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august 22on the day, anhui wanneng co., ltd. (hereinafter referred to as"wan neng electric power") released its semi-annual reportthe report shows thatin the first half of the year, the companyachieve revenue14.001 billion yuan, a year-on-year increase of 14.42%;accomplishnet profit attributable to parent company1.071 billion yuan, a year-on-year increase of 83.06%;return to mothernet profit1.059 billion yuan, a year-on-year increaseexpanded to98.33%，comparisonnearly double the same period in 2023。

wanneng electric powerbypower generation, transmission, supply(distribution) power businessamong the business segments, power generation business contributed the most to revenue, accounting for nearly80%, revenue in the first half of the year was 11.148 billion yuan, up 27.81% year-on-year, gross profit margin was 13.71%, up 5.81% year-on-year. the proportion of coal business is second only to power generation business, with revenue of 2.49 billion yuan in the first half of the year, down 20.27% year-on-year, accounting for 17.79% of total revenue.

"regional advantages plus the commissioning of new production capacity, the company's power generation growth has driven the performance of its main thermal power business." zhang junhao, a utilities and environmental protection researcher at guojin securities, analyzed that in the first half of the year, anhui province's electricity consumption increased by 13.3% driven by the development of emerging manufacturing industries, a growth rate 5.2 percentage points higher than the national average. anhui's electricity supply and demand were tight, and the central coal price was downward, which pushed the company's thermal power profit margin to steadily increase.

previously, xinjiang, which is controlled by anhui powertwo 660,000-kilowatt coal-fired power units have been put into operation, and new production capacity has been released one after another. "with the commissioning of the 1 million-kilowatt qianyingzi coal-fired power project in anhui and two 660,000-kilowatt coal-fired power projects in xinjiang controlled by anhui power in the second half of the year, the company's controlled installed capacity still has about 20% room for improvement this year, providing a growth driver for the power generation of controlled units in 2024-2025," said zhang junhao.

anhui power said that the company's current generating units are mostly coal-fired power units with high parameters, large capacity, high operating efficiency, low coal consumption and excellent environmental performance.the installed capacity of high-efficiency and low-energy consumption power plants with a capacity of 600,000 kilowatts and above accounts for 81%.develop gas-fired power generation, new energy power generation, pumped storage and energy storage businesses,atin 2023, the 103,000-kilowatt chemical energy storage project in huaibei will be completed, and two 450,000-kilowatt 9f gas-fired units will be completed and put into operation in the first half of 2024. the approval and construction of the jixi jiapeng pumped storage project will be promoted, and construction of new energy projects such as the 800,000-kilowatt photovoltaic project in xinjiang and the 300,000-kilowatt wind power project in suzhou, anhui will be started.strive to go furtheroptimize the industrial structure.

author | yi yuntong