State Power Rixin Technology (SZ:301162)2024-02-23 12:28Group 1: Market Overview - The national power generation capacity is expected to reach 3.25 billion kilowatts by the end of the year, with a year-on-year increase of approximately 2% [2] - The share of coal power is projected to decrease to 37%, with renewable energy sources like wind and solar expected to exceed coal power capacity [2] - The new energy installed capacity market is anticipated to show steady growth in 2024, with an addition of around 200 million kilowatts of new wind and solar installations [2] Group 2: Company Performance - By the end of 2023, the company served 2,958 new energy power stations, meeting its development goals for the year [2] - The renewal rate for the company's power forecasting services remains above 95% as of Q3 2023 [3] - The company has participated in power forecasting accuracy competitions, ranking among the top in the industry, showcasing its technical advantages [3] Group 3: Product and Service Development - The company is expanding its product offerings in the electricity trading market, focusing on core pain points of trading users and providing multi-dimensional data prediction services [4] - Key products include decision-making support services for electricity trading and data services, primarily targeting new energy power station clients [4] - The company is also developing commercial energy storage and distributed photovoltaic projects, with a new subsidiary established in July 2023 to implement these initiatives [4] Group 4: Future Plans - The company plans to fully subscribe to its upcoming non-public issuance of A-shares, which has been approved by the shareholders' meeting and is pending regulatory approval [4]