JEI(SZ:000600) Quan Jing Wang·2025-04-25 09:29Core Viewpoint - The company, Jiantou Energy, has demonstrated strong growth momentum as a regional energy leader, highlighted by its impressive 2024 annual report amid the dual backdrop of energy structure transformation and deepening electricity market reforms [1] Financial Performance - In 2024, the company achieved a record revenue of 23.517 billion yuan, a year-on-year increase of 20.09% [2] - The net profit attributable to shareholders reached 531 million yuan, a significant year-on-year growth of 181.59% [2] - The non-recurring net profit surged by 5401.22% to 399 million yuan, indicating a qualitative leap in core business profitability [2] - The proposed cash dividend is 1.30 yuan per 10 shares, totaling approximately 235 million yuan, which represents 44.28% of the net profit attributable to shareholders [3] Business Operations - The company focuses on traditional coal-fired power generation while actively expanding into renewable energy sectors such as solar and energy storage [4] - In 2024, the company operated 14 coal-fired power plants, generating 53.890 billion kWh, an increase of 116.24 billion kWh year-on-year [5] - The average on-grid electricity price was 438.22 yuan per MWh, a decrease of 12.57 yuan per MWh compared to the previous year [5] - Revenue from coal-fired power generation was 21.643 billion yuan, up 18.50% year-on-year, while solar power revenue exceeded 1.03 billion yuan, growing at 30.49% [5] Research and Development - The company increased its R&D investment to 1.152 billion yuan, a year-on-year growth of 34.13% [6] - It implemented 224 technology R&D projects and received 80 patent authorizations, including 27 invention patents [6] - The company has established several technology innovation centers and achieved international leading and advanced levels in various projects [7] Future Strategy - For 2025, the company aims to enhance its position as a leading comprehensive energy service provider, focusing on low-carbon, clean, and flexible development [8] - The strategy includes improving core competitiveness, expanding main business scale, ensuring safety and risk management, and leveraging the public listing for effective market value management [8][9] - The operational model will emphasize market-oriented and efficiency-centered approaches, enhancing asset performance and optimizing coal procurement [9]