Connect with us

Technology

Beijing Energy International: Quadruple Growth in Four Years, Total Assets Surpass 100 Billion!

Published

4 months ago

on

BEIJING, Aug. 30, 2024 /PRNewswire/ — In today’s China, the cultivation and development of new quality productive force is in full swing. Green development is the essence of high-quality development, and new quality productive force is inherently green productivity. Actively developing clean energy is crucial to the overall economic and social development. In addressing global climate change, strengthening ecological civilization, and promoting the green and low-carbon transition of the economy and society, China’s clean energy industry continues to advance, with the scale of development and utilization leading the world. Exploring pathways for high-quality development of clean energy and building a green, low-carbon, and circular economy are of great significance for actively and steadily advancing carbon peaking and carbon neutrality, as well as establishing a beautiful China.

With the tailwind at our back, it’s the perfect time to forge ahead. Recently, Beijing Energy International (00686.HK) disclosed its performance for the first half of 2024. The report shows that its total assets reached 101.8 billion RMB, a 13% increase from the beginning of the year; total installed capacity reached 10.045 million kilowatts, a 17% increase from the beginning of the year; achieving its interim target. Its operating income reached 3.272 billion RMB, up 27% year-on-year; total profit reached 434 million RMB, also up 27% year-on-year. Beijing Energy International (hereinafter referred to as “the company”) has become the first platform within Beijing Energy Holding (BEH) to exceed 100 billion in assets, setting a new benchmark for comprehensive strength.

Strategic Vision: Leading with Excellence

Innovators lead, adapters thrive, and wisers succeed. In 2020, the company was restructured, with the new leadership demonstrating insight and pragmatism. In just one year, the company turned losses into profits. Over the past four years, the company has stayed ahead of the curve by understanding industry trends, continuously innovating its strategy with sharp insight and forward-thinking, thereby sustaining a trajectory of high-quality development.

Wisers grasp trends, and winners leverage them. In 2024, to achieve the corporate vision of becoming the most respected international player in clean energy investment and operations, the company reshaped its strategic development plan, promoted institutional reform, and explored the “dual-circle, one-center and one-focus” strategic pathway. It established a new business structure centered around “Energy + Intelligent Computing,” with six synergistic business segments: wind, solar, hydropower, integrated energy, gas turbines, green hydrogen, and intelligent computing.

Enhancing Quality through Innovation: Promoting Development through Diverse Business Models

The company aims to improve asset quality and economic benefit, focusing on cost reduction and efficiency improvement. It aligns its work with the main lines of “focusing on the main business, diversified drivers, lean management, and innovation for effectiveness,” promoting coordinated development across its six business segments, with multiple key projects achieving breakthroughs.

At the project development level, the dual-circle base projects have seen significant favorable developments. The “Northeast Songliao Clean Energy Base Power Transmission to North China Project” has been included in the plan, with the energy bureaus of Heilongjiang and Jilin provinces both explicitly supporting the company’s lead in the “Green Electricity to Beijing” Project of the Northeast base. The East China base project continues to make breakthroughs, and the East China Branch has obtained 5.1 GW equity installed capacity of new energy in the Yangtze River Delta region. Additionally, the Southwest Branch has secured a 1 GW wind power project construction quota in Panzhou City, Guizhou Province, marking a major breakthrough in its new energy industry layout in Guizhou.

In the diversified business development field, energy storage, gas turbines, green hydrogen, and intelligent computing have flourished, establishing differentiated competitive advantages. A new chapter of coordinated development of “Energy + Intelligent Computing” has kicked off, creating a crucial foundation for Beijing’s digital economy innovation, with the data industry platform gradually maturing. The storage battery module independently designed and developed by the Beijing Jingneng International Integrated Smart Energy Company has completed the new national standard product certification, indicating that this company has the capability for independent R&D and system integration of storage products, meeting the energy storage and reserve needs in regional project development processes. The Chongqing Dazu 2*500 MW gas turbine power station project has been included in the “14th Five-Year Plan for Power Development in Chongqing,” meeting the requirements for initial groundwork. Additionally, a cooperation consensus was reached with Zhangjiakou’s Xuanhua District Government and HBIS Xuan Steel to accelerate the implementation of the “Green Electricity to Green Hydrogen, and Green Hydrogen for Metallurgy” project, jointly creating a leading national demonstration project that is internationally leading.

