State Power Rixin Technology (SZ:301162)2024-06-06 10:24Group 1: Company Performance and Market Outlook - As of the end of 2023, the company serves 3,590 renewable energy power stations, maintaining a renewal rate above 90% [2] - The national energy work conference indicates that approximately 200 million kilowatts of new wind and solar capacity will be added in 2024 [2] - The total installed power generation capacity in the country is expected to reach 3.25 billion kilowatts by the end of 2024, representing a year-on-year increase of about 12% [3] Group 2: Industry Trends and Developments - In the first four months of 2024, new wind power installations reached 16.84 GW, a year-on-year increase of 19%, while solar power installations reached 60.11 GW, up 24% [3] - The 2024 edition of the "Basic Rules for Power Market Operation" expands the market scope to cover all power market activities nationwide, unlike the previous version which was limited to specific regions [4] - The new rules introduce innovative trading types, including medium- and long-term trading, spot trading, and capacity trading, to meet the evolving market demands [4] Group 3: Future Business Development - The company anticipates steady growth in its power prediction and energy management services due to increasing complexities in grid management as renewable energy installations rise [4] - The company is actively promoting its products in provinces with established electricity spot trading markets, such as Shanxi, Gansu, Shandong, and Guangdong [5] - Future product designs will focus on providing multi-dimensional core data prediction services to enhance trading strategies for electricity market participants [5]