JEP(SZ:000875) Da Zhong Ri Bao·2025-08-22 06:50Company Overview - Jidian Co., Ltd. is accelerating its investment in renewable energy projects, with significant investments in two major projects in Shandong, totaling over 14.78 billion yuan for wind power and over 9.788 billion yuan for photovoltaic energy [1][3] - The company reported a total clean energy installed capacity of 11.35 million kilowatts, accounting for 77.48% of its total installed capacity, indicating a continuous increase in the proportion of clean energy [3] Financial Performance - Jidian Co., Ltd. achieved total operating revenue of 6.569 billion yuan, a year-on-year decrease of 4.63%, and a net profit of 726 million yuan, down 33.72% year-on-year [5] - The company’s gross profit margin in the electricity sector was 37.74%, showing a decrease of 3.49% compared to the previous year [4] Transition to Renewable Energy - The company is transitioning from traditional coal power to a diversified energy model focused on renewable energy and green hydrogen, aiming to become a comprehensive energy company [3][6] - Jidian Co., Ltd. plans to change its name to "State Power Investment Group Green Energy Development Co., Ltd." to better reflect its focus on renewable energy and green hydrogen [6] Market Environment - The national electricity spot market is advancing, with a significant increase in renewable energy generation capacity entering the market, leading to intensified competition in the electricity sales market [7] - The company is implementing measures to manage risks associated with price fluctuations in renewable energy projects, including tracking market trends and developing hedging strategies [7]