- Business
- Zhejiang Xinzhonggang Thermal Power Co., Ltd. (605162.SS) principally engages in combined heat and power generation in China, producing and selling steam products for industrial processes such as heating, drying and shaping in papermaking, printing and dyeing, pharmaceutical, chemical and food sectors; power products sold directly to State Grid Corporation of China; compressed air supplied to gas users; coal trading; renewable energy sources; and refuse-derived fuel (RDF) rods. The company, founded in 1997 and headquartered at 28 Luodong Road, Yanhu Street, Shengzhou, Zhejiang province (postal code 312400), primarily serves the domestic market with all sales concentrated in China and employs 386 staff. Recent developments include an equity buyback program announced on June 30, 2025, for CNY 80 million worth of shares; earnings results reported for the half-year ended June 30, 2025, with second-quarter 2025 earnings per share of CNY 0.11; and expansion of the scope for purchasing financial products with idle self-owned funds as of October 11, 2025.