Steadily Advancing Clean Energy Development, Deepening Global Strategic Layout, Achieving Mutual Benefit and Win-Win Outcomes
— BJ ENERGY INTL Successfully Holds 2024 Interim Results Conference
On August 29, Beijing Energy International (Stock Code: 00686.HK) successfully held its 2024 Interim Results Conference in Hong Kong, utilizing a hybrid format that combined both online and offline participation. The event garnered significant interest from prominent analysts of leading domestic and international investment banks, as well as institutional investors. Chairman Zhang Ping, Senior Vice President Liu Dongsheng, and CFO Huang Hui were present at the conference, where they provided a comprehensive overview of the company’s business development and outlined its future strategic plans to the investors.
During the meeting, Zhang Ping introduced the company’s latest business progress. As of the end of June 2024, the company owned 153 solar power stations, 34 wind power stations, 26 hydropower stations, and 1 energy storage station. Through joint ventures, the company also held stakes in 2 solar power stations, 1 wind power station, and 2 hydropower stations. Its business footprint covers 31 provinces in China and has expanded to Australia and other overseas new energy markets, making it the largest Chinese-invested company in terms of installed capacity in the Australian clean energy sector, laying a solid foundation for future sustainable development.
Regarding asset scale, as of June 2024, the company’s total grid-connected installed capacity had exceeded 10 GW, and the asset scale had reached RMB 101.8 billion, an increase of approximately 48% compared to the same period last year. The company has a sufficient number of reserve projects domestically, with primary reserve projects reaching 4.8 GW and secondary reserve projects totaling 59 GW. It has several high-quality projects in Inner Mongolia, Heilongjiang, and Jilin. Its energy base reserve projects exceed 22 GW, mainly concentrated in large-scale clean energy base projects and regional cluster projects, providing strong support for future expansion. The company is actively expanding its global market, particularly in Australia. By the first half of 2024, its installed capacity in Australian projects reached 946 MW, and it has secured 4 GW of overseas reserve projects. The strong growth momentum in overseas business has enhanced its global competitiveness, injecting new vitality into future development.
Huang Hui reported the company’s performance in the first half of 2024. The company achieved significant revenue growth, with operating income reaching RMB 3.272 billion in the first half of 2024, up approximately 27% year-on-year; total profit reached RMB 434 million, an increase of about 27%. Meanwhile, the company’s capital structure continued to optimize, with total assets achieving steady growth over the past few years, reaching RMB 101.8 billion by the first half of 2024, an increase of approximately 13% from the beginning of the year. This significant increase fully reflects the company’s continuous efforts and achievements in business expansion and asset allocation.
Liu Dongsheng provided an in-depth analysis of the company’s future development opportunities. He pointed out that over the past decade, China’s renewable energy industry has developed rapidly and is expected to maintain a significant position in the future, with immense market potential. By the end of June 2024, China’s renewable energy installed capacity had reached 1.653 billion kW, a year-on-year growth of about 25%, highlighting its core position in the energy structure. With technological advancements and cost reductions, the market is expected to continue expanding, providing strong support for global energy transition and climate change mitigation.
The company remains committed to enhancing efficiency and upholding the principle of high-quality development while implementing its strategic policy of “dual-circle, one-center, and one-focus.” As part of its growth strategy, the company will actively expand its presence in overseas markets, with a particular focus on Australia, to drive business growth. It will also continue to pursue equity financing initiatives, optimize its financial structure, and ensure sustainable and healthy development. Through comprehensive strategic planning and ongoing innovation, the company aims for rapid growth. Looking ahead, it will deepen its presence across various sectors, promote continuous business expansion, and contribute more significantly to the global energy transition.
The successful hosting of this conference reflects the capital market’s strong confidence in the company’s development prospects and its future growth potential. Moving forward, the company will remain committed to the principles of green development, innovation-driven growth, and sustainability. It will continue to focus on advancing clean energy initiatives and pursue sustainable growth and mutual benefits, thereby creating greater value for investors and society.
