JinKong Power: The company's electricity revenue accounts for 86.31% of operating income.

On April 1, Jinzheng Electric Power (000767.SZ) issued a stock trading abnormal fluctuation announcement. The closing price percentage deviation cumulatively reached 20% over three consecutive trading days. Pursuant to relevant provisions of the Shenzhen Stock Exchange, this constitutes an occurrence of abnormal stock price fluctuations.

In response to the company’s abnormal stock price fluctuations, the board of directors conducted verification through methods including telephone and on-site inquiries, among others, with respect to the company’s controlling shareholder, actual controller, shareholders holding more than 5% of the shares, and all directors, supervisors, and senior management of the company regarding the relevant matters. Specifically, the information disclosed by the company in the prior period does not require correction or supplementation; in the recent period, the public media have not reported any undisclosed material information that is likely to or has already had a significant impact on the trading price of the company’s stock; at the same time, the company’s main business remains thermal power generation, and there have been no significant changes in the company’s operating conditions or the internal and external operating environment in the recent period. In addition, neither the company, the controlling shareholder, nor the actual controller has any major matters regarding the company that should be disclosed but have not been disclosed, or major matters that are in the planning stage; during the period of abnormal stock price fluctuations, the controlling shareholder and the actual controller did not engage in buying or selling shares of the company.

The company has pointed out multiple risks. First, based on a self-examination, the company does not have any violation of fair information disclosure. Second, the company has disclosed its 2025 annual performance forecast, and the company’s performance forecast does not involve any situation that requires revision. Investors are kindly requested to pay attention to the company’s subsequent disclosure of the 2025 annual report. Third, the company solemnly reminds investors that its main business is primarily thermal power generation. As of the first half of 2025, the portion of the company’s power revenue as a percentage of its operating revenue is 86.31%, and the portion of its heat revenue as a percentage of its operating revenue is 7.73%. Other business income accounts for a relatively low proportion. The company’s current operating policy and main business have not undergone significant changes, and it is expected that there will be no significant changes within the next 12 months. Finally, this company will strictly comply with the provisions and requirements of relevant laws and regulations, conscientiously fulfill its information disclosure obligations, and promptly do a good job in information disclosure.