JSNE(SH:603693)2024-03-18 08:37Group 1: Investor Relations Activities - The company engaged in 13 investor relations activities in January and February 2024, including 10 through phone and online interactions and 3 at strategy meetings with various financial institutions [1] - Notable institutions involved include Northeast Securities, Minsheng Securities, and several asset management companies [1] Group 2: Offshore Wind Power Project - The Dafeng 850,000 kW offshore wind power project has a shareholding structure where Jiangsu Guoxin Group holds 51%, China Three Gorges Corporation 20%, and China General Nuclear Power Group 17% [2] - The total investment for the project is approximately CNY 10.6 billion, with a grid connection price set at CNY 0.391 per kWh [3] Group 3: Current Projects and Financials - The company’s controlled offshore wind projects have a grid connection price of CNY 0.85 per kWh, while the Shanxi Pinglu photovoltaic project has a price of CNY 0.332 per kWh [3] - For the first nine months of 2023, the net cash flow from operating activities was CNY 7.41 billion, indicating a healthy cash flow situation [3] - As of June 2023, the balance of renewable energy subsidies receivable was approximately CNY 2.448 billion [3] Group 4: Dividend Policy - The company has a consistent and stable profit distribution policy, with cumulative cash dividends of CNY 2.95 billion from 2020 to 2022, representing about 94.32% of the average annual net profit attributable to shareholders during that period [3] Group 5: Electricity Market Pricing - The average transaction price in the Jiangsu electricity market for January 2024 was CNY 427.51 per MWh, with an annual weighted average price of CNY 452.94 per MWh [4]