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Sichuan Energy Investment Development Co., Ltd. Class H ( (HK:1713) ) has issued an announcement.
Sichuan Energy Investment Development Co., Ltd. announced adjustments to its income model due to a new policy by the Sichuan Provincial Development and Reform Commission. The policy reform shifts the company’s income from a buy-sell margin model to a transmission and distribution tariff model, impacting how the company negotiates electricity pricing and its revenue structure. This change has led to delays in finalizing agreements for rural power grid asset management and usage, as the company aligns with the new regulatory framework.
More about Sichuan Energy Investment Development Co., Ltd. Class H
Sichuan Energy Investment Development Co., Ltd. is a joint stock company incorporated in China, focusing on the energy sector. The company is involved in the management and maintenance of power grid assets, particularly in rural areas, and is adapting to new electricity pricing models.
YTD Price Performance: 2.40%
Average Trading Volume: 2,700
Technical Sentiment Signal: Strong Sell
Current Market Cap: €305.1M
For a thorough assessment of 1713 stock, go to TipRanks’ Stock Analysis page.