HEGC(SZ:000883)2025-07-13 05:38Group 1: Pricing and Market Participation - The company's domestic hydropower projects are priced by the price regulatory authority and currently do not participate in market trading [1] - As of now, Hubei Province has not released supporting details regarding the implementation of the 136 document on market-oriented pricing for renewable energy [1] Group 2: Development Directions and Strategies - During the 14th Five-Year Plan period, the company will focus on renewable energy development, including the construction of three pumped storage projects and the establishment of centralized wind and solar power bases [2] - The company aims to enhance asset returns by optimizing operational processes and leveraging digital intelligence for efficiency improvements [2] Group 3: Market Performance and Pricing Changes - The Hubei electricity spot market transitioned from trial operation to formal operation in June 2025, with a slight decrease in electricity prices for thermal and renewable energy projects compared to the same period last year [2] - The internal rate of return for pumped storage projects is set at 6.5%, with a pricing mechanism that includes prior approval and periodic adjustments [2] Group 4: Shareholder Returns - The company has established a shareholder return plan for the next three years (2024-2026) and emphasizes a stable cash dividend strategy to enhance long-term shareholder value [3]