发布会上，记者提问：山东打造能源绿色低碳转型示范区是未来一段时间的重要任务。请问，下一步山东在新能源发展过程中，将采取什么样的针对性措施 促进新能源消纳？ 二是优化装机结构。山东省光伏发电装机连续8年稳居全国首位，特别是利用农村屋顶建设的分布式光伏数量多、规模大，对带动群众稳定增收、助力乡村 振兴发挥了重要作用。随着光伏快速发展，在午间光伏大发时段，新能源集中出力特征愈发明显，消纳压力与日俱增。风电发电小时数长、白天夜晚均可出 力，可以有效缓解光伏发电带来的"日盈夜亏"电力供应问题。下步，山东省能源局将坚持全域统筹、海陆并进提速风电开发，力争年内建成华能半岛北L、 山东能源渤中G一期等海上风电项目，建成济南国瑞等陆上风电项目；科学评估新能源入市对光伏行业的影响，合理保持光伏发电发展节奏，在提升绿电供 给能力的同时，更好发挥风光互补特性，促进新能源消纳利用。 对此，山东省能源局党组成员、副局长孟凡志介绍，山东省委、省政府高度重视能源绿色低碳转型，多措并举推动新能源实现跨越式发展，"十四五"以来年 均增速达到25%。在提速发展新能源的同时，山东省能源局持续深化体制机制改革，协同推进调节资源和电网工程建设，不断提升 ...

股票代码：600674 股票简称：川投能源 公告编号：2025-030 号 四川川投能源股份有限公司 关于对参股公司增资暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性 承担个别及连带责任。 为推进项目建设，保障项目建设资金要求，公司拟按持股比例 向雅砻江公司增资 16.32 亿元。根据《上海证券交易所股票上市规 则》的相关规定，雅砻江公司系公司的关联法人，本次增资构成关 联交易，不构成《上市公司重大资产重组管理办法》规定的重大资 产重组。 （二）本次交易履行的审批程序 本次交易已于 2025 年 5 月 13 日经独立董事专门会议审议通过； 于 2025 年 5 月 14 日经第十一届三十九次董事会审议通过。本次关 联交易无需提交股东大会审议。 （三）过去 12 个月关联交易情况 公司于 2024 年 10 月 29 日召开 2024 年第一次临时股东大会， 审议通过了《关于与国投电力签订向雅砻江公司增资事宜之协议关 联交易的提案报告》，详见于公司在 2024 年 10 月 14 日披露的《四 川川投能源股份有限公司关于签 ...

Investment Rating - The investment rating for Guotou Electric Power is "Buy" [1] Core Views - The company reported stable performance in 2024 with a revenue of 57.819 billion yuan, a year-on-year increase of 1.95%, and a net profit attributable to shareholders of 6.643 billion yuan, a slight decline of 0.92% [2][4] - The company’s hydropower segment showed significant growth due to abundant water resources, while thermal power benefited from new unit production and reduced coal costs, leading to a notable recovery in profitability [2][6] - The outlook for the company remains positive, with expectations of significant growth in hydropower performance and continued improvement in thermal power due to increased electricity generation and cost reductions [8] Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 57.819 billion yuan, with a net profit of 6.643 billion yuan, and cash flow from operating activities increased by 15.93% to 24.657 billion yuan [2][7] - For Q1 2025, the company reported revenue of 13.122 billion yuan, a year-on-year decrease of 6.99%, but net profit increased by 2.01% to 2.078 billion yuan [2] Segment Analysis - Hydropower: In 2024, the hydropower segment generated revenue of 26.624 billion yuan, a 4.1% increase, with a gross profit of 16.395 billion yuan, up 6.6% [4] - Thermal Power: The thermal power segment saw revenue of 21.775 billion yuan, a decline of 4.8%, but gross profit increased by 20.5% to 2.972 billion yuan [4] - New Energy: Revenue from new energy was 4.848 billion yuan, a 6.4% increase, but gross profit decreased by 13% to 2.234 billion yuan [4] Future Outlook - The company is expected to see significant growth in hydropower due to improved water conditions and the release of generation capacity from new projects [6][8] - The forecast for net profit from 2025 to 2027 is 7.188 billion yuan, 7.477 billion yuan, and 7.623 billion yuan, respectively, indicating growth rates of 8.2%, 4.0%, and 2.0% [8]

Investment Rating - The investment rating for Guotou Electric Power is "Buy" [1] Core Views - The company reported stable performance in 2024 with a revenue of 57.819 billion yuan, a year-on-year increase of 1.95%, and a net profit attributable to shareholders of 6.643 billion yuan, a slight decline of 0.92% [1][2] - The company’s cash flow from operating activities increased by 15.93% to 24.657 billion yuan, indicating strong operational efficiency [2] - The hydropower segment benefited from abundant water resources, leading to a significant increase in electricity generation, while thermal power saw a recovery in profitability due to lower coal costs [2][4] Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 57.819 billion yuan, with a net profit of 6.643 billion yuan, and a basic earnings per share (EPS) of 0.87 yuan [1][7] - The fourth quarter of 2024 saw a revenue of 13.424 billion yuan, a decrease of 5.22% year-on-year, and a net profit of 0.652 billion yuan, down 90% [1][2] - For Q1 2025, the company reported revenue of 13.122 billion yuan, a decline of 6.99%, but a net profit of 2.078 billion yuan, an increase of 2.01% year-on-year [2] Segment Performance - Hydropower revenue in 2024 was 26.624 billion yuan, up 4.1%, with a gross profit of 16.395 billion yuan, up 6.6% [4] - Thermal power revenue decreased by 4.8% to 21.775 billion yuan, but gross profit increased by 20.5% to 2.972 billion yuan [4] - New energy revenue was 4.848 billion yuan, a growth of 6.4%, but gross profit fell by 13% to 2.234 billion yuan [4] Future Outlook - The company is expected to see significant growth in hydropower due to improved water conditions and the release of generation capacity from new plants [6][8] - The forecast for net profit from 2025 to 2027 is 7.188 billion yuan, 7.477 billion yuan, and 7.623 billion yuan, respectively, with corresponding growth rates of 8.2%, 4.0%, and 2.0% [8] - The company plans to increase its new energy capacity significantly, with a target of 1,472 MW by the end of the "14th Five-Year Plan" [8]