Sichuan Guangan AAA Public (SHA:600979) expects this year's new profit attributable to shareholders to drop by 39.4 million yuan after the implementation of the new off-peak pricing policy in China's Sichuan Province, according to a Shanghai bourse filing on Monday.
The new policy's implementation started Aug. 1, the Chinese utility operation services provider said.
Under the new policy, electricity consumed during off-peak hours in the abundant water season will cost 0.175 yuan per kilowatt-hour. As for dry and normal water seasons, the electricity consumed during off-peak hours will amount to 0.2535 yuan per kWh.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.