WENERGY CO.,LTD.(000543)2025-02-19 09:22Group 1: Power Generation and Pricing - The company's controlled power generation for 2024 is projected to be 60.15 billion kWh, representing a year-on-year increase of over 17% [1] - The increase in power generation is primarily attributed to new projects, including gas power generation in Hefei and coal power generation in Xinjiang, which are expected to contribute significantly to the overall output [1] - The annual trading electricity price in Anhui Province is expected to decrease slightly by over 0.02 CNY/kWh in 2025 [1] Group 2: Coal Supply and Taxation - The expected structure of coal supply is anticipated to remain stable, with long-term contracts and market structure maintaining their respective proportions year-on-year [2] - New power plants in Xinjiang benefit from three tax exemption policies, with the income tax rate expected to be 15% after the exemptions end [2] Group 3: Ongoing Projects and Market Operations - The company has three major projects under construction: Qianyingzi Coal Power Phase II (1,000 MW) expected to be operational this year, a large-scale photovoltaic project in Xinjiang aiming for full capacity connection by Q3, and a wind power project in Suzhou expected to achieve full capacity by the end of the year [2] - The trial operation of continuous spot market settlement began this month, with the proportion of spot electricity expected to be significant [2] - The auxiliary service revenue for 2024 is projected to be slightly over 1.2 billion CNY, primarily from peak-shaving auxiliary services [2]