龙源电力(00916) - 2024 Q3 - 季度业绩

Revenue and Profit - The group's revenue for the nine months ended September 30, 2024, was RMB 26.35 billion, a decrease of 6.37% compared to the same period last year[2]. - The net profit attributable to equity holders of the company was RMB 5.67 billion, representing a decline of 11.38% year-on-year[2][5]. - The group’s operating profit before tax was RMB 7.77 billion, down from RMB 8.67 billion in the previous year[5]. Installed Capacity - The total installed capacity of the group as of September 30, 2024, was 37,010.40 MW, with wind power capacity at 28,380.64 MW[3][8]. - The total installed capacity as of September 30, 2024, reached 37,010.40 GW, an increase of 12.80% compared to 32,809.50 GW in 2023[9]. - The group’s total installed capacity for photovoltaic projects included 567.70 MW from acquired projects[3]. - The installed capacity for other renewable energy sources increased significantly by 91.45%, from 4,162.81 GW in 2023 to 7,969.76 GW in 2024[9]. - The installed capacity in Guangxi province increased by 7.54%, from 991.35 GW in 2023 to 1,066.10 GW in 2024[9]. Power Generation - The group completed a total electricity generation of 56,846,592 MWh, an increase of 2.42% year-on-year, with renewable energy generation rising by 82.76%[4]. - The total power generation for the nine months ending September 30, 2024, was 56,846,592 MWh, reflecting a 2.42% increase from 55,504,550 MWh in 2023[11]. - The wind power generation decreased by 1.82%, from 44,673,091 MWh in 2023 to 43,861,535 MWh in 2024[10]. - The thermal power generation decreased by 6.32%, from 7,645,833 MWh in 2023 to 7,162,990 MWh in 2024[11]. - The power generation in Guizhou province saw a significant increase of 18.19%, from 1,224,043 MWh in 2023 to 1,446,750 MWh in 2024[10]. - The company reported a decrease in power generation in several regions, including Inner Mongolia (-12.13%) and Hebei (-15.05%) compared to the previous year[10]. Wind and Photovoltaic Segments - The wind power segment generated revenue of RMB 19.12 billion, down 8.35% year-on-year, while the photovoltaic segment saw revenue growth of 65.51% to RMB 1.57 billion[2][6]. - The average utilization hours for wind power decreased by 108 hours to 1,607 hours, primarily due to lower wind speeds[4]. Equity Transfer and Future Outlook - The group signed a share transfer agreement for the sale of 27% equity in Jiangyin Sulong Thermal Power Co., Ltd. for RMB 1.32 billion, which was included in other income[7]. - The company completed the equity transfer of Jiangyin Sulong, and its power generation will no longer be included from September 2024[12]. - Future outlook includes continued focus on expanding renewable energy capacity and improving operational efficiency[11].