Datang Power(601991) Chang Jiang Shang Bao·2025-03-27 00:44Core Viewpoint - Datang Power's significant profit increase is attributed to cost control and a strategic shift towards green energy, with a net profit of approximately 4.506 billion yuan, marking a 229.7% year-on-year increase [1][2]. Financial Performance - In 2024, Datang Power reported an operating revenue of approximately 123.474 billion yuan, a year-on-year increase of 0.86% [2]. - The net profit attributable to shareholders reached approximately 4.506 billion yuan, reflecting a 229.7% increase compared to the previous year [2]. - The net profit excluding non-recurring gains and losses was approximately 4.504 billion yuan, showing a remarkable growth of 695.69% year-on-year [1][2]. Operational Highlights - Datang Power's total electricity generation reached approximately 2,693.22 billion kilowatt-hours, an increase of about 3.81% year-on-year [2]. - The electricity generation from coal-fired units was 1,944.63 billion kilowatt-hours, up 1.01% year-on-year [2]. - The company saw significant growth in renewable energy generation, with wind power up 23.05% and solar power up 44.12% year-on-year [2]. Green Transition Strategy - Datang Power is actively transitioning from traditional coal power to a diversified energy structure, focusing on wind and solar energy [1][3]. - In 2024, the company added 6,700.263 MW of new generating capacity, with 2,594.2 MW from wind projects and 1,704.823 MW from solar projects [1][3]. - The proportion of low-carbon clean energy installations increased to 40.37%, up 2.62 percentage points from the previous year [1][3]. Future Plans - The company plans to continue increasing investments in wind and solar energy, enhancing collaboration with local governments and partners to promote the development of the renewable energy sector [4]. - Datang Power has made significant advancements in renewable energy technology, implementing innovative systems in solar projects to improve economic and environmental benefits [4].