福能股份拟78亿投建抽水蓄能电站 转型加速清洁能源装机占56.35%

Core Viewpoint - Funiu Co., Ltd. is making a significant investment of 7.802 billion yuan to accelerate its transition to clean energy through the construction of a pumped storage power station in Fujian Province, which will enhance the company's clean energy capacity [1][2]. Investment and Project Details - The investment of 7.802 billion yuan is aimed at building the South An pumped storage power station with a capacity of 1.2 million kilowatts, expected to take 69 months for construction [2]. - The project is a joint venture with Fujian Water Resources Investment Development Group and Nan'an Energy Industry and Trade Investment Development Group, with a shareholding ratio of 60%, 20%, and 20% respectively [2]. - The project has received approval from the Fujian Provincial Development and Reform Commission, with a financial internal rate of return estimated at 6.5% [2]. Company Strategy and Growth - Funiu Co., Ltd. focuses on a core strategy of "offshore wind power + energy storage + thermal power upgrade," actively participating in the energy structure transformation in Fujian Province [1][2]. - By the end of 2024, the company aims to have a total installed capacity of 6.096 million kilowatts, with clean energy accounting for 56.35% of this capacity [1][2]. - The company plans to add over 6 million kilowatts of new capacity by 2025 and aims to reach 15 million kilowatts of controlled operating capacity by the end of 2025, and over 20 million kilowatts by the end of 2030 [3]. Financial Performance - Funiu Co., Ltd. has shown steady growth in profitability, achieving a net profit of 2.793 billion yuan in 2024, a year-on-year increase of 6.47%, marking a historical high [4]. - In the first half of 2025, the company reported a net profit of 1.337 billion yuan, up 12.48% year-on-year, driven by improved wind conditions and increased electricity generation [4]. - The company’s revenue for the first quarter of 2025 was 3.097 billion yuan, a slight increase of 0.31% year-on-year, while the net profit surged by 42.83% [4]. Diversification and Future Outlook - Funiu Co., Ltd. is diversifying its energy sources, including wind power, natural gas, combined heat and power, coal-fired power, solar power, and pumped storage, to build a competitive edge [4]. - The establishment of the South An pumped storage power station will enhance the company's peak regulation capabilities and lay the foundation for its energy storage business [5]. - The company is transitioning from a traditional energy enterprise to a comprehensive energy service provider, creating new growth opportunities under the "dual carbon" goals [6].