DHEP(SH:600744) Chang Jiang Shang Bao·2025-06-08 23:15Core Viewpoint - Huaneng Power (600744.SH) is significantly advancing its transition to renewable energy by investing approximately 1.398 billion yuan in wind and solar projects, aiming to enhance its profitability and align with long-term development goals [1][2][3]. Investment Plans - The company plans to invest in three projects: the Weishan Wind Power Project in Zhuzhou, the Pulu Wind Power Project in Chenzhou, and the Xiangyang Solar Power Project in Hengnan, with a total installed capacity of 230 megawatts [2][3]. - Funding for these projects will come from a combination of equity and bank loans [2]. Renewable Energy Strategy - Huaneng Power aims to increase its clean energy installed capacity to over 50% by the end of the 14th Five-Year Plan, transitioning from a coal-dominated structure to a diversified energy mix including wind, solar, hydro, and storage [1][7]. - As of the end of 2024, the company's total installed capacity is 6.8903 million kilowatts, with clean energy accounting for 30.05% of this capacity [1][7]. Financial Performance - In Q1 2025, the company reported a revenue of 2.307 billion yuan, a year-on-year increase of 5.06%, and a net profit of 75.6749 million yuan, reflecting a significant year-on-year growth of 894.61% [1][7]. - The company has faced financial challenges since 2008, with continuous losses in most years, but the recent shift towards renewable energy has begun to yield positive results [6][7]. Market Position - Huaneng Power is the largest thermal power enterprise in Hunan Province, holding an 18.04% share of the province's regulated public thermal power capacity [6].