In overseas business expansion, the company has emerged as the largest Chinese enterprise in Australia, methodically establishing a new profit growth center. It is in the process of acquiring a local Australian electricity sales company, boosting market expectations for its Australian branch to join the ranks of top-tier power enterprises, and striving to realize overseas asset securitization. With an expanded global vision, the company plans to launch a Canadian photovoltaic project next year, positioning it as a strategic pivot to develop new growth centers beyond Australia and secure new footholds for its overseas market expansion.

Enhancing Quality through Trust: Optimizing the Company’s Capital Structure

In 2023, the company was assigned by with a Long-Term Foreign-Currency IDR of ‘A’ by Fitch Ratings, a Long-Term Issuer rating of ‘BBB+’ by Standard & Poor’s Global Ratings; and in 2024, it was assigned a ‘AAA’ Long-term Issuer Credit Rating by China Lianhe Credit Rating Co., Ltd. and an ESG Entity Rating of ‘2’ and an entity score of 78 by Sustainable Fitch, marking the highest publicly disclosed ESG score by Fitch in China’s history. These excellent credit ratings have helped the company gain dual recognition from capital markets and financial regulators. The strong ESG ratings also fully demonstrate the company’s confidence and commitment to supporting high-quality green and low-carbon energy development in China. Initial progress in the introduction of strategic investors has been made, and investment intention has been reached with multiple companies. The company has issued a total of 5 billion RMB in Panda perpetual bonds in the interbank market and plans to issue an additional 5 billion RMB in perpetual bonds, aiming to issue them in installments within 2024. The defect elimination task at the Baoshan Energy Development’s Hydropower Station is nearing completion, and efforts to enlarge the fundraising of hydropower REITs are accelerating, with plans to further explore quality wind and solar power station projects for the next round of fundraising expansion, continuously enhancing asset securitization. By leveraging its stellar reputation and growth expectations in the industry, the company focuses on results by connecting with influential and high-potential entities both domestically and internationally. Through actively pursuing potential investors, it continuously refines its shareholder base, and genuinely cuts down on the cost of equity capital.

Enhancing Quality through Integration: Building Intellectual Support for Development

The capable journey far, and the inclusive attain greatness. The company is driving forward institutional reform, attracting top talent across diverse market segments with its multi-segment business lineup. By continually refining talent allocation and systematically promoting positive empowerment, it unlocks potential by focusing on practical outcomes and injecting new energy. The company is committed to nurturing talent, ensuring that everyone’s potential is fully realized.

The company revitalizes its corporate culture, refining and distilling its core values. With a focus on both the present and the future, it has fostered an “Integration Culture.” This culture is built on pillars of growth and unity, self-driven responsibility, transparency, diligence, a pursuit of excellence, and a spirit of openness and innovation. By using culture to guide development and harness collective strength, the company fosters an intrinsic drive for sustainable growth, paving the way for high-quality development and making the vision of making the clean energy accessible for all.

The remarkable past is now history, and the brilliant present continues to unfold. Moving into the second half of 2024, the company highlights this message: “We remain committed to our entrepreneurial spirit, embracing change, striving for excellence, and maintaining a focus on high-quality development. Our goal is to maximize company value and enhance shareholder interests.”

