Jie Wu

Vice President and Research Analyst at Haitong Securities

Jie Wu is a Vice President and Research Analyst at Haitong Securities, specializing in coverage of China’s automotive sector with a particular focus on major manufacturers such as BYD. Wu has contributed in-depth research, including hands-on vehicle teardown analyses, exemplified by a leading role in a widely recognized BYD Yuan EV teardown report that has been cited in industry publications and has informed valuation perspectives for prominent firms in the sector. Starting their career in financial research with a specialization in auto industry analysis, Wu joined Haitong Securities in the early 2020s after prior experience at regional brokerages. Wu holds securities licenses registered through the China Securities Regulatory Commission and maintains an active analyst standing on major research platforms, consistently ranking above industry averages for accuracy and investment returns in auto-related equities.

Jie Wu's questions to HUNGF leadership

Question · Q3 2023

Oct 25, 2023

Inquired about the dividend payout policy for the upcoming year, the coal consumption rate for the first three quarters, and the reason for the premium on market-based solar tariffs compared to the benchmark.

Answer

The company reiterated its dividend policy of a minimum 50% payout ratio, contingent on profitability and cash flow. The coal consumption rate was 294 g/kWh. The premium on solar tariffs was attributed to participation in the green power market, where tariffs were 18.38% above benchmark, and to distributed generation sales.

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