On April 11, 2025, Li New Energy (001258) held a targeted research event attended by 11 institutional investors. The main focus of the meeting was to discuss the company’s layout for wind and solar power projects, recent government support received, and future investment plans.
The company’s operational wind farms are primarily located in the northern Xinjiang region, including Dabancheng, Hami, and Changji. In addition, its solar power stations are situated in the Hami, Changji, and Kuitun areas. Li New Energy is actively involved in the construction of the “Xinjiang Power Transmission” third channel project and has secured the development rights for a 1 million-kilowatt wind storage project in Dabancheng and Mulei, along with a 500,000-kilowatt independent energy storage project in Hotan.
The total investment for ongoing projects in 2025 is expected to reach 6.878 billion yuan, with an anticipated further investment of 3.352 billion yuan. By the end of 2024, the company’s interest-bearing debt is estimated to be approximately 10.8 billion yuan, with a comprehensive financing cost of less than 3%. Regarding the investment costs for renewable energy projects, the total construction cost per watt for renewable energy generation projects in Xinjiang is currently estimated to be around 3.0-3.5 yuan.
In the future, the company plans to utilize reasonable financing methods to supplement its capital and project investments, thereby reducing the risk of funding shortages. As of the end of 2024, Li New Energy has received a total of 1.941 billion yuan in national renewable energy subsidy funds. In 2024, the company achieved a revenue of 971 million yuan and a net profit attributable to shareholders of 50.18 million yuan.
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