GED(000539)2024-09-23 07:32Group 1: Electricity Generation and Supply - In the first half of 2024, the company achieved a total on-grid electricity generation of 53.904 billion kWh, a year-on-year increase of 0.84% [2] - The total electricity consumption in Guangdong Province for the first half of 2024 was 413.42 billion kWh, representing a year-on-year increase of 8.5% [2] - The company's gas-fired electricity generation increased to 11.067 billion kWh, a year-on-year increase of 31.75% [3] Group 2: Financial Performance - The company's operating revenue grew by 18.50% year-on-year, primarily due to the increase in electricity generation from newly commissioned units [3] - Excluding the impact of newly commissioned units, the gas-fired electricity generation decreased by approximately 5% year-on-year [3] - The average electricity price for gas-fired generation decreased by about 11% year-on-year, leading to a revenue decline of approximately 180 million yuan and a net profit decrease of about 130 million yuan [3] Group 3: Project Development and Future Plans - The company has 8 million kW of coal-fired projects under construction, expected to be commissioned between 2025 and 2027 [3] - In 2024, the company has already commissioned gas-fired units totaling 3.96 million kW, with an additional 2.69 million kW of gas-fired projects under construction, expected to be commissioned between 2024 and 2025 [3] - The company plans to invest 24.007 billion yuan in 2024, focusing on coal power, renewable energy, technological upgrades, and project acquisitions [3] Group 4: Financing and Capital Expenditure - The company aims to strengthen financial cooperation with credit institutions and utilize direct financing channels to enhance overall financial resources [3] - In 2023, the company's wholly-owned subsidiary raised 4.5 billion yuan through public listing to attract six strategic investors [3]