The Zhitong Finance App learned that on April 11, Beijing Energy International (00686) held the 2023 Annual Performance Conference in Hong Kong through simultaneous online and offline methods, which attracted the attention and participation of many well-known domestic and foreign investment bank analysts and institutional investors. Zhang Ping, chairman of the board of directors of Jingneng International, Liu Dongsheng, senior vice president, and Huang Hui, chief financial officer, attended the meeting to introduce the company's business development to investors.

At the meeting, Zhang Ping introduced the latest developments in the company's business. By the end of 2023, Jingneng International had 140 solar power plants, 28 wind power plants, and 26 hydroelectric power plants, and owned 2 solar power plants, 1 wind power plant, and 2 hydroelectric power plants through joint ventures. The business layout covers 31 different provinces across the country, and has also expanded to overseas new energy markets such as Australia, Vietnam, and RCEP countries. This layout lays a solid foundation for the company's future sustainability.

During the period, the company's grid-connected installed capacity and asset scale continued to rise. By the end of 2023, Jingneng International's total grid-connected installed capacity exceeded 9 GW, with assets of about RMB 90 billion. Among them, the number of domestic reserve projects is sufficient, with an installed capacity target of 22 GW in 2025; the number of reserve projects is sufficient; the number of reserve projects has reached 4.6 GW, and the level 2 reserve project has reached 50 GW. In Inner Mongolia and Jilin, Jingneng International has sufficient three-tier reserve projects of more than 25 GW, mainly large-scale clean energy base projects and regional clustering projects, which strongly support future expansion.

Huang Hui reported the company's performance in 2023 to the participants. In recent years, Jingneng's international revenue has increased markedly. Among them, the company's revenue in 2023 reached 5.568 billion yuan, up 35% year on year; total profit was 654 million yuan, up 5% year on year. At the same time, the company's capital structure continues to be optimized. Total assets have increased significantly over the past four years, increasing to RMB 90,036 billion in 2023, and the asset size has nearly quadrupled from 2020.

Liu Dongsheng introduced the company's future development opportunities at the conference. In the past 10 years, China's renewable energy has developed rapidly, and the market predicts that it will still occupy an important position in China's energy sector in the future and has huge potential.

Jingneng International continues to focus on efficiency and adhere to high-quality development; it focuses on developing large-scale base projects and high-yield collaborative projects to accelerate the expansion of emerging and diversified business layouts. At the same time, the company will continue to promote equity financing, optimize the financial structure, and ensure sustainable and healthy development. I believe that through comprehensive strategic layout and continuous innovation, Jingneng International will usher in more rapid development. In the future, Jingneng International will continue to work hard to promote the development of clean energy and achieve sustainable development and a win-win situation.