On April 25, 2024, Energy Technology released its annual business report for 2024, indicating a projected revenue of 6.89 billion yuan, which represents a year-on-year increase of 0.39%. The report noted that the net profit attributable to shareholders is expected to be 1.94 billion yuan, reflecting a significant decline of 12.07%. The basic earnings per share is projected at 0.39 yuan. The company has set a target for the average daily revenue at 2.00 million yuan.
According to the report, the increase in financial expenses and the longer-than-expected collection period from clients contributed to the decline in net profit. Despite these challenges, the company’s current revenue from operational activities reached 3.89 billion yuan, with a year-on-year growth of 8.29%. This indicates a robust capacity for revenue generation, driven by stable operational activities.
As the report mentions, the company is actively exploring various innovative applications and adapting to market changes. With an eye on future market competitiveness, Energy Technology is focusing on developing self-distributed energy generation systems and enhancing its capabilities in energy storage and microgrid technologies, while also expanding its business in emerging energy sectors.
In the first quarter, the company’s self-distributed energy stations had a cumulative installed capacity of 911 MW, an increase of 83 MW compared to the end of last year. The revenue from energy generation is expected to be 6.22 billion yuan, reflecting a year-on-year growth of 4.45%. The main business operations generated revenues amounting to 90.93%, with a gross profit margin of 64.06%.
Despite facing market challenges such as declining electricity prices, Energy Technology has maintained consistent revenue patterns through its self-distributed energy facilities. The company achieved its target for revenue and gross profit margin, demonstrating resilience amidst market fluctuations. At the same time, the company’s EPC business revenues grew significantly, with a year-on-year increase of 158.50%, showcasing its competitive strength in the sector.
Moving forward, Energy Technology plans to increase its investment in self-distributed energy systems and expand its operational capabilities to ensure sustainable growth and maintain its competitive edge. As part of its strategy, the company will focus on enhancing its project development processes and integrating new technological advancements to boost its performance in the energy market.
For future strategic adjustments, Energy Technology aims to continue expanding its self-distributed energy station models and enhancing product development capabilities. The company will also focus on strengthening its market presence through various energy supply chains and innovative energy solutions, aiming to achieve substantial growth in the renewable energy sector.
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