Shenzhen Energy(SZ:000027)2025-06-05 09:00Group 1: Energy Structure and Revenue - As of the end of 2024, the company's non-coal energy installed capacity ratio has reached 74.63%, with a target to exceed 70% by the end of the 14th Five-Year Plan [1] - The company's thermal power business still contributes the majority of revenue, despite an increase in the share of new energy installations to 35% [1] - In 2024, the proportion of revenue from outside the province is expected to rise to 28%, primarily from the Northwest wind power projects [1] Group 2: Strategic Expansion Plans - The company plans to focus on distributed photovoltaic and integrated smart energy projects in its home base of Shenzhen, aiming to create demonstration projects that serve urban and public needs [1] - In the Guangdong-Hong Kong-Macao Greater Bay Area, the company will leverage offshore wind power projects to overcome development bottlenecks [1] - The company is also preparing to establish new energy bases in traditional advantageous regions such as Northwest and North China, focusing on resource development and flexible transformation of thermal power plants [1] Group 3: Debt Structure Optimization - The company is actively working to optimize its debt structure by issuing low-cost bonds, promoting the use of letters of credit, and replacing high-interest existing debt [2] - There are no current plans for pre-REITs, but the company will disclose any related plans in accordance with legal requirements [2]