Every AI express, investors ask questions on the investor interaction platform: Hello, China Three Gorges Renewables (Group) Co.Ltd(600905) and our company are brothers of central enterprises operating the same business. Why is the net profit margin of China Three Gorges Renewables (Group) Co.Ltd(600905) ‘s sales 44.5%, while that of our company is only 21.49%? What is the reason? Is it because the management is not in place, resulting in relatively high three fees?
Tianjin Guangyu Development Co.Ltd(000537) ( Tianjin Guangyu Development Co.Ltd(000537) . SZ) said on the investor interaction platform on May 21 that it was mainly due to the impact of the installed capacity, which led to the difference in the net sales interest rate between our company and China Three Gorges Renewables (Group) Co.Ltd(600905) compared with China Three Gorges Renewables (Group) Co.Ltd(600905) . Generally, the larger the installed capacity, the better the three fees can be diluted. By the end of 2021, the installed capacity of our company was 4026500 kwh, about 18% of China Three Gorges Renewables (Group) Co.Ltd(600905) installed capacity. With the expansion of the company’s installed capacity, the scale effect will be gradually reflected, and the profitability and level will be steadily improved.
(reporter Cai Ding)
