The Zhitong Finance App learned that BOC International released a research report stating that the target price of Jingneng Clean Energy (00579) was lowered by 13%, from HK$2.23 to HK$1.94, and the 2023-2025 EPS forecast was lowered by 2%, 17%, and 13%. It is expected that profit in 2024 will drop 4% year on year, with a profit recovery of 25% in 2025, and still maintaining the “buy” rating. In 2024, the Development and Reform Commission adjusted feed-in tariffs for gas power generation in Beijing. It is estimated that the electricity price subsidy portion of the electricity sector's other revenue will drop to zero from about 600 million yuan per year from 2021 to 2023.

At the same time, since the depreciation period for the mainframes of the company's two old power plants is nearing completion, it is estimated that depreciation in the company's gas and electricity sector will drop 15% and 10% year-on-year in 2024 and 2025. The gas and electricity sector will still be able to maintain a net profit level in 2024-2025. Considering that the original estimate of non-fossil energy assembly machines in 2023 may not be as good as expected, the bank predicted 11.0, 14.5, and 18.7 gigawatts of new non-fossil devices built by the company in 2023-2025, which did not include acquisition projects.