CHINA LONGYUAN(SZ:001289)2025-04-17 10:16Financial Performance - The net profit attributable to shareholders for the year was 63.45 billion RMB, representing a growth of 0.66% compared to 2024 [1] - Earnings per share increased by 2.71% to 0.7535 RMB per share [1] Installed Capacity - In 2024, the company added 7,480.66 MW of new installed capacity, including 2,654.38 MW from wind power and 4,826.28 MW from solar power [1] - As of December 31, 2024, the total installed capacity reached 41,143.20 MW, with wind power accounting for 30,408.77 MW and solar power for 10,698.33 MW [1] Climate Risk Management - The average utilization hours for wind power in 2024 were 2,190 hours, a decrease of 156 hours from 2023, but still 63 hours above the industry average [2] - The company has diversified its project layout across 31 provinces to mitigate climate-related investment risks [2] Engineering and Construction Achievements - In 2024, the company focused on project management and quality control, leading to a 9% decrease in wind power project costs [3][9] - The company received recognition for several projects, including the Tianjin Haijing Salt and Light Complementary Project [3] Financing and Cost Management - The company issued 25 bonds totaling 51.9 billion RMB in 2024, maintaining a competitive funding cost [5] - It actively optimized its financing structure and utilized green finance policies to reduce costs [4] Market and Policy Adaptation - The company is adapting to the market-oriented pricing reforms for renewable energy, which will affect future revenue [6][7] - It plans to enhance its trading capabilities and cost control measures in response to the new pricing mechanisms [7][8] Digital Transformation - The company launched the "Longteng No. 1" smart management platform, enhancing operational efficiency and predictive maintenance capabilities [10] - It aims to leverage digital technologies to improve project management and reduce operational risks [10] Equipment Recycling and Sustainability - The company has initiated a pilot project for recycling wind turbine blades, with an expected processing capacity of 1,000 tons per year [12] - Plans for further research on the recycling of used photovoltaic components and batteries are underway [12] Future Development Directions - The company aims to accelerate the development of large-scale renewable energy bases and offshore projects [14][15] - It has secured development indicators for 14.72 GW, including 6.37 GW from wind and 8.35 GW from solar [16] Green Energy Market Participation - In 2024, the company completed green electricity transactions totaling 6.701 billion kWh, a year-on-year increase of 288.84% [18] - It also traded 10.2354 million green certificates, up 140.83% from the previous year [18] Shareholder Returns - The company plans to maintain a cash dividend ratio of no less than 30% of the annual net profit for 2025-2027 [20] - The dividend for 2024 is set at 0.2278 RMB per share (pre-tax) [20]