JEI(SZ:000600)2025-11-03 09:46Financial Performance - As of September 2025, the total assets of the company reached 482.27 billion yuan, a year-on-year increase of 2.31% [2] - The net profit attributable to shareholders was 15.83 billion yuan, reflecting a significant year-on-year growth of 231.79% [2] - The operating revenue for the first three quarters decreased by 3.73%, amounting to a reduction of 164.82 million yuan [2] Operational Metrics - The company's power generation for the first three quarters was 390.34 billion kilowatt-hours, a decrease of 3.43% year-on-year [2] - The average utilization hours of power generation units were 3,163 hours, down by 188 hours compared to the previous year [2] - The average on-grid electricity settlement price was 435.22 yuan per megawatt-hour (including tax), a decrease of 0.61% year-on-year [2] Market Conditions - The comprehensive standard coal price was 690.87 yuan per ton, down 16.54% year-on-year [3] - The coal market price has stabilized due to balanced supply and demand, despite a recent upward trend influenced by seasonal factors [3] Future Projects and Strategy - Ongoing construction projects include the Xibaipo Power Plant Phase IV (1,000 MW) and the Renqiu Heat Plant Phase II (700 MW), expected to be operational by 2026 [4] - The company aims to enhance its energy business during the 14th Five-Year Plan, focusing on a dual-wing strategy of thermal power and renewable energy [4] Investor Relations and Dividends - The company has increased its profit distribution policy for 2025, raising the proportion of distributable profits to 50% [4] - A cash dividend of 1.00 yuan per 10 shares is proposed for the first three quarters of 2025, totaling approximately 1.8 billion yuan [4]