Recently, Guangxi Energy "Wuzhou Jingnan power Station plant photovoltaic power generation project", "Zhengrun new material roof distributed photovoltaic project" and "Tianhe Investment roof distributed photovoltaic power generation project" held a concentrated commencement ceremony of photovoltaic power generation project construction in Hezhou. This is the first batch of new energy projects to start construction in Guangxi Energy, opening a new chapter of high-quality development from traditional energy to new energy transformation and upgrading.

As a professional power energy company, Guangxi Energy is committed to building a "zero carbon" green listed enterprise with important regional influence. In 2023, Guangxi Energy will comprehensively optimize its business structure and divest its oil sector. Acquired offshore wind power resources, held 60% equity of Guangtou Offshore Wind Power Company, and controlled Fangchenggang offshore wind power demonstration project. The company said that it will focus on the strategic layout of "power as the core and multi-energy drive", accelerate the acquisition of high-quality hydropower shares and the reform of stone and mining sectors, and gradually realize the development strategy of focusing on the main industry of electricity.

On January 23, 2024, the announcement showed that Guangxi Energy's 2023 annual performance is expected to increase, and the net profit attributable to shareholders of listed companies is expected to reach 1 million yuan to 3 million yuan in 2023, which is expected to increase by 224 million yuan to 226 million yuan compared with the same period last year.

Guangxi Energy's current reserve new energy projects include the 210,000 kilowatt photovoltaic project of its subsidiary Qiaogong Energy, and the investment framework agreement signed with the government of Hezhou Babu District in the early stage (including 300,000 kilowatts of wind power [Shangcheng, Renyi Wind power], 500,000 kilowatts of photovoltaic, and 1.2 million kilowatts of pumped storage), which provides sustainable momentum for the subsequent transformation.

It is understood that the overall annual distribution of electricity business of Guangxi Energy from 2019 to 2022 shows a slight upward trend. At present, Guangxi Energy Hezhou Industrial zone distribution network improvement project, 110kV road power transmission and transformation project has begun construction, Hezhou city distribution network transformation construction project has completed the project approval, Lishong, big Data, Lingfeng three 110kV power transmission and transformation project obtained the project construction right. With the implementation of new power grids and the contribution of new energy units to self-generated electricity, Guangxi's energy power supply capacity and profitability are expected to continue to improve.

Some analysts believe that the development of Guangxi energy distribution power business is stable, power generation business in the existing hydropower, thermal power based on the development of wind power business to develop the second growth pole of new energy, stripping oil business and other non-major assets, the company's income quality improved, long-term growth. Editor/Xu Shengpeng