JSNE(SH:603693) Zheng Quan Zhi Xing·2025-08-26 09:22Core Viewpoint - Jiangsu New Energy Development Co., Ltd. is actively implementing its "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on enhancing operational quality and returning value to investors through various strategic initiatives [1][2]. Group 1: Operational Quality Improvement - The company is focusing on its core business to enhance operational quality, achieving stable production and operational performance amid challenges [2]. - Following the new round of electricity system reforms, the company is actively participating in the electricity market, establishing a management framework for market transactions, and utilizing advanced technologies to improve power and price forecasting [3]. - The company is advancing its offshore wind power project and has initiated carbon emission reduction registration, which is expected to contribute to revenue growth [3]. Group 2: Efficiency Enhancement - The company is implementing lean management practices to reduce costs and improve operational efficiency, achieving higher performance targets in its renewable energy business [4]. - The company has received multiple awards for quality management in the electricity sector, indicating its commitment to operational excellence [4]. - The company is focusing on high-quality project development, ensuring project quality and progress to enhance market competitiveness [4]. Group 3: Financial Performance - As of June 30, 2025, the company has a cumulative installed capacity of 1.71 million kW for renewable energy generation and 207,000 kW/407,000 MWh for new energy storage [5]. - For the first half of 2025, the company reported a total electricity generation of 1.783 billion kWh, a year-on-year decrease of 2.67%, with operating revenue of 1.054 billion yuan, a year-on-year increase of 0.48%, and a net profit attributable to shareholders of 282 million yuan, a year-on-year decrease of 3.62% [5]. - The company's total assets reached 17.635 billion yuan, a slight increase of 0.07% from the beginning of the year, while net assets attributable to shareholders grew by 2.24% to 6.850 billion yuan [5]. Group 4: Innovation and Governance - The company is enhancing its innovation capabilities by focusing on key technologies in offshore wind power and collaborating with industry leaders to address operational challenges [6]. - The company is strengthening its governance structure by implementing a comprehensive compliance management system and enhancing internal controls to mitigate operational risks [6][7]. - The company has improved its ESG management, achieving a rating upgrade from BBB to A, reflecting its commitment to sustainable development [7]. Group 5: Investor Relations and Returns - The company is committed to stable dividends, distributing a cash dividend of 0.15 yuan per share, totaling 134 million yuan, which represents approximately 88.15% of the average net profit attributable to shareholders for the period [8]. - The company has engaged in various investor relations activities, including timely responses to inquiries and hosting multiple investor meetings to communicate its value effectively [9][10]. - The company continues to optimize its information disclosure practices, enhancing the readability and understanding of its financial and ESG reports [10].