Xintian Company held its 2023 annual performance conference in Hong Kong.

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Xintian Company held its 2023 annual performance conference in Hong Kong.

  On the morning of March 27th, Xintian Company held its 2023 annual performance conference in Hong Kong. Tan Jianxin, president of Xintian Company, attended the conference with the performance release team. The performance conference has attracted wide attention in the capital market. More than 50 people attended the conference, including brokerage analysts such as Morgan Stanley, Citigroup, () and Industrial Securities, institutional investors such as Ningquan Assets, Siye Investment and Bank of China Financial Management, and a number of financial media.

  At the press conference, Xintian Company introduced the company’s operating performance in 2023 to investors: the pre-tax profit was RMB 3.368 billion, up 2.22% year-on-year; In the wind power sector, the annual power generation was 14.081 billion kWh, up by 0.35% year-on-year. The installed capacity of wind power management was increased by 481.9 MW, the approved capacity was increased by 1,441.75 MW, and the cumulative approved capacity of non-started projects was 2,957.8 MW. In the gas sector, the annual gas transmission capacity was 5.114 billion cubic meters, up 13.63% year-on-year, and 1,394.34 kilometers of new pipelines were added. At the same time, the conference focused on some issues of concern to the capital market, such as the recovery of renewable energy subsidies, the level of market-oriented transaction electricity prices, capital expenditures, the installed capacity planning for the next three years, the future development planning of offshore wind power, and the progress of LNG projects of the company. In addition, the company’s performance release team looks forward to the work in 2024. The company will continue to promote the layout of wind power and photovoltaic projects in and outside Hebei Province in accordance with the idea of regional scale development, and actively promote the integration and development of various energy sources. Relying on its own geographical advantages, we will actively plan to participate in the upstream, promote the improvement of the pipeline network construction in the middle reaches, select the best and develop the downstream steadily, and gradually build a leading comprehensive natural gas operation model in China.

  This performance conference won the high recognition and support of the participants, further enhanced the attention and understanding of the capital market to the company, and strengthened investors’ confidence in the long-term development of the company. Based on the present situation, the company will continue to work hard to comprehensively promote high-quality development, comprehensively expand the development layout, significantly improve the management level, continuously enhance the core competitiveness, and strive to continuously create a stable return on investment for shareholders.

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