CHANT GROUP(SZ:002616) Dong Jian Yan Bao·2025-05-15 14:27Group 1: Report Overview - The report is about a research on Changqing Group in the power industry, with a research date of May 15, 2025 [1][2] Group 2: Research Basic Information - The research object is Changqing Group, belonging to the power industry, and the reception time is May 15, 2025. The listed company's reception staff includes the chairman, president, vice - president and financial director, independent director, and vice - president and board secretary [16] Group 3: Detailed Research Institutions - The research institutions include investors who participated in the company's 2024 annual performance online briefing [19] Group 4: Main Content - The company has established a professional team to explore the green materials field by deepening cooperation and innovation with advanced scientific research forces based on existing thermoelectric projects. It will evaluate the market situation for product launch [23] - With the improvement of operating performance, the company's debt ratio has been effectively controlled and is gradually decreasing in the past two years. This year, it will continue to improve operation quality, reduce costs and increase efficiency, and strengthen communication with the capital market [23] - In the 2024 report, the construction - in - progress balance of 139 million yuan: the construction - in - progress of Maoming and other projects are mainly pipelines and supporting facilities of the commissioned projects, and the Xiongxian project is a previously invested project that has been suspended due to national planning and has had impairment provisions. None of them are new investment and development projects [23][24] - The reason for a certain situation (not specified in the question) is the year - on - year decrease in fuel costs and the increase in the amount of VAT refund [25]