协鑫能科虚拟电厂调节能力突破550MW 未来5年能源服务收入目标占比过半

Core Viewpoint - GCL-Poly Energy Technology Co., Ltd. aims to become a leading energy ecosystem service provider in China, focusing on multi-business green energy asset management and high-quality development of energy services [2] Financial Performance - In 2024, the company achieved operating revenue of 9.796 billion yuan and a net profit attributable to shareholders of 489 million yuan, with a significant year-on-year increase of 190.83% in net profit excluding non-recurring gains and losses [2] - In Q1 2025, the net profit attributable to shareholders was 254 million yuan, representing a year-on-year growth of 35.15%, while the net profit excluding non-recurring gains and losses was 193 million yuan, up 176.61% year-on-year [2] Growth Drivers - The main reasons for the performance growth include the ongoing development and investment in distributed photovoltaic power stations and energy storage projects, leading to a substantial increase in related project revenue and profits [3] - The company has enhanced its refined management, reduced period expenses, and benefited from the decline in fuel prices such as natural gas and coal, which improved the performance of existing power plants [3] Virtual Power Plant Development - With the deepening of electricity market reforms in the Yangtze River Delta, virtual power plants have become key tools for load regulation and enhancing grid flexibility [3] - The company has integrated dispersed commercial user load resources into a "dispatchable resource pool" through its self-developed virtual power plant operation platform, activating resource value through green electricity trading and carbon asset development [3] Future Strategy - The company aims to expand its energy service business rapidly, creating a second growth engine by leveraging a multi-energy complementary asset portfolio and exploring value-added operational scenarios [4] - The goal is to establish a dual revenue structure of "physical asset operation guaranteed income + market-based service flexible income" to enhance asset revenue stability [4] - Over the next five years, the company plans to focus on building a business ecosystem centered on energy services, aiming for energy service revenue to exceed 50% of total revenue [5]