JEI(000600)2024-10-30 09:05Group 1: Operational Performance - In the first three quarters of 2024, the company achieved a total power generation of 59.13 billion kWh, an increase of 16.70% year-on-year [1] - The thermal power generation reached 35.632 billion kWh, with a year-on-year increase of 16.35% [1] - The average utilization hours of generating units increased by 119 hours to 3,410 hours [1] Group 2: Financial Metrics - The average on-grid settlement price was 397.17 RMB/MWh (excluding tax), a decrease of 0.77% year-on-year [1] - The average comprehensive standard coal price was 847.03 RMB/ton, down 8.53% year-on-year [1] - The sales volume of heat reached 4,409.30 million GJ, an increase of 27.03% year-on-year [1] Group 3: Future Projects and Developments - The company plans to start construction on two major thermal power projects by the end of 2024, with a total capacity of 2 × 66 MW and 2 × 35 MW [2] - Additional projects include the expansion of several thermal power plants, expected to be operational by 2026, increasing the company's thermal power capacity [2] - The company has operational photovoltaic projects with a capacity of 306 MW and ongoing projects totaling 900 MW [2] Group 4: Market and Regulatory Environment - The capacity electricity price in Hebei Province is set at 100 RMB/kW annually, with monthly settlements based on maximum output [2] - The company is preparing for new trading models as the national pilot for spot trading progresses [3] - The company emphasizes the importance of coal power in ensuring energy security and is adapting to new market conditions [3]