Weidou Intelligent Technology (Shanghai) Co., Ltd.
中文

News

WDUTECH

Home/News

News categories and latest news

Jinshan Shares increases investment in wind and hydropower businesses

News

On the evening of 4 month 1, Jinshan Shares disclosed its annual report. In 2014, the company achieved operating revenue of 46.12 billion, a year-on-year increase of 4.52%. The net profit attributable to shareholders of the listed company was 2.76 billion, a year-on-year increase of 28.29%. On the same day, the company announced that it plans to increase investment in multiple projects, including wind power and hydropower, to strengthen and expand its core business.


Data shows that in 2014, the completed power generation was 139.63 billion kWh, a year-on-year increase of 5.53%; the completed grid-connected power volume was 12,6.45 billion kWh, a year-on-year increase of 5.35%; the completed heat supply volume was 948.69 ten thousand gigajoules, a year-on-year increase of 18.89%.


The company introduced that in 2014, its main business composition included power generation, urban heating, and steam sales, with no change in the structure of its core business. Among these, electricity revenue grew slightly compared to the same period, while thermal product sales revenue increased significantly. The main reasons are: the reduction of electricity prices within the base period this year, the cancellation of desulfurization and denitrification electricity prices, and the growth in electricity sales volume mostly consisting of out-of-base volume, where lower out-of-base electricity prices led to insignificant growth in electricity revenue; Dandong Jinshan Thermal Power Co., Ltd. actively expanded the heating market this year, increasing the heating area, which resulted in a significant increase in thermal revenue compared to the previous year.


It is worth noting that in 2015, the company will continue to consolidate the basic pattern dominated by large-scale thermal power, supplemented by urban cogeneration, promote the scaled construction and operation of wind power, gradually fill the gaps in photovoltaic and distributed energy, and actively create conditions for advancing the preliminary work of Dandong Nuclear Power. The main tasks specifically include the following four aspects: (1) Focus on advancing the Baiyinhua Phase II project, the sludge co-combustion project of Jinshan Thermal Power Branch, and the Dandong Company Phase II project. 2) Strengthen and expand the company's wind power industry to achieve scaled operation and adjust production capacity structure. (3) Prepare project reserves in the fields of photovoltaic and gas-fired power generation. (4) Create conditions for the development of the company's nuclear power projects.