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huaxianengyuanwang＆huaxiachunenghuoxi，9yue17ri，shenjiaosuoshangshigongsimeidejituan（sz：000333）zhengshidenglugangjiaosuo，shige11nianhou，zheiyijiadianjutouercichongjiipoyuanmeng，zhongchengyijia“a+h”gushangshigongsi。

meidejituancician54.8gangyuandefaxingjiaipo，meigumujizijin310yigangyuan，rongziguimoyechengweiguoqusannianlaigangguzuidaxiangmu。meidejituanshikongrenhexiangjianyiranshidagudong，tongguomeidejituankongguzhangu30.87%。

rujindemeidejituanyijingbushinisuorenshidemeidejituan，qiyewuyijingfugailezhinengjiaju、gongyejishu、louyukeji、jiqirenyuzidonghuaheqitachuangxinyewude“quanqiuhuakejijituan”。

meidejituanyishiyijiabuzhebukoude“guanghuan”bangshendekejijutou，xingchengletongshifuwuxiaofeishichang（toc）yuqiyekehu（tob）bingzhongfazhandeyewujuzhen。

yincibencigangguipomujizijindeyongtu，chulejiadahaiwaishichangtuozhanzhiwai，lingyifangmianzezhuzhongchujiajuyewuyiwaideshangyejigongyejiejuefanganyewutuozhan，zheiqizhongjiubaohanchengdanqi“yewudierzengzhangquxian”dechunengyewu。

neime，chunengyewuweihechengweimeidejituanduonianlaiyazhudexinyewuzhiyi？qi“chunengyipanqi”debujurujinbiaoxianruhe？

持续加码能源新业务

meidejituanyewuzhuyaohangaizhinengjiajuyewu、shangyejigongyejiejuefanganliangdabankuai。jiangyewuleixingzaichaikailaikan，chunengyewuhuaguizai“shangyejigongyejiejuefangan”deyewujiagouzhong。

zheixiangyewubaokuolexinnengyuanjigongyejishu、zhinengjianzhukeji、jiqirenyuzidonghuayijiqitayewu。

rujin，meidejituankehuyijingbianjiquanqiu200duogeguojiahediqu，erjiyuxinnengyuanjigongyejishu，meidejituankeyiyounenglixiangkehutigonglvsenengyuanjiejuefangan，baokuodaxingchuneng、gongshangyechuneng、jiayongchuneng、zhinengdianwang、fenbushiguangfujiejuefangan、xinnengyuanqichelingbujian（baokuoreguanlixitong）dengchanpin，rangqigeleiquanqiukehuchucunheshiyongkezaishengnengyuan。

meidejituandechunengyewubuju，ciqianzhuyaotongguoshougouershixian。meidejituanfenbieyu2020nian、2022nianshougouxinnengyuangongsihekangxinneng（sz：300048）jikeludianzi（sz：002121）luodilechunengyewu，qianzheyouzheepcguangfuyewujigongshangye、huyongchunengdeyoushi，houzheyouzheguangchuyitihuayewudejingyan。

2022nian5yue，shenjiaosuoshangshigongsikeludianzitongguofeigongkaifaxinggupiaodefangshi，youmeidejituanshixiankonggu，yongyoukeludianzi29.96%debiaojuequan，hexiangjianjiangchengweikeludianzideshijikongzhiren。

keludianzizhiyumeidejituandexinyewuqipan，shi“nengyuanguanliyewudezhuyaopingtai”dejiaose。nengyuanguanlishimeidejituanzaibduanshichangdazaodesidasaidaozhiyi，meidejituanyibianshousuofeizhanlveyewu，yibianzaichixujiamanengyuanyewu。

jinru2024nian，chunengzaiguoneizhengchuyugaosuzengzhangqi，jinguanjiagezhanxiongmeng，danzengzhangkongjianjuda。ciwaizheigexingyezaidianchidianxin、dianzidianlijishujichunengjichengjishudenghuanjiemenjianjiaogao。

yinci，zaicicigangguipozhaogushuzhongmeidejituanyebiaoshi，mujizijinjingedeyue10%，huoyue25.97yigangyuanyuqijiangyongyuzhongzhangqiyanfa，baokuoxiayidaichunengjishu、jiqirenyuxiangguanhexinlingbujiandeng。

tongshimeidejituanduichunengxingyefazhandeyupanshifenleguan：jiuxinzengzhuangjirongliangjiazhieryan，yuji2023nianzhi2027nian，quanqiuchunengshichangguimojiangyi37.7%decagr（nianfuhezengzhanglv）jiangjinyibuzengzhang；dao2027nianjiangdadao8570yiyuan。

tongyangyixinzengzhuangjirongliangjiazhijisuan，zhongguoneidichunengshichangguimozengzhangyufaxianzhu，yujizai2023nianzhi2027nianjiangyi48.4%decagrzengzhang，zai2027niandadao2939yiyuan。

zheishimeidejituanzhongshichunengjishuyanfahebujudexingyequshizhujiao。

储能等业务营收增速稳增

meidejituanzaichunengjinengyuanguanliyewushangdetouru，zaiyingshoushangyichujianchengxiao。shujuxianshi，shangyejigongyejiejuefanganyewuduijituandeyejigongxianzaizhujianzengda。

