Funeng (600483): The Net Profit In 2020 Is 1.493 Billion Yuan, With A Year-On-Year Increase Of 20.05%

Funeng shares (600483. SH) announced that in 2020, the company realized a total revenue of 9.557 billion yuan, a year-on-year decrease of 3.9%, and a net profit of 1.493 billion yuan, a year-on-year increase of 20.05%. The main reasons for the growth of the company's operating performance in 2020 are as follows: first, the installed scale of wind power is increased and the wind condition is better than that of last year, and the on grid electricity quantity is increased year on year; second, the investment income of joint venture confirmed by equity method is increased year on year; third, the purchase price of coal is decreased year on year, and the unit cost of power supply and heating is decreased year on year.