Di Yi Cai Jing·2025-09-10 15:06Core Viewpoint - The company plans to invest approximately 18.92 billion in a wind power hydrogen and methanol project in Bayannur City, leveraging local resources and technology to enhance its capabilities in wind power and green chemicals [2][3]. Investment Project Summary - The project involves the construction of a 3GW wind power facility, with over 80% of the generated electricity used for electrolysis to produce green hydrogen, resulting in an annual output of 600,000 tons of green methanol and 400,000 tons of green ammonia [2]. - The investment will be executed in phases based on actual conditions, and the project is subject to government approvals and potential risks related to obtaining development rights [2]. Financial Performance Summary - In the first half of the year, the company reported a revenue of 28.54 billion, a year-on-year increase of 41.26%, and a net profit of 1.49 billion, up 7.26% [3]. - The funding for the project will come from the company's own funds and bank loans, despite facing cash flow pressures, with a net cash flow from operating activities of -2.95 billion as of June 30 [4]. - The company’s cash reserves stood at 9.59 billion, while accounts receivable reached 33.73 billion, accounting for 20.88% of total assets [4]. Market Position Summary - The company achieved a sales capacity of 10,641.44 MW in the first half of the year, a significant increase of 106.60%, with 6MW and above models becoming the main products, showing a 187.01% increase in sales capacity [4]. - According to Bloomberg New Energy Finance, the company is expected to have a domestic wind power installation capacity of 18.67GW in 2024, maintaining a 22% market share, ranking first in China for 14 consecutive years and globally for three years [4].