Group 1: Company Development and Scale - As of now, the company's operational installed capacity is 19.4455 million kW, with wind power capacity at 3.936 million kW and photovoltaic capacity at 15.3095 million kW [2] - In the first quarter of 2025, the company participated in market-oriented transactions at a rate of approximately 70% [2] Group 2: Financial Performance and Subsidies - In 2024, the company recovered a total of 790 million yuan in renewable energy price subsidies, with 60 million yuan recovered in the first quarter of 2025 [2] - As of the end of 2024, the company's accounts receivable balance was 6.251 billion yuan, of which 6.238 billion yuan were price subsidy receivables [3] Group 3: Future Projects and Planning - The company plans to start over 16 million kW of new energy projects in 2025, with current projects under construction totaling 12.29 million kW, primarily distributed in regions such as Xinjiang, Qinghai, Gansu, Shandong, and Guangdong [2] - The company is actively planning its "14th Five-Year" and "15th Five-Year" plans, considering the impact of policy documents on the renewable energy sector [3] Group 4: Investment Decision Metrics - The company ensures that the capital return rate for project investments is not less than 7%, taking into account investment costs, expected electricity prices, and financing costs [3]