China Longyuan Power Group Corporation Limited
龙源电力
001289
Shenzhen Stock Exchange
Company Profile
Seizing strategic opportunities and continuously accelerating efforts in green and low-carbon development. The Company maintained its rapid development in terms of scale and quality, aligned with national major development strategies, and promoted largescale development, breakthroughs and innovations through large-scale projects. In the first half of the year, the Company obtained the development quota of 6.09 GW, representing an increase of 51.87% over the same period last year, including 2.81 GW of wind power and 3.28 GW of photovoltaic power. Solidifying the safety foundation, and stabilizing the safety and environmental protection situation. The Company thoroughly implemented the spirit of safety production instructions, carefully coordinated production safety with various relationships, and insisted on highquality development and high-level safety benign interaction. In the first half of the year, the total power generation of the Company amounted to 40,082 million kWh, representing a year-on-year increase of 0.84%. Constructing high-quality projects and ensuring quality and speed of engineering construction. The Company accelerated the construction progress by strengthening the implementation of project construction conditions. In the first half of the year, 47 new projects of the Company were put into operation with consolidated installed capacity of 2,286.73 MW, of which the consolidated installed capacity of seven wind power projects was 595.00 MW, and the consolidated installed capacity of 40 photovoltaic power projects were 1,691.73 MW. Deepening marketing management and actively responding to market challenges. The Company continuously strengthened its market research and judgement capability, conducted in-depth market policy research. In the first half of the year, the average on-grid tariffs of the Company for wind power amounted to RMB441 per MWh, the average on-grid tariffs for photovoltaic power amounted to RMB283 per MWh, and the average on-grid tariffs for coal power amounted to RMB415 per MWh. Focusing on technological innovation and continuously enhancing development momentum. The Company actively fulfilled the “three roles” of a central enterprise, strengthened the position as the mainstay of scientific and technological innovation, fully leveraged the guarantee role of the ‘1+1+4+N’ organisational system, and accelerated the transformation of innovative achievements. In the first half of the year, the achievements of four projects of the Company reached international leading levels, with two national standards and eleven energy industry standards promulgated and implemented, and one national standard established. Strengthening carbon asset management to generate revenue and increase efficiency continuously. The Company actively participated in the construction of the national greenhouse gas voluntary emission reduction market, and obtained the first order of renewable energy projects on the first trading day of the national greenhouse gas voluntary emission reduction trading market. It promoted the application and trading of green certificates, applying for 4.23 million green certificates in the first half of the year, and efficiently carried out multiple green certificate transactions to vigorously enhance the value of environmental rights. Empowering the Company's high-quality development with ESG as the driving force. The Company deeply practiced the ESG concept, optimized the general framework of ESG construction of "one goal, four systems and six tasks". In 2023 and 2024, independent ESG reports verified by third parties were released in succession, which were included in Fortune China ESG Influence List for two consecutive years, and were successfully selected for the CCTV's "China ESG Listed Companies Pioneer 100" list for the first time.
Full description
China Longyuan Power Group Corporation Limited was Founded in 1993,It is currently affiliated to CHN Energy. It was successfully listed on the Main Board of the Hong Kong Stock Exchange in 2009, which made it known as the “First Listed New Energy Company in the PRC”. It was officially listed on the A share market in 2022 and became the first domestic central government-owned new energy power generation company which is listed on both H-share and A-share markets, the first among the five major power generation groups which are listed on the A-share capital market as new energy enterprise, and the first company which simultaneously implemented absorption and merger through share swap, asset sales and asset purchase projects. Longyuan Power is the earliest specialized company to develop wind power in China, and the leader in exploring wind power fields such as offshore, low wind speed and high altitude in China, firstly realizing the “going global” of wind power in China, and constantly leading the development of the industry and technological progress. Currently, Longyuan Power has become a large-scale power generation conglomerate focusing on the development and operation of new energy. It possesses wind power, photovoltaic, biomass, tidal,geothermal and coal power generation projects, which has established eleven industry-leading technical support systems, including new energy project preliminary consultation, terminal design, predictive maintenance, technical supervision, power prediction and data analysis. Its business distributes in 31 provinces, autonomous regions and municipalities of the PRC and other countries such as Canada, South Africa and Ukraine, making positive contributions to the green and low-carbon development of global energy and the utilization of renewable energy. As of 30 June 2024, Longyuan Power recorded 37,880.40 MW consolidated installed capacity, among which, the wind power segment reported 28,349.39 MW consolidated installed capacity, the photovoltaic and other renewable energy segment reported 7,656.01 MW consolidated installed capacity, and the coal power segment reported 1,875.00 MW consolidated installed capacity.