power Storage are not mortgaged, pledged, or subject to other third-party rights, nor are there any major disputes, lawsuits, or arbitration matters involved. There are no judicial measures such as sealing or freezing, nor other circumstances that hinder ownership transfer.

Regarding the impact of the above matter, Daheng Technology said that the sale of the shares of Nanjing Power Storage will help improve asset liquidity and utilization efficiency, optimize the company’s asset structure, and promote sustainable healthy development. There is no situation that damages the interests of the company or all shareholders, especially small and medium shareholders. Additionally, the company will account for the gains from this sale of stock assets in accordance with relevant regulations such as the “Enterprise Accounting Standards,” with the actual impact subject to the final audit data by the certified public accountant.

Daheng Technology previously disclosed an earnings forecast indicating that, based on preliminary calculations by the finance department, the net profit attributable to the parent company for 2025 is expected to be approximately 1.06 billion yuan, turning from loss to profit compared to the same period last year, with a non-recurring net profit of about 86.48 million yuan.

Daheng Technology stated that through proactive optimization of asset and personnel structures, and strategic adjustments such as shutting down, divesting, and transferring non-core and non-performing businesses, the company has achieved results. During the reporting period, the company further expanded the market, controlled costs and expenses, and in the second half of 2025, its overall profitability significantly improved, achieving a full-year turnaround from loss to profit.

Notably, regarding non-operating income and expenses, in 2025, Daheng Technology’s holding subsidiary Beijing Zhongke Dayang Technology Development Co., Ltd. held “Nanjing Power Storage” shares, and the fair value change of trading financial assets increased by 18.98 million yuan compared to the same period last year.

Looking at Nanjing Power Storage, the company’s main business includes pumped storage, new energy storage, peak regulation hydropower, and technical services, mainly serving five southern provinces (Guangdong, Guangxi, Yunnan, Guizhou, Hainan). As of the first half of 2025, the company’s total installed capacity in operation was 12.9642 million kW, including 10.28 million kW of pumped storage, 654,200 kW of new energy storage, and 2.03 million kW of peak regulation hydropower.

Nanjing Power Storage’s earnings forecast shows that the net profit attributable to the parent company for 2025 is expected to be between 1.667 billion and 1.727 billion yuan, an increase of 47.98% to 53.31% year-on-year. The company stated that in 2025, the inflow of water to peak regulation power stations was better, leading to increased power generation, and thus higher electricity sales revenue and profits.

Recently, the National Development and Reform Commission and the National Energy Administration issued the “Notice on Improving the Capacity Electricity Price Mechanism for Power Generation” (Fagai Jia Ge [2026] No. 114), which clarifies that independent new energy storage power stations on the grid side will be managed through a list system. Management requirements will be further specified by the National Energy Administration based on power supply and demand analysis and supply assurance measures, with specific project lists formulated by provincial energy authorities in conjunction with price authorities.

Nanjing Power Storage stated that overall, after the implementation of the above notice, the operation of pumped storage power stations will become more market-oriented; at the same time, the “Notice” proposes a capacity electricity price policy for independent new energy storage on the grid side at the national level, which is expected to promote the development of independent new energy storage on the grid side. The company will further optimize and improve its development strategies for pumped storage and new energy storage based on the new electricity price policy and the development of renewable energy, continuously enhancing its value creation ability under market-oriented conditions.

As of the close on March 9, it was noted that the stock price of Nanjing Power Storage has increased nearly 30% so far this year.