TYN(SZ:000591)2025-05-29 01:12Group 1: Company Overview and Future Plans - The company aims to exceed a total scale of 13.6 GW for operational, under construction, and planned power stations by the end of 2025, with projected revenue of CNY 5.26 billion and net profit not less than CNY 1.318 billion [2] - The company expects to add approximately 1.5 GW of new installed capacity in 2025, with total investment in photovoltaic power stations estimated at around CNY 6 billion, assuming a cost of CNY 4 per watt [3] Group 2: Market Performance - In 2024, the total electricity traded in the market was 3.283 billion kWh, an increase of 858 million kWh year-on-year, accounting for approximately 47.07% of the company's total sales volume [4] - The average market transaction price was approximately CNY 0.2172 per kWh, excluding subsidies [4] Group 3: Dividend Policy - Over the past three years, the company has distributed a total cash dividend of approximately CNY 1.512 billion, with a dividend payout ratio of about 36% of the average annual net profit attributable to shareholders [5] Group 4: Project Distribution and Acquisition Criteria - Current construction projects are primarily located in East China, Central China, North China, Xinjiang, and South China [6] - The company evaluates acquisition projects based on compliance, yield, and local consumption conditions, focusing on projects that meet compliance requirements, have suitable yields, and present lower risks [8]