On October 8th, in the financial industry, Hangzhou Thermal Power announced that the fifth largest shareholder, Zhejiang Free Trade Zone Hangre No.1 Investment Partnership Enterprise (Limited Partnership), reduced its holdings of 1.2056 million shares of the company, accounting for 0.3% of the total share capital. After the change, it holds 3.6668 million shares, accounting for 0.92% of the total share capital.

In the past year, Zhejiang Free Trade Zone Hangre No.1 Investment Partnership Enterprise (Limited Partnership) has reduced its holdings of Hangzhou Thermal Power once, reducing a total of 1.2056 million shares.

According to the data, Hangzhou Thermal Power Group Co., Ltd. (hereinafter referred to as "Hangzhou Thermal Power"), formerly known as Hangzhou Thermal Power Plant, is one of the ten industrial park integrated heating enterprises invested and constructed in 1980 in China. It is the earliest regional cogeneration and centralized heating environmentally friendly and energy-saving enterprise built in Zhejiang Province. Since its establishment, Hangzhou Thermal Power has been focusing on expanding the production capacity of the thermal power industry and innovating energy-saving and environmental protection technologies. At the same time, it has fully utilized its strong advantages in thermal power professional technology and management talents, continuously expanding outward, exporting technical services and investing in new projects across regions, and extending the main industrial chain.

As of the close on October 8th, Hangzhou Thermal Power reported a market value of 9.69 billion yuan at 24.22 yuan, with a current rolling price to earnings ratio (PETTM) of 43.84 times, significantly exceeding the average level of the public utility industry.

This article originates from the financial industry