An Hui Wenergy Co., Ltd.

Company Profile

(1) Advanced performance of generator sets Most of the company's power generation units are coal-fired power units with high parameters, large capacity, high operating efficiency, low coal consumption, and superior environmental performance. Among the coal transportation motor units, the installed capacity of 600000 kW and above with high efficiency and low energy consumption accounts for 79%, which has a strong competitive advantage. (2) Location advantage With the steady increase in the economic size of Anhui Province, emerging industries such as high-tech manufacturing, new energy vehicles, and robots are developing rapidly, providing strong impetus for the future growth of electricity consumption in Anhui Province. In 2023, the regional GDP of Anhui Province increased by 5.8% year-on-year, higher than the national average; The growth rate of electricity consumption in Anhui Province is 7.4%, which is faster than the average level of 6.7% in the whole society. There is abundant demand for electricity, which provides a favorable market environment for the company's electricity product sales and effectively guarantees the company's operational efficiency. (3) Government support The Anhui Provincial Party Committee and Government have endowed the controlling shareholder Anhui Energy Group with the functional positioning of being a provincial-level team for ensuring energy security in Anhui, the main force for strategic adjustment of the energy industry structure in the province, and the main platform for implementing the 'dual carbon' action; According to the agreement signed between the Anhui Provincial Development and Reform Commission and the Xinjiang Uygur Autonomous Region regarding the transmission and reception of channel supporting power supply, the company has received clear support from the two provinces (regions) and actively promotes investment and development of Xinjiang power supply projects. (4) Support from controlling shareholders The company has always received strong support from its controlling shareholder during its development process. The controlling shareholder, Wanneng Group, positions the company as the main platform for integrating power assets and the core enterprise for developing power business. In 2023, Wanneng Group has injected 51% of its equity in Wanneng Environmental Protection Company and its equity in four pumped storage companies, namely Xianghongdian, Langyashan, Tianhuangping, and Xiangshuijian, into the company. It has promised to gradually inject its holdings of thermal power and other power generation assets through reasonable means, provided that the conditions are met; Further consider injecting new energy assets such as wind power and photovoltaics into the company. Thanks to the continuous resource integration by the controlling shareholders, the company's equity installed capacity has steadily increased. (5) Collaborative development of multiple sectors In addition to the coal-fired power sector, the company actively develops gas power generation, new energy power generation, energy storage, and pumped storage businesses. The company won the bid as the investment entity for the Jixi Jiapeng Pumped Storage Project. In 2023, it completed the Huaibei 103000 kilowatt chemical energy storage project, and in early 2024, it completed and put into operation a 450000 kilowatt 9F gas unit, building a diversified industrial chain, optimizing industrial structure, and enhancing synergies; Simultaneously developing environmentally friendly power generation business, responding to the policy of zero landfill for household waste, and supporting ecological protection and sustainable development. (6) Strategic layout in Xinjiang In September 2023, two 660000 kilowatt units of Jiangbu Power Plant were completed and put into operation, marking a crucial step for the company's strategic layout in Xinjiang. This is the first independently invested "Xinjiang Power into Anhui" project in Anhui Province, further expanding the company's thermal power asset scale and improving the overall quality of the company's thermal power assets. (7) Rich experience in investment management in the power industry The company is one of the earliest A-share listed companies in the power industry in China. Since its 30th anniversary of listing, the company has set a transformation goal of becoming a first-class power platform company and a comprehensive energy service provider. Through a series of capital operations, the company has further improved its power asset scale. At the same time, it has accumulated and cultivated a group of experienced and structurally reasonable management and technical talents in investment, construction, and business management, gradually becoming a modern listed company with excellent assets, advanced management, and stable operation. (8) Collaboration between schools (institutions) and enterprises to support corporate strategic transformation The company focuses on strengthening communication and cooperation with universities and research institutes, actively exploring the model of school (institute) enterprise cooperation, accelerating the cultivation of scientific and technological innovation forces and the construction of achievement transformation and application systems, and empowering the company with scientific and technological innovation for comprehensive strategic transformation. The company collaborated with the Anhui Energy Collaborative Innovation Center, jointly established by the Energy Research Institute of Hefei Comprehensive National Science Center, to carry out research on green ammonia blending combustion and carbon reduction in coal-fired power units. The company also established the ammonia bond technology company to promote engineering demonstration, successfully achieving the first large-scale coal-fired power generation unit in China to be mixed with ammonia by 10% to 35% for combustion and power generation, and achieving significant breakthroughs. The "Complete set of ammonia blending combustion technology and key equipment for coal-fired power plants" project was selected for the "Third Batch of Major Technical Equipment (Projects) in the Energy Field" by the National Energy Administration.