JEI(SZ:000600)2023-05-04 09:12Group 1: Financial Performance - In 2022, the company's power generation decreased by 5.03 billion kWh, a reduction of 55% year-on-year, with an average on-grid electricity price of 110.65 RMB/MWh, down by 11.52% [1] - In Q1 2023, the company completed a power generation of 105.11 billion kWh, a decrease of 1.86% year-on-year, and the heat sales volume was 3,291.35 million GJ, down by 12.60% [1] - The average coal procurement price was 2,289 RMB/ton, with a comprehensive benchmark coal price of 969.53 RMB/ton, which increased year-on-year [1] Group 2: Revenue Composition - The main business of the company is power generation and heating, with electricity and heat production and supply revenue accounting for 97% of total revenue; hotel business contributes 1%, and other revenues, including energy services and trade, account for about 2% [3] - In 2022, the company's market transaction electricity volume accounted for 100% of the total electricity traded in the Hebei region [4] Group 3: Market Conditions and Challenges - The average comprehensive benchmark coal price in Q1 2023 was 1,046.75 RMB/ton, an increase of 8.23% year-on-year, significantly impacting the company's performance [3] - In 2022, extreme weather conditions led to a significant increase in electricity load, with the company participating in inter-provincial electricity spot trading, delivering 668 million kWh to East and Central China, which positively affected performance [3] Group 4: Future Outlook and Strategy - The company plans to optimize existing coal power assets for efficiency and maintain a competitive edge while gradually developing coal power projects in line with regional energy development plans [5] - The company aims to accelerate the transition to a green low-carbon strategy, promoting the coupling development of "coal power + renewable energy + energy storage" and exploring the integration of energy storage and hydrogen energy with existing energy businesses [5]