_ 1 _Inflation in the US hit a new 40-year high of 7.9% in February.

China Huadian Corporation:Net income in 2023: 4.522 billion yuan, a YoY increase of 3,789%

CGN:Net profit in 2023 was 10.725 billion yuan, a 7.64% year-on-year increase

3. Dragon Power:Net income in 2023 was 6.249 billion yuan, a 22.27% year-on-year increase

4. Qinghai's Haibei Prefecture:Implement the responsibility of investigating and rectifying major security risks in energy and power systems

5、2.73 GW! Tianshui City, Gansu Province, launched the competitive allocation of the third batch of new energy projects in the "14th Five-Year Plan"

6. Guangxi Guigang City Industrial Park signed an investment agreement for a large-scale wind power intelligent equipment industrial park project with Zhongfeng Power and Guangtuo Energy Group ***

7. Inner Mongolia:Ensuring that the total coal production capacity of the producing coal mines in the whole region remains stable at over 1.2 billion tons

In January and February 2023, Russia's electricity exports to China fell by 75% year-on-year

**9. Russia and Burkina Faso sign roadmap for cooperation in peaceful uses of nuclear energy **

_ 2 _Corporate Trending

China Huadian Corporation:Net income in 2023: 4.522 billion yuan, a YoY increase of 3,789%

On March 27, Huadian International disclosed its annual report for 2023, which showed that its operating revenue for the period was CNY 117.176 billion, a 9.45% year-on-year increase; its net profit attributable to shareholders of the listed company was CNY 4.522 billion, a 3,789.00% year-on-year increase; and its net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was CNY 3.803 billion.

CGN:Net profit in 2023 was 10.725 billion yuan, a 7.64% year-on-year increase

On March 27, China General Nuclear released its annual report for 2023, revealing that its operating income reached RMB82.549 billion during the period, a year-on-year decrease of 0.33%. Net profit attributable to shareholders of the listed company was RMB10.725 billion, marking a year-on-year increase of 7.64%. Net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was RMB10.613 billion, representing a year-on-year growth of 8.64%.

3. Dragon Power:Net income in 2023 was 6.249 billion yuan, a 22.27% year-on-year increase

On March 27th, Longyuan Power disclosed its annual report for 2023, with an operating income of 37.64 billion yuan, a year-on-year decrease of 5.57%, and a net profit of 6.249 billion yuan, a year-on-year increase of 22.27%.

_ 3 _** Industry news **

Haibei Tibetan Autonomous Prefecture, Qinghai:Implement the responsibility of investigation and rectification of major energy and power system safety hazards

Recently, the Development and Reform Commission of Hainbei Prefecture, Qinghai issued a notice on issuing the Three-Year Action Plan for Comprehensive Safety Production Governance in Hainbei Prefecture Energy and Electric Power System (2024-2026). The content mentions that by the end of 2024, the major safety hazards identified and found before 2023 will be basically eliminated, the increase in major safety hazards will be effectively contained by the end of 2025, and a normalized mechanism for dynamic clearing of major safety hazards will be formed by the end of 2026; The inherent safety production level of energy and power systems will be significantly improved, and the safety production situation of the energy and power system industry in the whole state will continue to remain stable and positive.

2.73GW! Tianshui City in Gansu Kicks Off Third Batch of New Energy Projects for the 14th Five-Year Plan

Recently, Tianshui city in Gansu Province released the Announcement on Competitive Allocation of the Third Batch of "14th Five-Year" New Energy Projects. According to the announcement, the total capacity of new energy projects in this round of competitive allocation has reached 2.73 GW, with wind power projects accounting for 2.5 GW and photovoltaic projects accounting for 230 MW. All competitive allocation projects are market-oriented grid-connected projects. The operation period and on-grid electricity prices will be implemented in accordance with applicable national policies.

3. Guigang City Industrial Park Signs Large Wind Power Intelligent Equipment Industrial Park Project Investment Agreement with China Energy Investment Corporation and Guangtuo Energy Group

On the afternoon of March 26, 2024, Guigang Industry Park held a signing ceremony for the project of a large-scale wind power intelligent equipment industrial park in the urban area. Vice Mayor Zhang Jinglian, leaders of the Municipal Party Committee Organization Department, Municipal Development and Reform Commission, Municipal Industry and Information Technology Bureau, Municipal Investment Promotion Bureau, etc., attended the signing ceremony to witness the signing. Guigang Industry Park Management Committee, China Shipbuilding Industry Corporation Wind Power Development Co., Ltd. and Guanto Energy Group Co., Ltd. jointly signed the investment agreement for the large-scale wind power intelligent equipment industry park project. The project site is located in Shika Park, Guigang High-tech Zone, with a total planned area of about 270 mu. It mainly constructs an intelligent assembly base for wind turbine units, a wind tower manufacturing base, a wind blade manufacturing base, a wind power engineering technology research center and an intelligent maintenance base.

4. Inner Mongolia:Keep the total production capacity of operating coal mines in the region at a stable level of over 1.2 billion tons

According to Energy Bureau of Inner Mongolia Autonomous Region, the energy industry is not only the pillar industry of Inner Mongolia, but also the core industry, which should be further expanded and strengthened, rather than reduced and abandoned. Related person in charge of the Energy Bureau told reporters that Inner Mongolia closely adheres to the strategic positioning of the important national energy and strategic resource base, and strives to promote the stable and quality development of energy work in 2024. With the goal of safeguarding national energy security, the bureau will make every effort to do a good job in ensuring the supply. In 2024, the total production capacity of coal mines in the region will reach 1.2 billion tons, and the coal output will reach about 1.22 billion tons, ensuring a stable supply of coal. Based on ensuring oil and gas security, we will continue to promote the increase of storage and production, focusing on key exploration and development projects such as increasing production in Sulige Gas Field and production in Bayan Oilfield around Ordos Basin and Hetao Basin, to improve the effective utilization of proven undeveloped reserves, ensure the stable production of old oil and gas fields and the construction of new blocks, and strive to increase the annual crude oil production to more than 3 million tons, and stabilize the annual natural gas production at about 31 billion cubic meters. The coal-to-oil output will remain at about 1.1 million tons, and the coal-to-gas output will reach more than 3.3 billion cubic meters.

_ 4 _International Focus

Russian electricity exports to China dropped by 75% year-over-year in January-February

Alexandra Panina, a member of the board of directors of the Russian power company Inter RAO, said in an interview with reporters on power exports during the "Nuclear Industry Exhibition 2024" international forum that from January to February 2024, Russia's power exports to China The volume dropped significantly year-on-year by 75%. Panina pointed out that in the first three months of this year, Russia's electricity exports are expected to reach approximately 2.1 billion kilowatt hours, showing a downward trend compared with the same period in 2023. The main reason for this change is the significant reduction in power supply to China. she further stressed:"The sharp decline in supply to China, which decreased by 75% from January to February, became the most unfavorable factor in the first quarter. We deeply regret that this situation may continue for a long time."

Russia, Burkina Faso sign roadmap for cooperation in peaceful use of nuclear energy

Russia and Burkina Faso have signed a roadmap for cooperation in the peaceful use of nuclear energy at the high-profile international forum 'Atomexpo 2024' in Russia. The significant cooperation document was signed by Alexey Likhachev, Director General of Rosatom on behalf of Russia, marking a new stage in cooperation between the two countries in the nuclear power industry.

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