Financial Performance - The net profit attributable to shareholders is expected to be between 399.66 million yuan and 474.74 million yuan for the first half of 2025, representing a year-on-year increase of 17.70% to 39.83% compared to 339.87 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be between 404.97 million yuan and 478.91 million yuan, up 20.07% to 42.34% from 336.44 million yuan in the previous year [1] - The basic earnings per share are estimated to be between 0.4086 yuan and 0.4854 yuan, compared to 0.3471 yuan in the same period last year [1] Reasons for Growth - The primary reason for the year-on-year growth in the first half of 2025 is the decrease in fuel costs for the company's thermal power plants compared to the same period last year [2] Company Overview - Ganneng Co., Ltd. is a key electric power listed enterprise in Jiangxi Province, focusing on power generation business for many years, with main operations including thermal, hydropower, and renewable energy generation [5] - The company aims to develop a comprehensive electric power enterprise driven by both traditional and renewable energy, integrating power generation, sales, and comprehensive energy services [5] Leadership - The chairman of Ganneng Co., Ltd. is Song Hebin, who has held various positions within the company and the energy sector, including roles in human resources and management [4] - Song Hebin was elected as the chairman of the ninth board of directors on October 24, 2024, with his term starting from the date of the board's approval [4]

Core Viewpoint - Ganneng Co., Ltd. (SZ000899) reported a mixed performance for the fiscal year 2024, with a decline in revenue but significant growth in net profit, primarily due to a decrease in fuel costs for thermal power generation [1][2]. Financial Performance - The company achieved operating revenue of 6.92 billion yuan, a decrease of 2.37% compared to the previous year [1]. - Net profit attributable to shareholders reached 714.05 million yuan, an increase of 45.84% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 688.32 million yuan, reflecting a year-on-year growth of 33.14% [1]. - Basic earnings per share were reported at 0.73 yuan, up 46% from the previous year [1]. Cash Flow and Assets - The net cash flow from operating activities was 1.24 billion yuan, representing a 13.11% increase compared to the previous year [1]. - Total assets at the end of the reporting period amounted to 17.40 billion yuan, with accounts receivable at 762 million yuan [2]. Power Generation Capacity - The installed power generation capacity of Ganneng Co., Ltd. reached 4.1214 million kilowatts, a growth of 6.78% year-on-year [2]. - The total electricity generated during the reporting period was 16.654 billion kilowatt-hours, a decrease of 0.58% compared to the previous year [2]. - Thermal power generation accounted for 15.857 billion kilowatt-hours, down 2.85%, while hydropower generation increased by 29.12% to 337 million kilowatt-hours, and renewable energy generation surged by 177.11% to 460 million kilowatt-hours [2]. Management Compensation - The total remuneration for directors, supervisors, and senior management in 2024 was 6.6804 million yuan, with the highest compensation for the chairman and general manager, Song Hebin, at 882,800 yuan [3][5]. - Song Hebin's salary increased by approximately 81.91% compared to 2022 [5]. Company Overview - Ganneng Co., Ltd. is a key electric power enterprise in Jiangxi Province, focusing on thermal, hydropower, and renewable energy generation, while promoting a synergistic development of traditional and new energy sources [5].