On December 11, Globenewsgroup reported that Chongqing Three Gorges Water Conservancy And Electric Power (600116.SH) announced that Chongqing Liangjiang Changxing Electrical Utilities Co., Ltd. (referred to as "Changxing Electrical Utilities") is a wholly-owned subsidiary of the company and is one of the first batch of pilot projects for the sale of electricity reform and the second batch of mixed-ownership reform pilot enterprises in the country. It undertakes the important task of comprehensively constructing the company's "electricity sale +" business ecosystem. As of June 30, 2024, Changxing Electrical Utilities has total assets of 2.554 billion yuan, net assets of 1.338 billion yuan, and achieved a net income of 0.014 billion yuan in the first half of 2024. To promote Changxing Electrical Utilities to effectively carry out market-based electricity sales, user-side energy storage, and distributed photovoltaic business in line with its strategic positioning, the meeting agreed for the company to increase cash investment in Changxing Electrical Utilities by 0.6 billion yuan. After the capital increase, it will further optimize the capital structure of Changxing Electrical Utilities, enhance its market competitiveness in related businesses, and continuously promote the scaling and high-quality development of user-side energy storage and distributed photovoltaic businesses. The funds from the capital increase will be used after being approved according to the funding needs of Changxing Electrical Utilities and according to the corresponding procedures.