Jiangsu Guoxin (002608)2024-09-24 12:51Group 1: Company Performance and Market Opportunities - Jiangsu Guoxin's electricity supply from outside the province reached 73.352 billion kWh in the first half of 2024, accounting for 18.9% of the total electricity consumption in Jiangsu, with a year-on-year growth of 10.9% [3] - The construction of a unified national electricity market system presents opportunities for traditional power companies, including an expanded market space for thermal power companies and enhanced resource optimization [3][4] - The company is currently building six 1 million kW units, leading in the province, with projects expected to be operational between late 2024 and mid-2025 [4][5] Group 2: Challenges and Strategic Responses - Traditional power companies face challenges in adapting to market changes, requiring increased market sensitivity and flexible pricing strategies [3] - There is a need for technological innovation and transformation to integrate with renewable energy developments, aiming to reduce carbon emissions and improve energy efficiency [3][5] - Jiangsu Guoxin is committed to deep energy-saving transformations and has achieved ultra-low emissions across its thermal power plants, aligning with stricter environmental standards [5] Group 3: Investment and Dividend Policies - Jiangsu Guoxin emphasizes stable and continuous dividend policies, having distributed a total of 1.511 billion yuan in dividends from 2020 to 2023 [4] - The company is focused on enhancing shareholder returns while ensuring normal operations and long-term development [4] Group 4: Renewable Energy Initiatives - The company is increasing its investment in green energy, with ongoing projects such as a 70 MW photovoltaic project in Shanxi and various distributed photovoltaic projects in Jiangsu [5] - Jiangsu Guoxin holds a 2.17% stake in Jiangsu New Energy, participating in suitable renewable energy projects without direct competition [5]