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Mindong Electric Clarifies: No Cooperation with Data Centers, Virtual Power Plant and Offshore Wind Projects Yield No Revenue Yet
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Mindong Electric Power (000993.SZ) announced on September 16 that its stock price surged over 20% in two consecutive trading days, triggering an abnormal fluctuation filing. The company addressed market speculation around hot concepts including 'virtual power plants,' 'computing-electricity synergy,' 'direct green electricity connection,' 'offshore wind power,' and 'smart grids.' Mindong clarified it is not currently engaged in computing-electricity synergy, direct green electricity connection, or smart grid businesses, and has no cooperation with computing power centers or data centers. The company's virtual power plant business remains in early cultivation, not yet commercially operational, generating no substantive revenue or profit, and is expected not to contribute benefits in fiscal year 2026. Additionally, all offshore wind power projects in which Mindong holds equity stakes are either unstarted or not yet operational, also generating no revenue and expected not to contribute benefits in fiscal year 2026. The company stated these factors will not materially impact its operating performance.
Source report
September 16 — Mindong Electric Power (000993.SZ) announced in a regulatory filing that the cumulative deviation of its stock closing price increase over two consecutive trading days exceeded 20%, constituting abnormal fluctuations in stock trading, according to a report by Cailian Press.
The company noted that recent market attention has been high on related hot concepts such as:
- Virtual power plants
- Computing-electricity synergy
- Direct green electricity connection
- Offshore wind power
- Smart grids
Upon verification, Mindong Electric Power stated that it is not currently engaged in computing-electricity synergy, direct green electricity connection, or smart grid businesses. The company also confirmed that it has no cooperation with computing power centers or data centers.
Regarding its virtual power plant business, the company clarified that it is currently in the early cultivation stage, has not yet achieved formal commercial operation, and generates no substantive revenue or profits. It is expected not to contribute benefits in fiscal year 2026 and will not have a material impact on the company's operating performance.
Additionally, all offshore wind power projects in which the company holds equity stakes are currently either unstarted or not yet operational, generating no revenue. These projects are also expected not to contribute benefits in fiscal year 2026 and will not have a material impact on the company's operating performance.
Source
财联社Eastern
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Mindong Electric Power denies key concept businesses after six-day stock surge triggers volatility