Core Viewpoint - Gansu Energy is actively expanding its industrial layout by investing approximately 4.089 billion yuan in a 1 million kilowatt integrated wind and solar power project through its subsidiary, aiming to increase its renewable energy generation capacity [2][3][4]. Investment and Project Details - The investment for the Minqin 1 million kilowatt wind-solar integrated project is approximately 4.089 billion yuan, with 20% funded by equity and the remainder through bank loans [3][4]. - The project includes the construction of a 500 MW wind farm and a 500 MW solar farm, with a total construction period of 24 months [4]. - The project is expected to have a payback period of 14.91 years and a financial internal rate of return of 6.76%, indicating its profitability potential [4]. Financial Performance - As of June 30, 2025, Gansu Energy's installed generation capacity reached 7.5397 million kilowatts, with a significant contribution from various energy sources [7]. - In the first half of 2025, the company achieved a net profit of 825 million yuan, a 16.87% increase year-on-year, driven by reduced generation costs [10][11]. - The operating cash flow for the first half of 2025 was 2.225 billion yuan, reflecting a 71.25% year-on-year increase, enhancing the company's liquidity [12]. Historical Growth - From 2022 to 2024, Gansu Energy experienced continuous growth in revenue and net profit, with revenues of 2.046 billion yuan, 6.968 billion yuan, and 8.695 billion yuan, and net profits of 302 million yuan, 1.172 billion yuan, and 1.644 billion yuan respectively [9]. - The company has maintained a positive cash flow and has been actively involved in various renewable energy projects, including the acquisition of a 66% stake in Changle Company for 7.628 billion yuan [5][6].