TAC Latest Report

Performance Review

Transalta's total operating revenue reached RMB678,000,000 as of December 31, 2024, up 8.65% from RMB624,000,000 as of December 31, 2023. This growth indicates an improvement in the company's revenue, possibly due to increased market demand or business expansion.

Key Financial Data

1. Transalta's total operating revenue grew to RMB678,000,000 in 2024, up 8.65% YoY.

2. PTA product sales grew 12.43% YoY in the first three quarters of 2024, while new material product sales grew 35.25%.

3. Despite the downward trend in international oil prices, the trend of PTA products' volume and price increase still exists.

4. Transalta's cooperation with X-energy in researching small modular nuclear reactors demonstrates its positive attitude towards new technology exploration.

5. Government support for renewable energy policies provides strong guarantees for the company's revenue growth.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the energy industry in 2024 generally showed a growth trend, especially in the renewable energy sector, as the global emphasis on sustainable development has driven the industry's overall revenue growth. The revenue of the thermal power and hydropower sectors grew 47.63% and 23.20% YoY, respectively.

2. Peer evaluation analysis: Transalta's total operating revenue growth rate of 8.65% is in the middle and upper levels in the industry, showing its competitiveness in the market, especially when facing challenges faced by other companies in the industry, Transalta's performance is relatively stable.

Summary

Based on the above analysis, Transalta achieved stable revenue growth in 2024 through effective market demand response, business expansion, and cost control. In particular, the positive policy support and technology exploration in the renewable energy sector have laid a foundation for the company's future development.

Opportunities

1. With the rising demand for renewable energy, Transalta is expected to further expand its market share.

2. Continued investment in the research of small modular nuclear reactors may bring new sources of revenue for the company.

3. The emphasis on environmental protection and sustainable development policies by the market will drive investment in the company's green energy projects.

Risks

1. Fluctuations in electricity prices may affect the company's profitability.

2. The company may face changes in the regulatory and policy environment, affecting its operational stability.

3. Climate change-related risks may create uncertainties for the company's long-term projects.