On April 11, Beijing Energy International Holdings Limited (Stock Code: 00686.HK) successfully held its 2023 Annual Performance Exchange Meeting in Hong Kong, both online and offline, attracting the attention and participation of a number of renowned domestic and international investment analysts and institutional investors. Zhang Ping, chairman of Beijing Energy International, along with senior vice president Liu Dongsheng and CFO Huang Hui, attended the meeting to present the company’s business developments to investors.
During the meeting, Zhang Ping presented the latest business developments. As of the end of 2023, the company owns 140 solar power plants, 28 wind power plants, and 26 hydropower plants. Moreover, it holds stakes in 2 solar power plants, 1 wind power plant, and 2 hydropower plants through joint ventures. With operations covering 31 provinces in China and extending to international markets like Australia, Vietnam, and RCEP countries, among others, this diversified portfolio establishes a robust footing for the company’s sustainable growth in the years ahead.
During the reporting period, the company’s grid-connected installed capacity and asset scale continued to rise. By the end of 2023, the company’s total grid-connected installed capacity exceeded 9GW, with assets totaling approximately RMB 90 billion. The company has ample reserve projects domestically, with a target of 22GW installed capacity by 2025. With significant reserves, its first-tier reserve projects reach 4.6GW and second-tier reserve projects reach 50GW. In Inner Mongolia and Jilin, it holds over 25GW of sufficient third-tier reserve projects, mainly for large-scale clean energy base projects and regional clustering projects, which strongly support future expansion.
Huang Hui reported the company’s performance for the year 2023 to the attendees. In recent years, there has been a significant growth in revenue. Specifically, the company achieved an operating revenue of 5.568 billion yuan in 2023, representing a 35% increase compared to the previous year, with a total profit of 654 million yuan, marking a 5% growth. Concurrently, the company’s capital structure has been continuously optimized, with total assets witnessing significant growth over the past four years, reaching 90.036 billion yuan by 2023, nearly quadrupling the asset scale compared to 2020.
Liu Dongsheng introduced the company’s future development opportunities during the meeting. Over the past decade, China’s renewable energy development has been rapid, and market forecasts suggest it will continue to play an important role in the country’s energy sector, with enormous potential.
The company continues to focus on benefits, adhering to high-quality development; centering on the development of large base projects and high-yield collaborative projects, accelerating the expansion of emerging and diversified business layouts. Additionally, it will continue to promote equity financing, optimize financial structures, and ensure sustainable and healthy development. Through comprehensive strategic layout and continuous innovation, it is expected to achieve even faster development.
The success of this Annual Performance Exchange Meeting marks a new breakthrough for the company in business expansion and capital operation, demonstrating its strong development momentum in the renewable energy. In the future, the company will continue to promote the development of clean energy, achieving sustainable development and win-win outcome.
