Xinjiang Tianfu Energy (SH:600509) Shang Hai Zheng Quan Bao·2025-10-24 19:15Core Viewpoint - Tianfu Energy is actively promoting green transformation and aims to establish a comprehensive clean energy supply system that integrates multiple energy sources, ensuring stable production, transmission, and consumption of green electricity [2][5]. Company Overview - Tianfu Energy, established in 1999 and listed in 2002, has evolved from a traditional thermal power company to a comprehensive energy service provider, covering electricity and heat production, natural gas supply, and urban water supply [3][4]. - The company has developed a unique "factory-network integration" energy system that effectively matches regional energy demand with a highly coordinated supply system [3][4]. Energy Supply and Management - Tianfu Energy operates an integrated model for energy supply, ensuring stable and sustainable provision of electricity, heat, water, and natural gas within its service area [4]. - The company has achieved a high level of synergy among its various business segments, leading to a restructured value chain in energy supply [4]. Renewable Energy Initiatives - Tianfu Energy is committed to becoming a key player in the clean energy sector, with a focus on integrating renewable energy sources into its existing energy framework [5][6]. - The company plans to enhance its energy system's intelligence and flexibility to accommodate a higher proportion of renewable energy, ensuring reliable electricity supply [5][6]. Hydropower and Energy Storage - The company is actively developing hydropower projects on the Manas River, with a current installed capacity of 231 MW and plans for further expansion [7]. - Tianfu Energy is also pursuing large-scale energy storage projects, which are crucial for stabilizing the power grid and facilitating renewable energy consumption [7]. Strategic Goals and Collaborations - Under the national "dual carbon" strategy, Tianfu Energy aims to transition to a new power system dominated by renewable energy, emphasizing collaboration with other energy companies to develop solar projects in resource-rich areas [8][9]. - The company is involved in the construction of new materials industries, such as silicon carbide and photovoltaics, to enhance energy efficiency and clean utilization [9]. Financial Performance and Investor Returns - Since its listing, Tianfu Energy has distributed a total cash dividend of 1.812 billion yuan, with an average dividend payout ratio of 59.07%, reflecting its commitment to investor returns [9].