congzhaogushuxianshideyingshoushujulaikan，meidejituanshangyejigongyejiejuefanganyewuzai2021nian、2022nianji2023niandeyingshoufenbiewei733.79yiyuan、836.39yiyuan、977.8yiyuan，zaizongshouruzhongzhanbi21.4%、24.2%、26.2%；jiezhi2024nian4yue30ri，shixianyingshou350.63yiyuan，yingshouzhanbi24%。

meidejituanmingquebiaoshi，shangyejigongyejiejuefanganshiqiyewuriyiqiangdadezengzhangyinqing，jiangjujiaodaxingchunenghegongshangyechuneng，zuizhongshixianyuzhinengjiajuyewuqitoubingjindegeju。

ciwai，jiyuciqianjiadianyewudequanqiuhuabuju，meidejituanchunengyewuzaihaiwaishichangdetuozhanye“chashanglechibang”，muqianzhengzaijijituozhanyazhou、feizhouhenanmeizhoujiqitadiqudechunengshichang，shixianchunengyewuquanqiuhuabuju。

yucitongshi，meidejituanyezaituidongjiayongchunengchanpinyujiadiandejinyiburonghe，weikehudazaojiajuchangjingyitihuadegaoxiaoanquandejiayongchunengjiejuefangan。

guangfu、xinnengyuanqichexingyeyechuchukejianmeidejituantigongdefuwu。meidejituanjinnianlaizhubujiakuaiyufeng、guangxingyejutoudehezuo，lirutongweigufen（sh：600438），gongtongtuijinguangfushebeizaigexingyedeyingyong，tuozhanxiayoushichangxuqiu。

zaixinnengyuanqichelingyu，meidejituanyeshizhuanyede“yifang”，weixingyetigongreguanlixitongjidianjichanpin。meidejituanqixiadekukajituanweiyijiazhongdeheziqiyedeqichezhizaogongchangmeiniantigong30wantaodianchibao，weiqipeibei100taikukajiqirenzaizuzhuangxianjinxinghanjie、nianhehebaozhuanggongzuo。

cicigangguipohou，qihaiwaishichangdetuozhanjichunengyewukuozhangjunyouwangyinglaixingeju。

募资20%用于拓展海外产能

meidejituanyishiyijiabuzhebukoude“guanghuan”bangshendekejijutou。anzhao2023nianxiaoliangjishourujisuan，shiquanqiuzuidadejiadianqiye，anxiaoliangjishichangfenewei7.9%。anzhao2023nianchanliangjisuan，jiadianyasuojiyewuzaiquanqiushichangpaimingdiyi，shichangfenewei30.3%。

zaizhongguoneidi，meidejituanzai2023niandeshouruyezhanjule14.3%deshichangfene，danbukehuibideshi，danjutouyemianlinyali，muqianguoneixiaofeijishichangzengsuhuanman，to cyewuzengzhangyalijuda。

yejishujuxianshi，2021nianzhi2023nianyijijinnianqiansigeyue，meidejituandeshourufenbiewei3434yiyuan、3457yiyuan、3737yiyuanyiji1458yiyuan，jinglirunlvzefenbiewei8.5%、8.6%、9.0%yiji9.4%。

daojinnianshangbannian，qiguoneishichangshourutongbizengzhang8.37%，dafuluohouyushangniantongqi11.09%dezengsu。

yincichulejijikuajiexinnengyuanzhiwai，meidejituanzaijituancengmianyezhengcongliangfangmianjinxing“biange”。

yifangmian，zhudongjinxingyewudiaozheng。shijishangzi2022nianyilai，meidejituanyijingzaizhudongshousuofeizhanlvexingyewu，xianhoudui“yingxiangzhengtiyinglishuiping”dexiaofeileiyewujinxingshousuo，shenzhiguanting。danto byewushang，“baoliujiqirenyugongyezidonghua、louyukeji、xinnengyuanqichelingbujian、chunengdengsidabankuai”。

xianran，zheiyumeidejituanzai2021nianfabude“lvsezhanlve”xiangguan，jiangnengyuanguanlizuoweiqihexintobyewuzhiyi，bingqiezhangqikanhaoxingyeweilaideshichangkongjianhejiazhi

lingyifangmian，jinyibushenwaquanqiushichangqianli。zaozaijinnian3yue，meidejituancfozhongzhengcengbiaoshi，haiwaishichangshimeidejituanweilaidezhugongfangxiangzhiyi。

zhaogushuzhongxianshi，meidejituanyuanyinachucicimujizijinjingedeyue20%，yejiushiyue51.94yigangyuan，yuqijiangyongyutuozhanhaiwaichanneng。

congyewushanglaikan，meidejituanzaihaiwai16geguojiashelile17geyanfazhongxin，zai12geguojiajianshe22gehaiwaishengchanjidi，haiwaiyuangongchaoguo35000ren，shixianlequanqiushengchanhejiaofu，bingqieyijiuzaixunzhaohaiwaiquyushichangdezengzhangjihui。

conghaineiwaiyejishanglaikan，muqian，meidejituandehaiwaishouruzhangongsizongshourubiliyijingchaoguo40%，chanpinyixiaoshouzhiquanqiuchaoguo200geguojiajidiqu。