Jinko Power(601778)2024-04-30 08:28Group 1: Company Performance and Growth - The main reason for the company's performance growth in 2023 is the expansion of its power station scale, leading to increased power generation and revenue [1] - The company completed the transfer of 592 MW of various types of renewable energy power stations during the reporting period [1] - The company expects to maintain a new installed capacity of over 200 GW in the domestic market for 2024, benefiting from reduced upstream costs [2] Group 2: Strategic Plans for 2024 - In 2024, the company will focus on "heavy development, precise engineering, optimized structure, and seeking cooperation," aiming to enhance the transfer of power stations and increase the scale of new installations [2] - The company plans to include household photovoltaic business as a key development area for 2024, alongside existing concentrated and distributed generation businesses [2] - The company will enhance its operational capabilities in response to market changes, focusing on new energy storage, virtual power plants, and integrated energy solutions [2] Group 3: Market Response and Challenges - The company is actively participating in market transactions to stabilize or even increase settlement prices for its power stations [3] - The company acknowledges the regional challenges of renewable energy consumption, particularly in the northwest, and is focusing on project development in areas with better consumption guarantees [3] - The company believes that improvements in market mechanisms and infrastructure will alleviate renewable energy consumption issues over time [3] Group 4: Financial Management and Investor Relations - The company has a strong commitment to returning value to investors, maintaining annual cash dividends and stock buyback plans since its listing [4] - The company expects to support sustained growth through the light asset operation model and increased transfer scale of power stations in 2024 [3]