On March 28, Beijing Energy International Holding Co., Ltd. successfully held its 2024 Annual Earnings Presentation in Hong Kong through both onsite and online channels. The event drew active engagement from renowned investment bank analysts and institutional investors across global markets. The company’s Chairman of the Board, Zhang Ping, Chief Financial Officer Huang Hui, and Vice President Jia Geng attended the meeting.
At the meeting, the Board Chairman and the executive team shared business updates covering business highlights, financial results, development opportunities, and future strategic directions with physical and virtual attendees, providing an overview of the company’s operations and future development outlook. In 2024, the company achieved significant growth in its operational and financial metrics. As of the end of 2024, the company’s total installed capacity reached 13.501 GW, a 47.5% increase from the beginning of the year. Operating revenue for 2024 was RMB 7.011 billion, up 25.91% year-on-year, while total profit was RMB 714 million, representing a 9.2% year-on-year increase. The company successfully achieved the goal ahead of schedule (the goal: total assets exceeding RMB 100 billion and installed capacity exceeding 10 million kW). Additionally, power generation reached 19.42 billion kWh, an increase of 40.9% year-on-year.
The Earnings Presentation was simultaneously broadcasted on seven online platforms, including Sina Finance and Futu NiuNiu, attracting over 600 viewers. Both onsite and online interactions were dynamic, with investors raising questions regarding the company’s overseas business layout, integrated energy business expansion strategies, and the impact of Document No. 136 on the company’s operations. The attending executives offered thorough responses to all questions raised.
The executive leadership analyzed the favorable renewable energy policies being introduced domestically and internationally, indicating a promising outlook for the renewable energy industry. The company will continue to focus on profitability and maintain high-quality development. Following the strategic path of “dual-circle, one-center and one-focus,” it aims to diversify its business segments to hedge against the risk of declining profitability in new energy projects. The company will also continue to advance equity financing and optimize its financial structure to ensure sustainable and healthy growth. The executive team expressed strong confidence that the company’s holistic strategic approach and sustained innovation will fuel even faster growth.
The successful completion of this earnings presentation underscores the company’s dual progress in scaling its business expansion and capital operations, showcasing its robust growth trajectory in renewable energy while garnering strong capital market recognition. Moving ahead, the company will double down on its commitment to clean energy development and drive high-quality and high-speed growth.
