Jilin Electric Power Co.,Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Jilin Electric Power Co.,Ltd.

Jilin Electric Power Co., Ltd., incorporated in 1998, operates as a significant player in the energy sector of China. It primarily engages in the generation and supply of electricity, with a focus on coal-fired power plants. As of 2022, Jilin Electric Power had total installed capacity of approximately 12,000 MW, contributing significantly to the energy demands of Jilin Province.

The company's revenue trajectory has shown considerable growth over the years. In 2021, Jilin Electric Power reported total revenues of ¥20.53 billion, marking an increase of 8.6% compared to the previous year. This upward trend in revenue has been driven by increased electricity generation and improved efficiency in operations.

In terms of market positioning, Jilin Electric Power is part of the larger State Grid Corporation of China, one of the world's largest utility companies. This affiliation allows access to advanced technology and significant investment resources. By the end of 2022, the company's net profit stood at ¥2.43 billion, reflecting a profit margin of approximately 11.8%.

Over the years, Jilin Electric Power has also made strides in sustainability and reducing carbon emissions. By 2023, the company had begun implementing several renewable energy projects, including wind and solar farms, aimed at diversifying its energy portfolio and adhering to national policies regarding clean energy. As of the latest reports, renewable energy sources accounted for about 15% of its total generation capacity.

Jilin Electric Power's strategic initiatives have focused on modernizing its facilities and enhancing operational efficiency. The integration of smart grid technologies has improved energy distribution and management, positioning the company to meet future challenges in an evolving energy landscape. The company aims to achieve a total installed renewable energy capacity of 30% by 2030 as part of its long-term sustainability goals.

As of mid-2023, the company has successfully secured funding for several renewable projects, amounting to approximately ¥3 billion, which will further enhance its green energy production capabilities.

A Who Owns Jilin Electric Power Co.,Ltd.

Jilin Electric Power Co., Ltd. is a public utility company primarily engaged in the generation and distribution of electricity in Jilin Province, China. As of the latest reports, the ownership structure of Jilin Electric Power is characterized by a mix of governmental and institutional shareholders.

The State Grid Corporation of China, a major state-owned enterprise, is the largest single shareholder, controlling 52% of the company’s shares. This ownership gives the State Grid significant influence over the company's operational policies and strategic direction.

The Jilin Provincial Government holds 19% of the company's shares, reflecting its interests in regional energy production and investment in local infrastructure. This ownership is crucial for maintaining regional developmental goals and ensuring reliable energy supply.

The National Social Security Fund, representing the interests of retired workers and societal welfare, owns 8% of the company. This investment signifies institutional confidence in the company’s future profitability and stability.

Other institutional investors collectively hold 15% of the shares, indicating a diverse group of stakeholders. These investors typically look for stable returns in the utilities sector due to its relatively low volatility compared to other industries.

Finally, public shareholders account for 6% of Jilin Electric Power, allowing individual and small-scale investors to participate in the company's success.

In terms of financial performance, the company generated a revenue of approximately RMB 5.6 billion in 2022, with a net income of around RMB 1.1 billion, illustrating a stable profit margin in the competitive Chinese energy market.

Overall, the ownership landscape of Jilin Electric Power Co., Ltd. reflects a blend of governmental and institutional interests, with state ownership predominant, ensuring alignment with national energy policies and local governmental objectives.

Jilin Electric Power Co.,Ltd. Mission Statement

The mission statement of Jilin Electric Power Co., Ltd. reflects its commitment to providing reliable and sustainable energy solutions. The company aims to be a leader in the electric power industry, contributing to the economic development of the Jilin Province and the broader Chinese market.

As of 2023, Jilin Electric Power operates numerous power plants with a combined installed capacity of approximately 9,500 MW. The company focuses on modernizing energy production through integration of renewable energy sources, and as of the latest reports, it has incorporated over 1,500 MW of renewable capacity into its portfolio.

The mission is underpinned by strategic goals that include enhancing energy efficiency and reducing carbon emissions. In 2022, Jilin Electric Power reported a reduction in CO2 emissions by 15% compared to the previous year. The company's investment in green technologies has been significant, with approximately ¥2 billion allocated to renewable energy projects from 2021 to 2023.

Jilin Electric Power Co., Ltd. also emphasizes corporate social responsibility, engaging in various community development programs. In the fiscal year 2022, the company contributed over ¥100 million towards local education and infrastructure projects.

The focus on innovation and technological advancement is a core aspect of its mission. The company has implemented a digital transformation strategy, investing in smart grid technology, which is projected to enhance operational efficiency by 25% by the end of 2024.

