QYDL(SZ:002039)2022-12-08 08:44Group 1: Company Overview - Guizhou Qianyuan Power Co., Ltd. is primarily a hydropower company with no current plans for developing wind power or other renewable energy sources [2]. - The company’s main assets are depreciated using different methods: direct correlation with power generation uses the workload method, while unrelated fixed assets use the average lifespan method [4]. Group 2: Water Levels and Hydropower Development - The current water level at the Guizhou hydropower station is 743m, compared to 729m during the same period last year [4]. - The development of hydropower projects in Guizhou Province is nearly complete, indicating a high level of resource utilization [4]. Group 3: Water Inflow and Weather Impact - In 2014, the inflow of water in the company's river basins was ahead of schedule, with significant rainfall during the main flood season. In September, inflow was approximately 80% higher than the average due to Typhoon "Haigui" [5]. - The Dongqing area experienced a 40% increase in water inflow, while the Sancha River basin saw a 60% increase [5]. Group 4: Regulatory Environment - There are currently no policies in Guizhou Province regarding "water and fire pricing," but the company is actively advocating for favorable electricity pricing policies [4]. - The Ma Ma Ya power station's first unit is planned to be operational within the year, with the grid price subject to approval from relevant national authorities [4].