CHANGYUAN POWER(SZ:000966)2024-05-17 08:25Group 1: Event Overview - The company participated in the "Quality Improvement and Efficiency Enhancement" online investor reception day on May 16, 2024, from 14:30 to 16:00 [2] - The event was guided by the Hubei Securities Regulatory Bureau and hosted by the Hubei Listed Companies Association [2] Group 2: Company Strategy and Development - The company aims to reduce its coal power share, currently at approximately 80%, by promoting wind and solar energy, targeting over 400,000 kW of renewable energy capacity by the end of the 14th Five-Year Plan [3] - By the end of the 15th Five-Year Plan, the company plans to increase the share of clean energy to over 40% [3] Group 3: Financial and Operational Updates - The company’s stock issuance project was approved on January 10, 2024, and is currently awaiting registration approval from the China Securities Regulatory Commission [3] - In 2023, the average electricity price slightly decreased compared to the previous year due to market conditions [4] - The company’s long-term coal procurement accounted for 87% of total coal purchases in 2023, with the remaining 13% from the spot market [4] Group 4: Shareholder Returns and Policies - The company adheres to a cash dividend policy, distributing at least 30% of the annual distributable profit, with a proposed dividend of 0.39 yuan per 10 shares for 2023, totaling approximately 10,722.38 million yuan, which is 30.72% of the distributable profit [4] - The new capacity pricing policy in Hubei, effective from 2024, sets the capacity price at 100 yuan per kW per year, which is expected to stabilize the company's operational performance [4]