乐山电力20250526

Summary of Leshan Electric Power Conference Call Company Overview - Company: Leshan Electric Power - Industry: Electric Power and Utilities Key Financial Performance - 2024 Revenue: 3.196 billion CNY - 2025 Q1 Profit: Total profit of -1.8709 million CNY, net profit of -1.2038 million CNY, and net profit after non-recurring items of -2.7128 million CNY [2][10] - 2024 Power Generation: 531 million kWh, up 1.74% YoY; Sales volume of 4.692 billion kWh, up 3.52% YoY [3] - Gas Sales: 1.72 million cubic meters, down 2.34% YoY; Water intake of 65.94 million cubic meters, up 7.66% YoY [2][11] Business Segments and Developments - Water and Gas Business: Water business growth offset some declines in gas sales, indicating a need for further optimization of the business structure [2] - Infrastructure Development: New construction and renovation of 5 substations and 104 km of transmission lines, along with upgrades to old gas pipelines and user connections [2][12] - Energy Storage Projects: The company’s 100 MW/200 MWh energy storage project was selected as a pilot project in Sichuan, with user-side storage capacity accounting for 30.56% of the province [2][13] Strategic Initiatives - High-Quality Development Measures: The company has outlined a strategic plan focusing on foundational stability, transformation, and efficiency improvements [4][5] - Technological Innovation: Investment in technology and innovation, including obtaining national high-tech enterprise certification and securing multiple patents [6][8] - Safety Management: Implementation of comprehensive safety management systems to enhance operational safety and management levels [7] Future Outlook - Continued Focus on High-Quality Development: Plans to maintain a focus on modernizing operations, enhancing core competitiveness, and leveraging technology for growth [9][15] - Expansion of New Energy and Platforms: Ongoing efforts to develop new energy projects, including virtual power plants and user-side storage solutions [8][9][13] Internal Control and Governance - Internal Control Evaluation: No significant deficiencies in financial reporting controls were reported, indicating effective internal control operations [14][16] Additional Insights - Green Energy Transactions: The company signed contracts with 938 customers for a total of 7.8 billion kWh, participating in green energy trading [2][13] - Charging Infrastructure: Expansion of charging stations and infrastructure, contributing to service revenue growth [13]