Beijing Jingneng Clean Energy (579) investor relations material

Executive summary

• Revenue rose 1.53% year-over-year to RMB20,877.0 million, driven by increased installed capacity in gas-fired and wind power segments.

• Profit from operations declined 8.21% to RMB4,829.1 million, with net profit down 9.77% to RMB3,086.8 million.

• Final and special dividends proposed total RMB18.00 cents per share, up 25.87% year-over-year.

• Installed capacity reached 18.365 million kW, with significant additions in wind and photovoltaic segments.

• Free cash flow turned positive, supporting higher dividend payouts and future investment.

Financial highlights

• Revenue: RMB20,877.0 million (+1.53% YoY); profit from operations: RMB4,829.1 million (-8.21% YoY).

• Net profit: RMB3,086.8 million (-9.77% YoY); EPS: RMB35.75 cents.

• Total assets: RMB104,054.0 million (+2.97% YoY); total equity: RMB39,322.7 million (+4.91% YoY).

• Net gearing ratio improved to 54.42% from 55.53%.

• Cash and cash equivalents increased 10.31% to RMB8,164.9 million.

Outlook and guidance

• Focus on digital transformation, lean management, and risk control to drive efficiency and cost reduction.

• Continued investment in green energy projects, especially in Beijing and surrounding areas.

• Emphasis on market-oriented electricity trading and capital recovery.

• Strategic expansion into new business formats: pumped storage, offshore wind, and integrated energy services.