Core Viewpoint - Jiangsu Xukang Energy Co., Ltd. (referred to as "Sunan Co., 600925.SH") has made significant progress in its Uralai 2×1000MW high-efficiency ultra-supercritical coal-fired power generation project, with the 1 unit (1000MW) successfully completing 168 hours of full-load trial operation and officially entering commercial operation on September 24, 2025 [1] Group 1: Project Progress - The Uralai project is part of the "Mengdian Song Su" project, which is a key component of China's "West-to-East Power Transmission" strategy, converting Inner Mongolia's energy advantages into economic benefits while meeting Jiangsu's growing electricity demand [1][2] - The newly operational unit has been included in the fourth batch of major technological equipment in the energy sector announced by the National Energy Administration, featuring innovative combustion technology for stable, efficient, and clean burning of high-moisture, low-calorific lignite [2] Group 2: Market Impact - The commercial operation of the new unit is expected to enhance Jiangsu's energy security and strengthen Sunan Co.'s strategic position in the regional energy security system, potentially opening new profit avenues for the company [2] - The lignite unit offers significant advantages in fuel cost control compared to bituminous coal units, and it has achieved notable optimization in key economic and technical indicators such as unit construction cost, power generation coal consumption, and operational efficiency [2] Group 3: Business Development - Sunan Co. has been advancing its coal, thermal power, and new energy businesses simultaneously, with recent approvals for expanding coal production capacity and multiple new energy projects, including solar and storage initiatives, now operational [3] - The company aims to continue optimizing its industrial layout centered on coal, coal power, and new energy, while increasing the proportion of green energy to contribute to the development of a new energy system and support regional economic growth [3]