Linyang Energy(601222) 搜狐财经·2025-04-27 00:28Core Viewpoint - LinYuan Energy reported a decline in revenue and net profit for 2024, attributed to global economic changes, industry policy adjustments, and market supply-demand imbalances [1] Smart Sector - The smart sector of LinYuan Energy continued to strengthen its domestic market share while expanding overseas, achieving a total bid amount of 1.232 billion yuan in domestic tenders, a year-on-year increase of over 30% [4] - The company secured over 800 million yuan in orders in the Polish market, capturing more than 30% market share, and is actively expanding into Romania, Bulgaria, and Hungary [4] - A joint venture with Saudi ECC was established to deepen market penetration in the Middle East, with a market share exceeding 30% [4] - The company faces geopolitical risks and shipping constraints but is implementing strict credit controls and diversified supply chains to ensure safe operations [4] New Energy Sector - In the new energy sector, LinYuan Energy made significant progress in power station construction and intelligent operation and maintenance, with over 1,245 MW of projects under construction and over 1,145 MW connected to the grid [5] - The company signed cooperation agreements with major state-owned enterprises for project development and product research in the new energy sector [5] - The operation and maintenance capacity increased by 50% year-on-year, with a total installed capacity of signed projects exceeding 18 GW [5] - The company engaged in green electricity trading, achieving a settlement of 61.57 million kWh, with a price increase of 3.1 cents per kWh compared to the benchmark price [5] Energy Storage Sector - The energy storage sector saw a steady increase in delivery scale, with cumulative deliveries exceeding 4.5 GWh and project reserves over 10 GWh by the end of 2024 [6] - The company is actively expanding into core markets in Europe, the Middle East, and Southeast Asia, establishing joint ventures and local service networks [6] - Technological innovation is a core competitive advantage, with upgrades to energy management systems and a 10% reduction in unit manufacturing costs achieved through lean production [6][7] Overall Performance - Despite facing operational pressures, LinYuan Energy is focusing on technology research, cost management, and overseas market expansion to seek new growth points [7] - The company aims to continue advancing its three core business sectors—smart grid, new energy, and energy storage—toward global collaborative development [7]