Shenzhen Energy(SZ:000027) Chang Jiang Shang Bao·2025-12-29 23:49Core Viewpoint - Shenzhen Energy is investing over 6.82 billion yuan in a compressed air energy storage project, enhancing its position in the renewable energy sector and solidifying its business foundation [1][2]. Investment and Project Details - The total investment for the compressed air energy storage project in Xilin Gol is approximately 6.822 billion yuan, with around 1.394 billion yuan sourced from the company's own funds [2][3]. - The project will involve the construction of three 350 MW compressed air energy storage units, with a total capacity of 4,200 MWh [3]. - The project aims to facilitate the integration of renewable energy sources like wind and solar power, acting as a stabilizer in the new power system [3]. Business Diversification and Strategy - Shenzhen Energy is actively diversifying its business, focusing on low-carbon electricity, ecological protection, integrated gas, and smart services, creating a robust "four-core" business structure [6]. - The company has announced multiple projects, including the upgrade of the Ma Wan Power Plant and the construction of the Honghaiwan offshore wind project, to strengthen its core business [4][5]. - As of mid-2025, the company reported a clean energy installed capacity ratio of 76.22%, indicating significant progress in its transformation towards cleaner energy [6]. Financial Performance - Despite industry cycles, Shenzhen Energy has maintained a stable profit level, with annual net profits exceeding 2 billion yuan from 2021 to 2024 [7]. - The company has a history of consistent cash dividends, totaling 12.497 billion yuan, with an average cash dividend ratio of 34.39% [7].