Core Insights - Recent research by Dunhe Asset Management focused on the listed company Waneng Electric Power, highlighting stable operational data and a positive outlook due to a high proportion of long-term contracts and stable settlement prices [1] Group 1: Company Performance - Waneng Electric Power's operational data, including electricity generation, has shown a steady improvement compared to the first quarter, supported by a high percentage of long-term contracts [1] - During the peak summer period, the company has committed to fulfilling its social responsibilities by ensuring maximum output from its power generation units and effectively managing gas-fired power generation [1] - The cost of coal procurement in the second quarter has decreased significantly compared to the first quarter, with procurement categorized into long-term contracts, market agreements, and spot purchases [1] Group 2: New Energy Initiatives - The construction of new energy projects is progressing as planned, with a focus on the establishment of the compact fusion energy experimental device (BEST) [1] - The establishment of the company "Fusion New Energy" two years ago aligns with the growing support from the capital market and government for controllable nuclear fusion, with an expected capital increase to 14.5 billion yuan by June 2024 [1]

Group 1 - The core viewpoint of the news is that Anhui Energy (皖能电力) has shown stable operational performance in the second quarter, benefiting from a high proportion of long-term contracts and stable settlement prices [1] - Anhui Energy's electricity generation and operational data have maintained a positive trend compared to the first quarter, with the company actively fulfilling social responsibilities during the peak summer period [1] - The company has diversified its coal procurement into long-term contracts, market agreements, and spot purchases, with a significant reduction in coal procurement costs year-on-year in the second quarter [1] Group 2 - The construction of new energy projects is progressing as planned, with the establishment of the Fusion Energy Company reflecting increased support from the capital market and government for controllable nuclear fusion over the past two years [1] - The Fusion Energy Company aims to complete a capital increase and expansion by June 2024, reaching a scale of 14.5 billion, focusing on the construction of a compact fusion energy experimental device (BEST device) [1]