Net profit of 170 million yuan in the first quarter Gcl Energy Technology Co.Ltd(002015) general manager Fei Zhi: development target of 2gw this year

Affected by the Russian Ukrainian war, the price of natural gas rose sharply, but Gcl Energy Technology Co.Ltd(002015) ( Gcl Energy Technology Co.Ltd(002015) . SZ) still withstood the pressure in the first quarter and achieved a net profit of 170 million yuan. Fei Zhi, general manager of the company, told the financial associated press that in the first quarter of this year, the company made every effort to fight the epidemic and ensure supply, so as to ensure energy supply for the resumption of work and production in many places. In the face of rising natural gas prices, the company responded to environmental pressure through a series of management measures such as expanding heat users, reducing fuel costs and optimizing asset structure.

On April 26, Gcl Energy Technology Co.Ltd(002015) released the first quarterly report of 2022. The company achieved an operating revenue of 2.6 billion yuan and a net profit of 170 million yuan attributable to shareholders of listed companies, with a compound growth rate of 44.6% in net profit in recent three years. By the end of the first quarter, the total assets of the company were 30.426 billion yuan, a year-on-year increase of 10.55%, and the asset liability ratio decreased to 61%, nearly 10 percentage points lower than that at the end of the previous year.

After the impact of fuel price rise on gas heating, Gcl Energy Technology Co.Ltd(002015) continues to accelerate the layout of new energy industry. In 2022, the development target of Gcl Energy Technology Co.Ltd(002015) new energy is 2gw, and the scale of clean energy production will exceed 280mW. At present, the installed capacity of Gcl Energy Technology Co.Ltd(002015) wind power for energy supply has reached 900MW.

On the same day that the first quarterly report was released, Gcl Energy Technology Co.Ltd(002015) also announced the acquisition of 51% equity of Zhejiang Jiande GCL pumped storage Co., Ltd. Jiande pumped storage power station is one of the pumped storage power stations with better development conditions in Zhejiang and even the whole country. It was included in the key implementation project of the national medium and long term development plan of pumped storage (20212035) in 2021. It is planned to build six 400000 kW reversible water turbine generator units with a total installed capacity of 2.4 million KW.

In this regard, Fei Zhi told the financial associated press that through this acquisition, Gcl Energy Technology Co.Ltd(002015) clean energy business system will be further improved, which is of great significance for the company to deeply participate in spot trading in the power market, expand the scale of power sales, develop wind and water storage, and adjust and replace the power grid load at the peak of operation in the future.

In 2022, Gcl Energy Technology Co.Ltd(002015) will continue to be distributed in overseas markets. Following the conclusion of the first renewable energy investment project between China and Serbia in February this year, on April 20, the subsidiary signed the garbage power generation project in Eastern Jakarta, Indonesia, which will deliver 292 million kwh of green on grid electricity every year. The project will be started before the end of this year.

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