Core Insights - The establishment of China's first regional energy storage peak-shaving system in Jiangsu integrates various energy storage technologies, effectively stabilizing grid load fluctuations [1][2] - This system is the most comprehensive and resource-rich energy storage peak-shaving system in China, providing a model for supporting electricity supply in the new power system [1][4] Summary by Sections Energy Storage System Overview - The system combines centralized new energy storage, pumped storage, and electric vehicle grid backup, addressing the challenges posed by the rapid fluctuations in electricity demand due to solar energy generation [1][2] - Jiangsu's maximum electricity load has exceeded 156 million kilowatts, with over 100 million kilowatts of renewable energy connected to the grid [1] Operational Efficiency - The system can centrally call upon over 7.6 million kilowatts of new energy storage and scientifically allocate 3.73 million kilowatts of pumped storage [1] - The innovative electric vehicle grid backup model allows electric vehicles to act as mobile energy storage resources, optimizing their charging and discharging based on grid demand [1][2] Performance Metrics - During the peak summer period, the system has cumulatively called upon various energy storage resources over 14,000 times, with a total charge and discharge volume exceeding 25 billion kilowatt-hours [2] - The maximum peak-shaving power reached over 10 million kilowatts, equivalent to adding ten 1-million-kilowatt thermal power plants to the grid [2] Environmental Impact - The system is projected to facilitate the consumption of over 3.8 billion kilowatt-hours of renewable energy annually, reducing standard coal consumption by 1.11 million tons and cutting carbon dioxide emissions by 2.78 million tons [2] - The successful implementation in Jiangsu demonstrates the effectiveness of a large-scale, intelligent, and diversified energy storage peak-shaving system in addressing the challenges of high renewable energy integration [3][4]

Meeting Details - The annual general meeting of Xintian Green Energy Co., Ltd. is scheduled for June 27, 2025, at 9:30 AM, with online voting available on the same day from 9:15 AM to 3:00 PM [1][2] - The meeting will take place at Yunrui Guobin Hotel, Shijiazhuang, Hebei Province [1] - The meeting is convened by the board of directors and will include shareholders, directors, supervisors, senior management, and legal representatives [1][2] Voting Procedures - Shareholders must arrive between 8:30 AM and 9:30 AM on the meeting day to register [3] - Voting will be conducted through a combination of on-site and online methods, with specific instructions for filling out ballots [3][4] Agenda Items - The meeting will review the 2024 Independent Director's Work Report and several resolutions, including: - Authorization for the board to issue shares [4][5] - Profit distribution proposal for 2024, suggesting a cash dividend of RMB 0.21 per share, totaling a distribution ratio of 52.81% based on the total shares issued [6][7] - Appointment of Ernst & Young Huaming as the auditing firm for 2025, highlighting their experience and independence [8][9][10] Financial Performance - For the fiscal year 2024, the company reported a net profit of RMB 1,672,367,020.97, with total assets reaching RMB 84.016 billion and a net profit attributable to shareholders of RMB 1.672 billion [15][6] Board and Governance - The board consists of 9 members, with recent changes in executive and independent directors [15][19] - The board has held multiple meetings to discuss various operational and strategic matters, ensuring compliance with legal and regulatory requirements [19][21] Future Development Strategies - The company aims to enhance its renewable energy development, focusing on wind and hydrogen energy projects, while also expanding its natural gas supply chain [23][24][27] - Plans include increasing efficiency in existing operations and exploring new markets for LNG and hydrogen [28][27] Investor Relations - The company emphasizes effective communication with shareholders, providing regular updates on financial performance and operational developments [22][29]