TEC(SH:600780) Sou Hu Cai Jing·2025-09-20 21:17Core Viewpoint - Tongbao Energy's stock price has decreased by 1.87% to 5.78 yuan, with a market capitalization of 6.627 billion yuan, ranking 66th in the power sector and 2651st in the A-share market [1] Group 1: Company Development and Strategy - The company currently has no plans for energy storage projects but will evaluate future opportunities based on national policy and project feasibility [1] - The company has experienced rapid revenue and net profit growth since 2022, doubling its market value, but has seen a decline in market value by the end of 2023. It follows the CSRC's guidelines for market value management [1][3] - The company prioritizes local resource development for renewable energy projects, focusing on wind and solar energy within its home province [1][3] Group 2: ESG and Corporate Governance - The company is committed to green energy and sustainable development, focusing on energy transition, environmental protection, and employee welfare [2] - There are currently no plans for an equity incentive program to attract and retain core talent [2] - The company did not distribute dividends in 2024 to ensure funding for new clean energy projects, but it will consider future dividend plans based on profitability and funding needs [2][3] Group 3: Financial Management and Capital Expenditure - The company has sufficient cash reserves due to effective fund management and plans to allocate future capital expenditures primarily for new project investments and technological upgrades [4]