JEP(SZ:000875)2025-05-27 09:46Group 1: Company Performance and Strategy - The company aims to achieve a total installed capacity of 20 GW by 2025, with 90% from clean energy sources. As of the end of 2024, the company has 11 GW of clean energy and 3 GW of coal power [2] - The company plans to add 2 million kW of new installed capacity in 2025 [2] - The company is focused on enhancing its core capabilities in investment, development, construction, technology, innovation, and operation [2] Group 2: Green Hydrogen Project - The Daan green hydrogen project is set to commence production in July 2025, with ongoing negotiations with multiple potential users, particularly in the EU, Japan, and South Korea [1][3] - The price of green ammonia is currently 50% higher than that of synthetic ammonia, and the company is targeting a green premium for its products [1][3] Group 3: Financial Performance and Challenges - As of Q1 2025, the company's accounts receivable stood at 12 billion CNY, accounting for 75% of current assets, primarily due to receivables from green electricity subsidies [4] - The company reported a net profit increase of 110 million CNY, 80 million CNY, and 130 million CNY in the first three quarters of 2024 compared to the same periods in 2023, but faced a loss of 140 million CNY in Q4 2024 due to increased asset impairment [4] Group 4: Market Position and Investor Relations - The company maintains open communication with investors and emphasizes its commitment to ESG (Environmental, Social, and Governance) practices [2] - The company has been recognized for its Daan project as a "clean and low-carbon hydrogen innovation application project" by the National Development and Reform Commission [3]