Core Viewpoint - The company is advancing its organic heat carrier boiler decarbonization project, which replaces natural gas heating with biomass fuel, and is on track to meet its expected timeline [1] Financial Impact - The project is expected to save fuel costs of 23.549 million yuan annually [1] - Total cost expenses are projected to decrease by 19.8547 million yuan [1] - The project is anticipated to generate an additional net profit of 14.9939 million yuan per year after completion [1]

Core Points - Longyuan Power announced on November 21 that it received a bid notification from the National Energy Group International Engineering Consulting Co., Ltd., confirming Yantai Longyuan Power Technology Co., Ltd. as the winning bidder for the EPC project of biomass gasification and coal coupling carbon reduction flexibility transformation for its subsidiary, Jingmen Company, with a bid amount of 142.68696 million yuan [1] Group 1 - The project is valued at 142.68696 million yuan [1] - Yantai Longyuan is a related party as it is indirectly controlled by the company's controlling shareholder, the National Energy Group [1] - The transaction is classified as a related party transaction and does not require board or shareholder approval [1]