调研速递|中节能太阳能获中金证券等2家机构调研，透露多项关键要点

Core Insights - The company engaged in discussions with various institutions regarding its operational status and industry conditions for the first half of 2025 [1] Group 1: Operational Plans - The company plans to exceed a total scale of 13.6 GW for photovoltaic power stations, including operational, under construction, and planned projects by the end of 2025 [2] - As of June 30, 2025, the company has approximately 6.535 GW of operational power stations, 2.365 GW under construction, and 2.217 GW planned [2] Group 2: Market Strategies - The company is enhancing its electricity trading team and implementing measures to increase the average market trading price of electricity [2] - Strategies include upgrading trading management, utilizing digital tools, conducting specialized training, and closely monitoring policy changes [2] Group 3: Financial Support - As of August 2025, the company received a total of 2.319 billion yuan in renewable energy subsidies, with 2.252 billion yuan coming from national subsidies [2] - The receipt of subsidies in August has positively impacted the company's financial structure [2] Group 4: Energy Storage Initiatives - The company currently has approximately 1,500 MWh of energy storage primarily for photovoltaic power stations [2] - Future plans include exploring commercial and independent energy storage projects and researching long-duration storage technologies [2] Group 5: International Expansion - The company is focusing on markets in Central Asia and Eastern Europe, having signed cooperation agreements with investment agencies and energy funds [2] - There are ongoing efforts to strengthen the overseas business team and expedite investments in photovoltaic projects along the Belt and Road Initiative [2] Group 6: Share Buyback Progress - As of September 30, 2025, the company has repurchased a total of 10,930,100 shares for approximately 50 million yuan [2] - The company plans to continue share repurchases based on market dynamics within the designated timeframe [2]