Group 1 - Iberdrola plans to invest €58 billion (approximately $68 billion) by 2028, focusing on growth in its electricity grid business in the UK and the US [1] - The company aims to transform into a business that emphasizes regulated operations, with two-thirds of its funds directed towards transmission and distribution networks [1] - Expected net profit by 2028 is projected to reach €7.6 billion, with cumulative dividend distribution of approximately €20 billion from 2024 to 2028 [1] Group 2 - The UK will receive the largest share of investment at €20 billion (approximately $24 billion), followed by the US with €16 billion (approximately $19 billion) [1] - An additional €21 billion (approximately $25 billion) will be allocated for generation and customer portfolio, with 75% already invested in ongoing projects [2] - From 2029 to 2031, Iberdrola plans to invest an additional €45 billion (approximately $53 billion), with €30 billion (approximately $35 billion) earmarked for grid construction [2]

Core Points - The company reported a revenue of 1.416 billion yuan and a net profit of 167 million yuan for the first half of 2025, with a basic earnings per share of 0.11 yuan [2] - The company has maintained a stable profit structure, with net profits exceeding 500 million yuan for four consecutive years, indicating consistent profitability [2] - The company focuses on its core business, enhancing operational efficiency and maintaining a stable financial condition [2] Financial Performance - The revenue for the first half of 2025 was 1.416 billion yuan, with a net profit of 167 million yuan and a non-recurring net profit of 161 million yuan [2] - The company proposed a cash dividend distribution plan of 0.35 yuan per 10 shares, totaling approximately 53.78 million yuan, reflecting a cash dividend ratio of 32.24% [3] Business Segments - The company's power grid business is stable, with an increase in sales volume and revenue contribution [2] - The energy-saving business in the distribution network has seen a slight decline in revenue due to the completion of some projects, but overall profits remain stable [2] - The company has a strong investment capability and a solid foundation for sustainable development, with good debt repayment ability and asset quality [2]