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新天绿色能源(00956) - 2024 - 年度财报
2025-04-15 08:43
Financial Performance - The audited net profit attributable to the parent company's shareholders for 2024 is RMB 1,672,367,020.97, with undistributed profits amounting to RMB 9,538,353,902.49[2]. - The proposed cash dividend distribution is RMB 0.21 per share (including tax), totaling RMB 883,195,545.33 (including tax), which accounts for 52.81% of the net profit attributable to the parent company[2]. - The company's operating revenue for 2024 reached ¥21.37 billion, representing a 5.38% increase compared to ¥20.28 billion in 2023[43]. - Net profit attributable to shareholders decreased by 24.24% to ¥1.67 billion in 2024 from ¥2.21 billion in 2023[43]. - The net cash flow from operating activities fell by 23.31% to ¥3.72 billion in 2024, down from ¥4.85 billion in 2023[43]. - Basic and diluted earnings per share decreased by 21.57% to ¥0.40 in 2024, compared to ¥0.51 in 2023[43]. - The total assets of the company increased by 6.33% to ¥84.02 billion at the end of 2024, up from ¥79.02 billion at the end of 2023[43]. - The weighted average return on equity decreased by 2.88 percentage points to 7.82% in 2024 from 10.70% in 2023[43]. - The net profit margin for 2024 was impacted by a decline in wind farm utilization hours and a decrease in average on-grid electricity prices[43]. - The company reported a total profit of ¥2.35 billion in 2024, down from ¥3.37 billion in 2023[45]. Operational Highlights - In 2024, the company achieved the highest annual approved capacity of 6,100.18 MW, with a significant increase in various projects including 3,780.18 MW in wind power and 1,920 MW in gas power plants[13]. - The company added 80.27 MW of new wind and solar installations and 108.74 kilometers of new gas pipelines during the reporting period[14]. - The company achieved a total wind power installed capacity of 6,587.35 MW and a management capacity of 7,085.45 MW as of December 31, 2024[26]. - In 2024, the total natural gas sales volume reached 5.158 billion cubic meters, with a total gas transmission/sales volume of 5.888 billion cubic meters[26]. - The company plans to enhance operational efficiency and management quality while actively promoting project production processes to ensure high-quality operations[22]. - The company is focusing on integrating gas power plants with renewable energy, emphasizing hydrogen energy and energy storage projects to enhance operational efficiency[19]. Risk Management and Compliance - The company confirms that there are no non-operating fund occupations by controlling shareholders or related parties[2]. - The company has not violated any regulatory decision-making procedures for providing guarantees[2]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[3]. - The company received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - There are no risks indicated regarding the inability of the majority of directors to ensure the authenticity and completeness of the annual report[4]. - The company has detailed descriptions of potential risks and corresponding countermeasures in the "Management Discussion and Analysis" section of the report[2]. - The company is actively pursuing compliance governance and financial management improvements to support sustainable growth[19]. Strategic Initiatives - The company is committed to optimizing power trading to convert power advantages into pricing advantages[19]. - The company is implementing a three-year management enhancement action plan to improve operational management capabilities[19]. - The company aims to develop a large-scale integrated offshore wind power and green energy system, leveraging opportunities in renewable hydrogen production and utilization[20]. - The company is transitioning from a regional distributor to a national trader in the natural gas sector, with new pipeline connections facilitating resource supply[13]. - The company is actively seeking suitable overseas investment projects while expanding its renewable energy projects nationwide[26]. - The company is pursuing a diversified energy strategy, integrating hydrogen and energy storage into its business model to mitigate risks associated with single business lines[109]. Market and Industry Trends - The overall economic growth in China for 2024 was 5.0%, with GDP reaching RMB 1,349,084 billion, indicating a stable economic environment for the company[58]. - The implementation of the Energy Law on January 1, 2025, is expected to provide strong legal support for the development of renewable energy, guiding the company's future strategic layout[58]. - The company is actively adapting to the competitive landscape in the renewable energy market, with increasing resource development competition[149]. - The natural gas sector is expected to maintain stable growth, supported by ongoing improvements in the natural gas supply and storage system[149]. Corporate Governance - The board of directors consists of 9 members, including 4 non-executive directors, 2 executive directors, and 3 independent non-executive directors, ensuring compliance with Hong Kong listing rules[178]. - The company has adopted the Corporate Governance Code and has confirmed compliance with all relevant provisions, except for the attendance of the chairman at the annual general meeting[176]. - The company has established a nomination committee to propose new directors, who must be elected at the shareholders' meeting[183]. - The company has received annual confirmations of independence from its independent non-executive directors, affirming their lack of business and financial interests in the company[186]. - The company has implemented a new "Avoidance of Competition Agreement" with its controlling shareholder, effective from October 30, 2024, to focus resources on core business areas[192]. Future Outlook - The company aims for non-fossil energy generation to account for approximately 39% of total generation by the end of 2025, as part of national energy policies promoting green transformation[147]. - The company plans to expand its regional market development for natural gas projects, increasing market penetration among industrial, public utility, and residential users[152]. - The company will continue to enhance the development of renewable energy, focusing on wind power and exploring hydrogen and energy storage industries[150]. - The company anticipates potential risks in wind power operations due to fluctuations in wind resources and electricity output limitations caused by lagging grid infrastructure[161][162].
