JEP(SZ:000875)2025-12-17 11:02Group 1: Company Overview and Transition - Jilin Electric Power Co., Ltd. is controlled by State Power Investment Corporation and has transitioned from a traditional thermal power company to a national clean energy enterprise focused on renewable energy [2]. - The company aims to enhance operational performance and promote high-quality development by focusing on "new energy+" and green hydrogen energy [2]. Group 2: Revenue Composition - Currently, the revenue from the renewable energy sector (including wind and solar) accounts for over 50% of the company's total revenue [2][3]. - The revenue composition is expected to align with the company's semi-annual report levels due to the investment cycle of thermal power [3]. Group 3: Hydrogen Energy Development - The company is actively involved in the hydrogen energy sector, which is seen as a key driver for green and low-carbon energy transition [3]. - Jilin Electric Power is focusing on core technology breakthroughs and innovation in hydrogen energy, aligning with national strategic directives [3]. Group 4: Project Updates - The Daan wind-solar hydrogen production and ammonia synthesis project began trial operations on July 26, 2025, with stable production performance [3]. - The Lishu green methanol project has completed investment decisions and is expected to have a construction period of 27 months [3]. Group 5: Certification and Expansion Plans - The company obtained ISCC EU certification for non-biological renewable ammonia in October 2025 [3]. - Jilin Electric Power is implementing a "three-three-three" development strategy to establish green ammonia, green methanol, and green aviation fuel product lines, with a focus on domestic and international strategic layouts [3]. Group 6: Financial Performance - As of September 30, 2025, the company has recovered 1.497 billion yuan in renewable energy subsidies, with an improved recovery rate compared to previous years [4].