JEI(SZ:000600) Zhong Guo Dian Li Bao·2025-08-18 05:40Core Viewpoint - The company, Jiantou Energy, plans to raise up to 2 billion yuan through a private placement of shares to support the development of coal-fired power projects, specifically the Xibaipo Power Plant Phase IV project, which is expected to enhance power supply and grid stability [1][2]. Group 1: Fundraising and Project Details - Jiantou Energy intends to issue up to 231 million A-shares to no more than 35 specific investors, with a total fundraising amount not exceeding 2 billion yuan [1]. - The net proceeds from the fundraising will primarily be used for the Xibaipo Power Plant Phase IV project, which involves the construction of two 660,000 kW ultra-supercritical coal-fired units and associated desulfurization and denitrification facilities [1]. - The total investment for the project is estimated at 5.863 billion yuan, with a post-tax internal rate of return of 7.10% and a payback period of 11.83 years [1]. Group 2: Financial Performance - In the first half of the year, Jiantou Energy reported revenue of 11.113 billion yuan, a year-on-year decrease of 3.28%, while net profit increased by 157.96% to 899 million yuan [2]. - The revenue from thermal power generation and heat sales accounted for 97.10% of the total revenue [2]. - As of June 30, Jiantou Energy's total installed capacity was 12.4565 million kW, with thermal power capacity at 11.77 million kW and photovoltaic capacity at 686,500 kW [2].