新天绿色能源(00956) - 董事会召开日期
2025-04-15 08:40
(於中華人民共和國註冊成立的股份有限公司) (股份代號:00956) 董事會召開日期 新天綠色能源股份有限公司(「本公司」)的董事會(「董事會」)特此通知,將於2025年4月29日(星期二) 在中華人民共和國(「中國」)河北省石家莊市舉行董事會會議,藉以(其中包括)考慮和批准本公司及其 附屬公司截至2025年3月31日止叁個月之季度業績及其發佈。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 新天綠色能源股份有限公司 譚建鑫 執行董事及總裁 中國河北省石家莊市,2025年4月15日 於本公告日期,本公司非執行董事為曹欣博士、李連平博士、秦剛先生、王濤先生及張旭蕾女士; 本公司執行董事為譚建鑫先生;以及本公司獨立非執行董事為郭英軍先生、陳奕斌先生及林濤博 士。 * 僅供識別 承董事會命 ...
电力设备及新能源行业周报:中电建终止51GW组件集采,澳大利亚计划扶持户储装机
Ping An Securities· 2025-04-14 02:05
Investment Rating - The report maintains an "Outperform" rating for the industry [1]. Core Insights - The report highlights significant developments in the wind and solar sectors, including the commencement of China's first large-capacity floating wind turbine project and the termination of a major solar component procurement by China Power Construction [6][7]. - The Australian government's plan to subsidize home energy storage systems is expected to reduce initial costs for consumers and drive installation growth [7]. Summary by Sections Wind Power - The commencement of the 16MW floating wind turbine project by Three Gorges marks a significant milestone in China's offshore wind technology, addressing high costs through larger turbine capacities [11]. - The wind power index fell by 6.67%, underperforming the CSI 300 index by 3.80 percentage points, with a current PE_TTM valuation of approximately 18.89 times [12]. - Key companies to watch include Mingyang Smart Energy, Dongfang Cable, and Yaxing Anchor Chain, as the domestic offshore wind market shows upward momentum [7][16]. Solar Power - China Power Construction's termination of a 51GW solar component procurement reflects the impact of recent adjustments in renewable energy pricing policies, leading to uncertainty in project investment returns [6][7]. - The solar equipment index decreased by 9.56%, with the current PE_TTM valuation around 29.99 times [4]. - Companies of interest include Longi Green Energy and Tongwei Co., as the solar sector faces potential short-term demand weakness post-May 31 [7][16]. Energy Storage & Hydrogen - The Australian Labor Party's proposed AUD 2.3 billion subsidy for home energy storage systems aims to lower costs by 30%, potentially facilitating the installation of over 1 million new batteries by 2030 [7]. - The energy storage index dropped by 9.04%, with a current PE_TTM of 23.9 times, indicating a strong growth outlook for the sector [4]. - Key players in the energy storage market include Sungrow Power Supply and Shuneng Electric, while the hydrogen sector sees interest in companies like Huagong Huaneng and Yihua Tong [7][16].