View original content:https://www.prnewswire.com/apac/news-releases/beijing-energy-international-quadruple-growth-in-four-years-total-assets-surpass-100-billion-302234859.html

SOURCE Beijing Energy International Holdings Co., Ltd.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

Published

1 hour ago

on

December 22, 2024

By

Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

View original content to download multimedia:https://www.prweb.com/releases/as-2025-irs-mileage-rate-hits-70-cents-expert-warns-ditch-risky-apps-for-secure-paper-tracking-302337779.html

SOURCE Gig economy expert Ed Ryder

Continue Reading

Technology

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

Published

1 hour ago

on

December 22, 2024

By

NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-ascension-health-customers-whose-data-may-have-been-compromised-302337976.html

SOURCE Edelson Lechtzin LLP

Continue Reading

Technology

Earth’s pulse monitored: a review highlights remote sensing time series progress

Published

5 hours ago

on

December 22, 2024

By

As urbanization accelerates and environmental dynamics shift, the need for accurate and timely terrestrial monitoring has never been more urgent. A review has introduced a novel approach to remote sensing time series analysis, integrating multi-source data to enable near real-time monitoring. This innovative methodology promises to transform environmental conservation and urban planning by providing unprecedented insights into terrestrial changes and offering a more precise understanding of environmental dynamics.

GUANGZHOU, China, Dec. 22, 2024 /PRNewswire-PRWeb/ — An international team of researchers from South China Normal University, the University of Connecticut, and the Chinese Academy of Sciences has made a significant breakthrough in remote sensing. Their review, published (DOI: 10.34133/remotesensing.0285) in the Journal of Remote Sensing on December 11, 2024, addresses key challenges in remote sensing, such as incomplete data and noise interference. The team’s new time series analysis technique leverages advanced data reconstruction and fusion methods, significantly enhancing the precision and efficiency of remote sensing for monitoring environmental changes.

The research team has developed an advanced time series analysis technique that combines deep learning algorithms with traditional remote sensing methods to integrate data from various remote sensing sources. This innovative approach allows for the extraction of subtle patterns from large, complex datasets, which is crucial for monitoring critical environmental parameters such as land use and vegetation health. Unlike conventional techniques that struggle with incomplete or noisy data, this new methodology offers enhanced accuracy and more reliable insights into terrestrial dynamics, paving the way for more effective environmental monitoring.

Central to the study’s success is the integration of Long Short-Term Memory (LSTM) networks and Generative Adversarial Networks (GANs) to address the challenges posed by missing or noisy data. The LSTM networks capture temporal trends over time, while the GANs generate synthetic data that mimics real-world observations to fill gaps and correct for atmospheric distortions. This dual approach has resulted in a cleaner, more accurate time series dataset, which was validated against independent ground truth measurements. The researchers demonstrated significant improvements in key vegetation indices, such as the Normalized Difference Vegetation Index (NDVI), setting a new benchmark in the field of remote sensing.

Experts in the field have lauded the study’s potential to revolutionize remote sensing applications. They see the method as a transformative tool for enhancing high-resolution monitoring and extending its coverage, particularly in agricultural surveillance, urban planning, and environmental management. “This method represents a crucial advancement in our ability to monitor environmental changes,” says Professor Fu. “As it evolves, it could play a key role in addressing climate change and other global challenges.”

The methodology’s future applications are vast, especially in global environmental monitoring and supporting sustainable development goals. By integrating multi-temporal data from Landsat and Sentinel-2 satellites, the team has created a framework for accurate and continuous terrestrial analysis. As computational power advances and algorithms improve, this technology is expected to become a vital tool for natural resource management, disaster response, and climate change mitigation. In the years to come, it could provide critical data to help policymakers address pressing environmental issues on a global scale.

References

DOI

10.34133/remotesensing.0285

Oiginal Source URL

https://doi.org/10.34133/remotesensing.0285

Funding information

This work was supported by the National Nature Science Foundation of China (grant numbers 42425001 and 42071399).

About Journal of Remote Sensing

The Journal of Remote Sensing, an online-only Open Access journal published in association with AIR-CAS, promotes the theory, science, and technology of remote sensing, as well as interdisciplinary research within earth and information science.

Media Contact

George Hua, Chuanlink Innovations, 1 8656606278, TranSpread1@gmail.com, http://chuanlink-innovations.com/

View original content to download multimedia:https://www.prweb.com/releases/earths-pulse-monitored-a-review-highlights-remote-sensing-time-series-progress-302337250.html

SOURCE Journal of Remote Sensing

Continue Reading

Trending