JEP(SZ:000875) Xin Hua Cai Jing·2025-05-30 07:54Core Viewpoint - Jilin Electric Power Co., Ltd. is transitioning from a traditional coal and electricity enterprise to a focus on renewable energy and green hydrogen, aiming for over 20% year-on-year growth in net profit attributable to shareholders in 2024, with clean energy revenue surpassing 50% of its main business for the first time [2][3]. Group 1: Renewable Energy Development - The company has increased its installed capacity from 850,000 kW in 2002 to over 14 million kW, with nearly 80% from renewable sources, establishing bases in five regions [3]. - Since the 14th Five-Year Plan, Jilin Electric has added over 6 million kW of renewable capacity, nearly doubling its previous figures, and increasing the renewable share by 14 percentage points [3]. - The company plans to enhance its leadership in renewable energy in Jilin Province while expanding its development scale in other regions such as Shandong, Jiangsu, and Xinjiang [3]. Group 2: Smart Operations and Efficiency - Jilin Electric has implemented "smart station" upgrades in 40 renewable energy stations over the past three years, reducing operational staff by 30% and achieving "无人值班" (unmanned operation) in 10 stations [4]. Group 3: Green Hydrogen Energy Initiatives - The company is focusing on green hydrogen energy, leveraging national policies to support the development of zero-carbon industries across various sectors [5]. - Jilin Electric is investing nearly 6 billion yuan in the world's largest green hydrogen production project, expected to produce 32,000 tons of green hydrogen and 180,000 tons of green ammonia annually [6]. - The company is also developing additional projects for green methanol and expanding its footprint in regions like the Middle East and North Africa [6]. Group 4: Research and Development - Over the past three years, Jilin Electric has invested 1.632 billion yuan in R&D, with an average annual intensity exceeding 3% [7]. - In 2024, the company plans to implement 62 research projects with a total R&D investment of 520 million yuan, increasing the R&D intensity to 3.29% [7].