Core Viewpoint - The company plans to invest in two photovoltaic power generation projects in Hunan Province, with a total installed capacity of 280 MW and a total investment of approximately 1.557 billion yuan, aligning with national renewable energy development goals [1][2]. Investment Projects - The projects include the Xinxu Station Lin-Guang Complementary Photovoltaic Power Generation Project in Xin Tian County and the Chenjiazui Fishing-Guang Complementary Photovoltaic Power Generation Project in Anxiang County [1]. - The funding structure for the Xinxu project is 20% equity and 80% bank loans, while the Chenjiazui project is funded by 30% equity and 70% bank loans [1]. Project Timeline and Financials - The construction period for the Xinxu project is approximately 12 months, and for the Chenjiazui project, it is about 16 months [2]. - Both projects are expected to have a pre-tax internal rate of return that meets the company's investment requirements, indicating good profitability potential [2]. Strategic Importance - The investment is part of the company's strategy to expand its renewable energy capacity, enhance profitability, and support local energy supply while contributing to low-carbon economic development [2][3]. - The company aims to optimize project design and management to improve project returns and reduce costs [3]. Current Operations and Performance - The company primarily engages in thermal power generation, along with hydropower, wind power, and solar energy [3]. - As of June 2024, the company's installed capacity reached 6.6774 million kW, with clean energy accounting for 1.8574 million kW [3]. Financial Outlook - The company anticipates a net loss of 100 million to 120 million yuan for 2024, although this represents a reduction in losses compared to the previous year [4]. - The expected losses are attributed to decreased power generation and high fuel prices impacting the thermal power business [4][5].