Incidents:

According to the company's announcement, based on preliminary statistics, the combined total electricity sales volume of the Company and its subsidiaries in July 2024 was 12,243,061 megawatt-hours, an increase of 29.22% over the same period last year; while the combined total sales volume for the first seven months of 2024 was 76,587,215 megawatt-hours, an increase of 32.65% over the same period last year.

Review opinions:

Hydropower was significantly +197.44% year over year, wind power +51.35% year over year, and photovoltaic +88% year over year:

In July, the company's overall electricity sales data performed well. With the exception of thermal power, which fell 16.31% year on year, all other types of power generation showed a significant increase of +197.44% year over year. With poor overall wind resources and rising wind power limits this year, the company's wind power ratio was +51.35% and PV +88% year over year, which was significantly superior to comparable companies in the same industry, mainly due to the incremental contribution brought by the company's acquisition of parent company assets last year and the growth of self-built landscape installations. Earlier, the company announced that the 2024H1 net profit will be between RMB 2.68 billion and RMB 2.87 billion, an increase of about 45% to 55% over the same period in 2023. It is expected that the company will also perform well for the full year of 2024. The company's diverse power generation portfolio, such as scenery, water and fire, has significant advantages, so it is recommended to focus on it.