JEP(SZ:000875) Quan Jing Wang·2025-04-30 00:50Core Viewpoint - Jilin Electric Power Co., Ltd. (吉电股份) has demonstrated solid performance in its 2024 annual report, highlighting its commitment to the "New Energy +" and green hydrogen dual-track strategy, which has led to significant operational achievements and a strong foundation for future growth [1][2][3] Group 1: Financial Performance - The company achieved a net profit of 1.099 billion yuan, marking a steady increase and setting a new record for profitability [1] - Total installed capacity reached 14.4411 million kilowatts, with clean energy capacity accounting for 11.1411 million kilowatts, representing 77.15% of the total [6][8] Group 2: Strategic Development - The dual-track strategy of "New Energy +" and green hydrogen is being effectively implemented, with five new energy platform companies and three production operation centers established nationwide [2][4] - Significant progress has been made on key projects, including the Baicheng Phase II coal power supply project and the Lishu green methanol wind power project, which have received provincial approval [2] Group 3: Industry Positioning - The company is transitioning from a traditional coal power enterprise to a comprehensive energy company focused on new energy and green hydrogen, contributing to the establishment of a new energy system [1][4] - Jilin Electric Power Co., Ltd. is strategically positioned to leverage its advantages in various regions, including Jilin, Shandong, Jiangsu, and others, to foster new growth in the renewable energy sector [4][6] Group 4: Policy Support - National and local governments are actively supporting the development of green hydrogen, with recent policies emphasizing hydrogen's role in the energy transition [5][6] - The implementation of the Energy Law in 2025 will legally incorporate hydrogen into the energy system, providing a solid foundation for industry growth [5] Group 5: Technological Innovation - The company has achieved significant breakthroughs in the hydrogen energy value chain, including the successful certification of a renewable hydrogen project, marking a milestone in green hydrogen certification [8] - The integration of renewable energy with hydrogen production processes is enhancing the efficiency of green electricity consumption [7][8] Group 6: Future Outlook - The company aims to continue focusing on energy security, market demand, and advanced technology to explore replicable business models and technical pathways for the hydrogen industry [9] - Jilin Electric Power Co., Ltd. is committed to deepening the collaboration between "New Energy +" and green hydrogen to enhance its competitive edge in the global clean energy market [9]