HEGC(000883)2025-02-20 11:36Group 1: Financial Performance - In 2023, the company's Peru Chagaya hydropower station incurred losses primarily due to a significant increase in electricity prices during the dry season, leading to higher external electricity purchase costs [1] - The operational situation of the Chagaya hydropower station is expected to improve significantly in 2024 [1] Group 2: Project Management and Profitability - The company ensures the profitability of new projects through comprehensive management across the investment decision, construction, and operational phases [2] - Investment decisions are made cautiously, requiring projects to meet specific return on investment criteria [2] Group 3: Market Participation and Regulatory Updates - Currently, the company's hydropower projects are not participating in the spot market trading as per the relevant regulations [3] - The transfer of equity in Changjiang Securities is pending approval from the China Securities Regulatory Commission [4] Group 4: Production and Revenue Outlook - In January 2025, the company's hydropower generation significantly decreased due to lower water levels and reduced inflow in the Qingjiang River basin compared to the previous year [4] - The company has established a stable dividend mechanism, planning to distribute no less than 30% of the net profit attributable to shareholders in cash annually from 2024 to 2026, barring significant investments or cash expenditures [5][6]