保险行业周报(20250407-20250411):电车车险增量可期,估值回调、建议关注当下配置性价比-20250412
Huachuang Securities· 2025-04-12 13:15
Investment Rating - The report maintains a "Recommendation" rating for the insurance industry, suggesting that the industry index is expected to rise more than 5% over the next 3-6 months compared to the benchmark index [22]. Core Insights - The insurance index fell by 4.77% this week, underperforming the broader market by 1.89 percentage points. Major insurance stocks also experienced declines, with notable drops from companies like AIA (-15.93%) and Taiping (-16.17%) [1]. - The insurance sector is seeing significant growth in the electric vehicle (EV) insurance market, with 31.05 million EVs insured in 2024, generating premium income of 140.9 billion yuan. This represents 15.4% of the total auto insurance premiums [4]. - The report highlights that the profitability of the auto insurance segment is crucial for the overall profitability of property insurance companies, with EV insurance becoming a competitive focus as penetration rates increase [5]. Summary by Sections Market Performance - The insurance index decreased by 4.77% this week, with major companies like Ping An and China Life also showing declines [1]. - The 10-year government bond yield is at 1.66%, down 6 basis points from the previous week [1]. Regulatory Developments - The China Banking and Insurance Regulatory Commission announced adjustments to the regulatory ratios for equity assets, increasing the upper limit for equity asset allocation and relaxing requirements for tax-deferred pension ratios [2]. - By the end of 2024, the first batch of pilot commercial pension accounts reached approximately 1.955 million, a nearly 230% increase from the end of 2023 [2]. Electric Vehicle Insurance Insights - The average premium for EV insurance in 2024 is approximately 4,538 yuan, which is a concern for potential customers due to high costs. Despite this, the segment is experiencing underwriting losses primarily due to high claims and repair costs [4]. - The report suggests that collaboration between insurers and automakers to enhance data models could improve pricing accuracy for EV insurance [4]. Investment Recommendations - The report notes that the recent market downturn due to tariff conflicts has led to a valuation correction in the insurance sector, presenting potential long-term investment opportunities [5]. - Current price-to-earnings (PE) and price-to-book (PB) ratios for major insurers are provided, with Ping An at a PE of 6.53 and a PB of 0.91, indicating a strong buy recommendation [10].
新天绿能(600956):气候因素致24Q4业绩承压,看好25年高增长
Tianfeng Securities· 2025-04-07 13:12
公司报告 | 年报点评报告 新天绿能(600956) 证券研究报告 气候因素致 24Q4 业绩承压,看好 25 年高增长 事件:公司发布 2024 年度报告,2024 年实现营业收入 213.72 亿元,同比 增长 5.38%;实现归母净利润 16.72 亿元,同比降低 24.24%。 风电:风速下降导致发电量降低,板块业绩短期承压 截至 2024 年底,公司新增控股装机容量 32.21 万千瓦,累计控股装机容量 658.74 万千瓦,由于平均风速下降,公司发电水平有所下滑,2024 全年风 电利用小时数 2226 小时,同比减少 193 小时,实现发电量 139.08 亿千瓦 时,同比减少 1.23%。同时,2024 年公司市场化交易电量达到 58.85 亿千 瓦时,占比达到 42.70%,同比增加 0.57pct,整体平均上网电价 0.43 元/KWh, 同比下降 2.5%。展望未来,一方面,公司储备项目丰富,截至 2024 年底 在建风电装机容量 96.44 万千瓦,核准未开工容量 430.99 万千瓦,后续项 目开发有望提速;另一方面,2025 年 2 月公司完成发电量 14.21 亿千瓦时, 同比增 ...
新天绿能(600956) - 新天绿能H股公告
2025-04-03 08:45
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 FF301 致:香港交易及結算所有限公司 公司名稱: 新天綠色能源股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年4月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00956 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,839,004,396 | RMB | | 1 RMB | | 1,839,004,396 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,839,004,396 | RMB | | 1 RMB | | 1,839,004,39 ...
