JEI(SZ:000600)2022-12-03 09:11Power Generation and Electricity Supply - In the first ten months of 2018, Hebei's total power generation reached 2281.3 billion kWh, a year-on-year increase of 5.65% [1] - The total electricity consumption in Hebei during the same period was 3016.2 billion kWh, growing by 6.56% year-on-year [1] - The input electricity was 735.0 billion kWh, with a year-on-year increase of 9.50% [1] Pricing and Market Conditions - The benchmark electricity prices in Hebei are 0.3644 CNY/kWh for the southern grid and 0.372 CNY/kWh for the northern grid [2] - The coal price remains high, putting pressure on thermal power companies; approximately 50% of the coal used by the company is from long-term contracts [3] Profit Margins and Business Development - The gross profit margin for power generation was 18.38%, while the gross profit margin for heating services was -18.58%, a decrease of 20.30% year-on-year [2] - The company is expanding its heating services and has completed several projects to enhance its market presence [2] Clean Energy Initiatives - The company is involved in clean energy projects, including a 300 MW offshore wind farm and a nuclear power project, aiming to gradually increase the share of clean energy in its portfolio [3] Market Transactions - In 2018, the expected market transaction volume for the southern grid is 440 billion kWh, accounting for 25% of the planned volume, while the northern grid is expected to have 300 billion kWh, representing 20% [3] Shareholder Returns - The company has a policy to distribute at least 30% of its distributable profits as cash dividends, with an average dividend payout ratio of 36.14% over the past three years [4]