In 2023, pursuing its strategic positioning of “green and low-carbon, innovation-driven”, the Company will accelerate its clean transformation and expand its presence in emerging energy businesses, and make strenuous efforts in optimizing its asset structure, enhancing operation efficiency and implementing various reform and innovation initiatives, with a focus on the following tasks:
Remaining committed to improving asset quality and enhancing operation capability in the long run. The Company will step up its efforts in improving the quality and efficiency of existing assets, and carry out the professional integration of coal-fired power and natural gas power with low-efficiency innovatively. Further participating in the green power, green certificates and carbon trading market, the Company expects to boost revenue from equity interests with green attributes, further tap into the potential of efficiency improvement and profit growth in the new energy and hydropower segments, thereby maximizing operational efficiency.
Adhering to dual development of principal and emerging businesses while expediting strategic transformation. Firstly, the Company will promote the rapid implementation of large-scale new energy base projects and the two “integrated” projects (i.e. integrated Source-Grid-Load-and-Storage project and integrated multi-energy complementary project). Secondly, the Company will accelerate the development of emerging industries in a bid to achieve new breakthroughs in segments such as electrochemical energy storage, compressed air energy storage, green power transportation, colored photovoltaic and virtual power plants.
Persisting on innovation-driven approach to unleash new momentum for development. The Company will enhance the research, development and application of advanced technologies, and improve its planning for technological innovation. Based on the advanced energy storage technology of Xinyuan Smart Storage and the comprehensive recycling technology of obsolete photovoltaic modules of Xinyuan Jinwu, the Company will actively apply for setting up provincial and ministerial key laboratories and engineering technology centers. Use of robots and artificial intelligence will be promoted to replace manual operation under “3H” (Height, High Pressure and High Temperature) environment. Furthermore, the Company will advance more rapidly the strategic cooperation with renowned universities and institutions and equipment manufacturers to develop an industry-academia-research alliance and an open, synergistic and efficient research and development system. It will also promote in-depth digital transformation and upgrade its digital infrastructure and data centers, so as to unlock the values of the data resources.
Strategic upgrade with new dimensions to promptly build up the new environmental, social and governance (ESG) corporate premium brand image. With highlighting the technology-oriented development, strengthening ESG concepts and brand building of the Group as the focus of its strategic upgrade and development, we will, under the guidance of the Board, seek ways to optimize our ESG governance structure and management system as a listed company in a scientific and effective manner. Meanwhile, we will further promote the integration of ESG into the Group’s production, operation and corporate culture to demonstrate the Company’s image of good governance.
The Group will continue to optimize its development path of transformation, stay committed to green, innovative and high-quality development and accelerate the pace to become a “World-class Green and Low-carbon Energy Provider” in full steam, and create substantial value for all shareholders and other stakeholders.