In summary, Jilin Electric Power Co., Ltd. is committed to its mission of sustainable energy production, economic growth, and dedication to corporate responsibility, aligning with China's national goals for energy security and environmental stewardship.

How Jilin Electric Power Co.,Ltd. Works

Jilin Electric Power Co., Ltd. is a major player in the electric power generation and supply sector in China. Established in 2000, the company operates under the jurisdiction of the State Grid Corporation of China. The company focuses on thermal power generation, hydropower, and renewable energy sources, contributing significantly to the regional energy supply.

As of the latest financial year (2022), Jilin Electric Power reported a total installed capacity of approximately 11,000 MW, which includes 9,000 MW from thermal power and 2,000 MW from renewable sources. In terms of production, the company generated around 60 billion kWh of electricity, accounting for more than 15% of the Jilin Province's total power generation.

In 2022, Jilin Electric Power Co., Ltd. posted a revenue of approximately RMB 45 billion (around USD 6.8 billion), reflecting an increase of 8% compared to the previous year. The net profit attributable to shareholders reached approximately RMB 3 billion, with a profit margin of around 6.67%.

Operationally, Jilin Electric Power utilizes a diverse energy mix to enhance reliability and sustainability. The company's renewable energy portfolio primarily consists of wind and solar projects. By 2023, Jilin Electric Power aims to increase its renewable energy capacity by 20%, aligning with national goals set by the Chinese government.

Investment in infrastructure is crucial to Jilin Electric Power's strategy. The company invested approximately RMB 5 billion in the development of new energy projects and upgrading existing facilities in 2022. This includes the expansion of the Jilin Hydropower Plant, which is expected to add an additional 500 MW of capacity by 2024.

Furthermore, the company emphasizes environmental sustainability by adhering to strict emissions targets. It has installed advanced flue gas desulfurization units, which have enabled a reduction in SO2 emissions by approximately 50% over the past three years.

Jilin Electric Power's strategic partnerships with technology firms allow for the incorporation of smart grid technologies, increasing efficiency in electricity distribution and reducing operational costs. The adoption of digital solutions has led to a 15% decrease in non-technical losses.

The company also engages in community projects aimed at promoting energy conservation and environmental education, underscoring its commitment to corporate social responsibility. This holistic approach not only fosters goodwill but also enhances brand reputation in the region.

Overall, Jilin Electric Power Co., Ltd. continues to adapt to the changing energy landscape, investing in renewables, enhancing operational efficiencies, and driving sustainable development in Jilin Province.

How Jilin Electric Power Co.,Ltd. Makes Money

Jilin Electric Power Co., Ltd. primarily generates revenue through the production and sale of electricity. The company operates in the electric utility sector, engaging in power generation, distribution, and sales in Jilin Province, China. In 2022, the company reported a total revenue of approximately RMB 25.4 billion, a significant increase from the previous year's RMB 23.8 billion.

As of 2021, Jilin Electric Power had a total installed capacity of 9,200 MW, with a diversified energy mix including coal, hydro, and renewable energy sources. The breakdown of their energy sources is as follows:

The company’s profitability is significantly influenced by tariffs set by the National Development and Reform Commission (NDRC). In recent regulations, average electricity tariffs for industrial users were around RMB 0.5 per kWh, while residential tariffs ranged from RMB 0.6 to RMB 0.8 per kWh. With a growing demand for electricity in Jilin Province, Jilin Electric Power has benefited from the rising consumption which was reported at 108 billion kWh in 2022, a year-on-year increase of 4.5%.

Additionally, the company has invested in various renewable energy projects, contributing to its revenue growth. In 2022, revenue from renewable energy sources reached approximately RMB 2.1 billion, representing a growth of 15% compared to 2021. This aligns with China's broader green energy goals, aiming for carbon neutrality by 2060, which creates expanded market opportunities for Jilin Electric Power.

Jilin Electric Power also engages in ancillary services such as grid support and energy storage solutions, generating approximately RMB 500 million in revenue annually from these services. This diversification of services aids in stabilizing revenue streams against fluctuations in energy prices and consumption rates.

The operating expenses for Jilin Electric Power have been steadily rising due to increasing coal prices and maintenance costs. In 2022, the operational costs were recorded at around RMB 22.3 billion, which refined the net profit to approximately RMB 2.5 billion, a net profit margin of about 9.8%.

To summarize the financial performance, key metrics for Jilin Electric Power in recent fiscal periods are illustrated in the table below:

In summary, Jilin Electric Power Co., Ltd. employs a multifaceted approach to generate revenue, leveraging its extensive power generation capabilities, strategic investments in renewable energy, and ancillary service offerings. This diversified strategy positions the company favorably within the competitive electric utility market in China.