XCEP(600505)2023-11-14 10:21Group 1: Company Overview - The company's photovoltaic power generation project has an installed capacity of 39,400 kW [2] - The company plans to increase the proportion of its photovoltaic new energy business [2] - The region has abundant renewable energy resources, including water, photovoltaic, and wind resources [2] Group 2: Impact of Water Resources - The company has been significantly affected by water resource depletion, which is expected to last until early June 2024 [2] - During the wet season, the company plans to fill the Wadu Reservoir for use during the dry season [2] - Equipment maintenance will be scheduled during the dry season to ensure full capacity during the wet season [2] Group 3: Financial Performance - As of September 2023, the net profit attributable to the parent company was -40,263,986.63 yuan [2] - The drought situation is expected to impact the profitability of the Kangwu Power Station [2] Group 4: Long-term Development Strategy - The company aims for high-quality transformation and development, guided by Xi Jinping's thoughts and the spirit of the 20th National Congress [2] - The company is assessing the grid's capacity to accommodate renewable energy sources [2] Group 5: Electricity Generation and Sales - The self-generated and purchased electricity from January to September exceeded the sales volume [2] - The sales volume is derived from self-generated hydropower and small hydropower within the grid [2]