$JNCEC (00579.HK)$ The once bright future of wind and solar energy is no longer. Jingneng predicts an EPS of 0.38, just one cent higher than last year's 0.37, a far cry from the 0.5 yuan EPS promised in the stock-based incentive with a profit of 4.1 billion. The fundamental analysis shows that the issue is not internal operations but rather the impact of policy changes: 1. Changes in grid connection policies. Electricity prices are fully market-oriented, and without policy support, wind and solar energy will inevitably face exclusion and suppression. The grid does not care whether you are clean energy. In the name of marketization, prematurely giving up appropriate support for clean energy poses a deadly risk to the new energy industry 👊 danger‼️. 2. Protecting giant pandas and the environment has led to the closure of four small hydropower plants. It is estimated that the subsidies provided by the government are far from sufficient to cover the asset losses. These are all losses incurred by companies due to policy reasons. Of course, in the long run, Jingneng is still a good company. Its current valuation is not high. It is estimated that the state will correct some policies. It is unacceptable to let this tender new energy industry, which bears immense social and environmental responsibilities, and has the most potential, be driven into the ground.

$CapLand India T (CY6U.SG)$ The earnings for 2024 are so good. A special dividend should be issued once. There is a strong call for the issuance of a special dividend!

$CapLand India T (CY6U.SG)$ May I ask who knows what the investment income of 0.318 billion in 2024 is?

$JNCEC (00579.HK)$Jingneng faced great pressure in the first half of the year: a significant reduction in gas on-grid electricity prices, market-oriented wind and solar electricity prices... But it was still able to achieve profit growth, which is commendable.In the second half of the year, new wind and solar electricity projects will be put into operation. Achieving the target of 4.1 billion for the whole year is not a problem.

$JNCEC (00579.HK)$ Today successfully reached 2 yuan. 2 yuan is the highest point in a year and also a new starting point: First, it is still an undervalued stock. PBR is less than 0.5, PE is less than 5 times, and the dividend is more than 7%. Second, it has good profit prospects. With the operation of the new wind and light projects, it is conservatively estimated that the EPS in 2024 can reach more than 0.5 yuan, and in 2025 it can reach more than 0.6 yuan with an annual growth rate of over 20%. Third, clean energy is second only to AI, a reliable sunrise industry with no bubble.

$JNCEC (00579.HK)$ In the first quarter, despite the reduction in gas online electricity prices, performance did not decline. The increase in wind and solar power offset the decline in gas electricity revenue. It seems that Beijing Energy will achieve a clean energy installed capacity of 12.5 million kilowatts (12,500 megawatts) and a profit of over 4.1 billion this year, without any suspense.

$CHINA OIL & GAS (00603.HK)$ With such a good business and good profitability, why is it getting worse and worse? The boss needs to reflect and give returns to the shareholders, and treat the employees well. You are no longer a small venture. Share 30-50% of the profits as dividends and establish a stock-based incentive system for senior executives. If the boss changes their mindset and thinking, the company will enter a virtuous cycle.

$CHINA OIL & GAS (00603.HK)$ Financial reports are not just delayed for no reason. Changes happening over and over again result in delays. From this perspective, the company's governance and management level is too low. Why is the management level so low? To a large extent, it is due to the managers' peasant mentality... Being unwilling to let go is being stingy. We can only gain by sacrificing, yet China oil & gas refuses to do so. By not giving back to the shareholders, it is naturally being stingy towards the employees as well and will not provide them with good rewards. Without good rewards, of course, there won't be good employees, and naturally, financial statements cannot be produced smoothly. I advise the boss to eliminate the peasant mentality, give back to the shareholders, provide good rewards to the employees, and achieve a virtuous cycle.