GEPIC(000791) 长江商报·2025-04-16 00:19Core Viewpoint - Gansu Energy has successfully completed a major asset restructuring, leading to significant improvements in its operating performance, with a notable increase in net profit and revenue in 2024 and the first quarter of 2025 [1][2][3]. Group 1: Financial Performance - In the first quarter of 2025, Gansu Energy expects a net profit attributable to shareholders of 4.60 billion to 4.90 billion yuan, representing a year-on-year growth of over 20% [1]. - For the year 2024, Gansu Energy reported an operating revenue of approximately 87 billion yuan, a year-on-year increase of 24.79%, and a net profit of 16.44 billion yuan, up over 40% [1][3]. - The company achieved a significant increase in net profit in the first quarter of 2025, with a growth rate of 793.16% to 851.41% compared to the same period last year [2]. Group 2: Asset Restructuring Impact - The acquisition of Changle Company, the largest peak-shaving thermal power project in Northwest China, has enhanced Gansu Energy's operational capabilities and diversified its energy portfolio to include thermal power alongside its existing clean energy sources [1][7][8]. - Changle Company exceeded its performance commitments, achieving a non-recurring net profit of 17.14 billion yuan in 2024, with a completion rate of 150.75% [5][6]. Group 3: Capacity and Production - As of the end of 2024, Gansu Energy's installed capacity reached 7.54 million kilowatts, with a significant increase in thermal power capacity following the acquisition of Changle Company [9]. - The company generated 29.02% more electricity in 2024, with a total output of 294.37 billion kilowatt-hours compared to 228.15 billion kilowatt-hours in the previous year [9]. Group 4: Dividend Policy - Gansu Energy plans to distribute a cash dividend of 5.84 billion yuan for 2024, with a dividend payout ratio of 35.51%, reflecting an increase in profitability and shareholder returns [9].