新天绿能(600956) - 新天绿能关于使用部分闲置募集资金进行现金管理到期赎回的公告
2025-04-01 10:01
新天绿色能源股份有限公司(以下简称"公司"或"本公司")为提高募集资金 使用效率,在确保不影响募集资金投资项目实施及募集资金安全的前提下,经公 司2024年4月25日召开的第五届董事会第二十四次临时会议和第五届监事会第十 一次临时会议审议,自董事会审议通过之日起12个月内,公司使用最高不超过人 民币4亿元(包含本数)的暂时闲置募集资金进行现金管理,上述投资额度在有 效期内可循环滚动使用,以12个月内任一时点的理财产品余额计算。董事会授权 公司管理层在批准额度内行使决策权,授权自公司董事会审议通过之日起12个月 内有效。公司监事会对本事项发表了意见,保荐机构对本事项出具了明确的核查 意见。具体内容详见上海证券交易所网站(www.sse.com.cn)披露的《新天绿色 能源股份有限公司关于使用部分闲置募集资金进行现金管理的公告》(公告编号 :2024-032)。 一、使用闲置募集资金进行现金管理到期赎回的情况 公司投资品种包括银行理财产品(活期理财产品及银行结构性存款)、券 商理财产品(收益凭证),均为保本、低风险产品。公司在董事会批准的额度 及期限范围内进行投资,期限内任一时点的交易金额(含前述投资的收益进行 ...
新天绿能(600956) - 新天绿能关于更换持续督导保荐代表人的公告
2025-04-01 09:45
新天绿色能源股份有限公司董事会 新天绿色能源股份有限公司 2025 年 4 月 1 日 关于更换持续督导保荐代表人的公告 新天绿色能源股份有限公司(以下简称"公司")于近日收到保荐机构中德证 券有限责任公司(以下简称"中德证券")出具的《关于更换新天绿色能源股份 有限公司持续督导保荐代表人的通知》。中德证券作为公司向特定对象发行股票 的保荐机构,原指定孙乃玮先生和崔胜朝先生担任公司持续督导的保荐代表人。 由于崔胜朝先生工作变动不能继续担任公司持续督导的保荐代表人,为保证公司 持续督导工作的顺利进行,中德证券委派兰建州先生自2025年4月1日起接替崔胜 朝先生担任公司持续督导的保荐代表人,继续履行对公司的持续督导职责(兰建 州先生的简历见附件)。 本次变更后,公司持续督导的保荐代表人为孙乃玮先生、兰建州先生,持续 督导期至中国证券监督管理委员会和上海证券交易所规定的持续督导义务结束 为止。 证券代码:600956 证券简称:新天绿能 公告编号:2025-021 公司董事会对崔胜朝先生担任公司保荐代表人期间所做的工作表示衷心感 谢! 特此公告。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 ...
新天绿能(600956) - 新天绿能关于2021年非公开发行A股股票部分募投项目募集资金专户完成销户的公告
2025-04-01 09:45
证券代码:600956 证券简称:新天绿能 公告编号:2025-020 新天绿色能源股份有限公司 关于 2021 年非公开发行 A 股股票部分募投项目募集资金 专户完成销户的公告 一、募集资金基本情况 经中国证券监督管理委员会《关于核准新天绿色能源股份有限公司非公开发行股票 的批复》(证监许可[2021]2730号)核准,新天绿色能源股份有限公司(以下简称"公 司")已向22名特定对象非公开发行人民币普通股(A股)337,182,677股,发行价格13.63 元/股,募集资金总额为人民币4,595,799,887.51元,扣除发行费用后实际募集资金净额 为人民币4,545,055,183.47元。上述募集资金已于2021年12月29日全部到位,存放于公司 募集资金专项账户,安永华明会计师事务所(特殊普通合伙)已对公司2021年非公开发 行A股的募集资金到账情况进行了审验,并出具安永华明(2021)验字第60809266_A01 号《新天绿色能源股份有限公司验资报告》。 三、募集资金专户注销情况 公司对募集资金采用了专户存储制度,募集资金全部存放在经董事会批准设立的募 集资金专项账户中,公司已与募集资金投资项目 ...
新天绿色能源(00956) - 海外监管公告 - 关於更换持续督导保荐代表人的公告
2025-04-01 09:44
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 (於中華人民共和國註冊成立的股份有限公司) (股份代號:00956) 海外監管公告 本公告乃由新天綠色能源股份有限公司(「本公司」)根據《香港聯合交易所有限公司證券上市規則》第 13.10B條作出。 茲載列本公司於上海證券交易所網站刊發之《新天綠色能源股份有限公司關於更換持續督導保薦代表 人的公告》,僅供參閱。 承董事會命 新天綠色能源股份有限公司 譚建鑫 執行董事及總裁 中國河北省石家莊市,2025年4月1日 * 僅供識別 证券代码:600956 证券简称:新天绿能 公告编号:2025-021 新天绿色能源股份有限公司 关于更换持续督导保荐代表人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 ...