Three Gorges Energy released its first semi-annual report after listing

The largest new energy operator in the A-share capital market has disclosed its first semi-annual report after listing, and both revenue and net profit have achieved growth.

Three Gorges Energy said that its wind power and photovoltaic units put into operation in the first half of the year increased, and the amount of electricity connected to the grid increased. Affected by this factor, the net cash flow inflow from the operating activities of Three Gorges Energy during the period increased by 1.693 billion yuan from the same period last year, an increase of 77.42%.

As of the end of June, the total installed capacity of Three Gorges Energy put into production reached 16.437 million kilowatts. Among them, onshore wind power is 7.924 million kilowatts, offshore wind power is 1.487 million kilowatts, and photovoltaic power generation is 6.798 million kilowatts.

The total installed capacity of the Three Gorges Energy projects under construction is 5.228 million kilowatts. Among them, onshore wind power projects are 1.564 million kilowatts, offshore wind power projects are 2.936 million kilowatts, and photovoltaic power generation projects are 722,000 kilowatts.

The company said that in the first half of this year, it has signed cooperation agreements with local governments in Jilin, Chongqing, Hunan, Fujian, Liaoning and other regions, as well as power grid companies, to reserve a batch of high-quality new energy resources.

The future strategic goal of the Three Gorges Group is to build the "Glorious Three Gorges" and "the leader of offshore wind power." Offshore wind power has become the strategic core of its second main business.

According to the financial report, in the first half of this year, the installation of the first phase 300 MW offshore wind power project of Three Gorges Energy Yangjiang Shaba has begun; a single construction vessel in the Yangjiang project of Guangdong has installed 10 large-capacity wind turbines of 6.45 MW in a single month, creating a domestic offshore wind turbine hoisting New record.

The company said that it has established a special collection mechanism for electricity bills, strengthened the overall management of funds, issued bonds or securitized assets based on subsidized electricity bills, and revitalized assets to reduce the debt-to-asset ratio.

In terms of overseas business layout, Three Gorges Energy has established investment platforms in Hong Kong, S.A.R., China and Europe, as a basis for seeking overseas business development.

A few days ago, Three Gorges New Energy Luxembourg, a subsidiary of Three Gorges Energy, completed the delivery of 25% of the Spanish Daylight 572,000-kilowatt photovoltaic power plant asset package project. This is the first overseas new energy investment project that Three Gorges Energy has participated in, marking the official start of the internationalization process of Three Gorges Energy.

Three Gorges Group is the controlling shareholder of Three Gorges Energy, with a direct and indirect shareholding ratio of 74.99%. Three Gorges Group regards new energy business as its second main business, and Three Gorges Energy is the main body of this strategy.

As of the noon closing on August 27, Three Gorges Energy closed at 5.59 yuan per share, up 2.19%.