Jingneng Thermal(SZ:002893)2025-05-29 10:56Group 1: Supply and Pricing - The primary raw material for heating in Beijing is natural gas, with the main supplier being Beijing Gas Group Co., Ltd. The payment model is similar to a prepaid card system for residents [1] - The heating price in Beijing is government-regulated, with a rigid pricing structure for residential heating and a subsidy policy that adjusts based on fuel price fluctuations [2] Group 2: Energy Efficiency and Technology Upgrades - The company is enhancing energy efficiency through smart heating management, optimizing the entire heating system from sources to user terminals, and establishing a data-driven command center [2] - Ongoing projects include comprehensive energy applications, such as the Zhongguancun Life Science Park Phase III and the Zhuxinzhuang Comprehensive Energy Utilization Center, which aim to diversify energy services and strengthen core competitiveness [2] Group 3: Market Value Management - The company plans to utilize cash dividends, equity incentives, and mergers to enhance market value, focusing on value creation and improving the company's fundamentals [3] - Active communication with investors through various platforms is emphasized to convey positive signals and boost investor confidence [3] Group 4: Competition and Future Development - The company is addressing potential competition from subsidiaries of Jingneng Group, with a commitment to resolve any conflicts within 60 months of acquiring control [3] - Future goals include exploring various renewable energy heating methods, expanding market presence both within and outside Beijing, and leveraging capital platforms for financing [3]