Core Insights - Datang Power Generation (601991) reported a total electricity generation of approximately 206.24 billion kilowatt-hours in the first three quarters, representing a year-on-year increase of about 2.02% [1] - The increase in electricity generation is attributed to the rise in overall electricity consumption and the continuous growth in installed capacity of renewable energy, along with better hydropower generation compared to the same period last year [1] - As of September 30, 2025, the average on-grid electricity price for the company is 430.19 yuan per megawatt-hour (including tax), reflecting a year-on-year decrease of approximately 4.32% [1] - In the first three quarters of 2025, the company's market-oriented electricity trading volume reached approximately 178.60 billion kilowatt-hours, accounting for about 86.6% of the total [1]

截至2025年9月30日，公司总装机容量82,702.516兆瓦，其中火电煤机48,474兆瓦、火电燃机8,184.54兆 瓦、水电9,204.73兆瓦、风电10,344.89兆瓦、光伏6,494.356兆瓦。2025年第三季度，公司新增装机容量 1,812.839兆瓦，其中火电煤机640兆瓦、火电燃机1,049.27兆瓦、风电118.75兆瓦、光伏4.819兆瓦。 截至2025年9月30日，本公司平均上网电价为人民币430.19元/兆瓦时（含税），同比下降约4.32%。 2025年前三季度，公司市场化交易电量约1,785.95亿千瓦时，所占比例约为86.60%。 格隆汇10月21日丨大唐发电(601991.SH)布，根据本公司初步统计，截至2025年9月30日，本公司及子公 司累计完成上网电量约2,062.41亿千瓦时，同比上升约2.02%。本公司上网电量变化的主要原因是：受 全社会用电量增加、新能源装机容量持续增加影响，公司新能源上网电量同比大幅增长，叠加水电电量 好于同期，公司上网电量同比增加。 ...

Core Insights - Datang Power (00991.HK) reported a preliminary statistic indicating that as of September 30, 2025, the company and its subsidiaries achieved a cumulative electricity generation of approximately 206.241 billion kilowatt-hours, representing a year-on-year increase of about 2.02% [1] Capacity and Generation - As of September 30, 2025, the total installed capacity of the company reached 82,702.516 megawatts, which includes: - Coal-fired power: 48,474 megawatts - Gas-fired power: 8,184.54 megawatts - Hydropower: 9,204.73 megawatts - Wind power: 10,344.89 megawatts - Solar power: 6,494.356 megawatts [1] New Installed Capacity - In the third quarter of 2025, the company added a new installed capacity of 1,812.839 megawatts, which includes: - Coal-fired power: 640 megawatts - Gas-fired power: 1,049.27 megawatts - Wind power: 118.75 megawatts - Solar power: 4.819 megawatts [1]

Core Viewpoint - Datang Power (00991.HK) reported an increase in electricity generation and a decrease in average on-grid electricity price for the period ending September 30, 2025 [1] Group 1: Electricity Generation - The cumulative on-grid electricity generation reached approximately 206.241 billion kilowatt-hours, representing a year-on-year increase of about 2.02% [1] - The market-oriented trading electricity volume for the first three quarters of 2025 was approximately 178.595 billion kilowatt-hours, accounting for about 86.60% of total generation [1] Group 2: Pricing - The average on-grid electricity price was RMB 430.19 per megawatt-hour (including tax), showing a year-on-year decrease of approximately 4.32% [1] Group 3: Installed Capacity - The total installed capacity of the company is 82,702.516 megawatts, which includes 48,474 megawatts of coal-fired power, 8,184.54 megawatts of gas-fired power, 9,204.73 megawatts of hydropower, 10,344.89 megawatts of wind power, and 6,494.356 megawatts of solar power [1] - In the third quarter of 2025, the company added 1,812.839 megawatts of new installed capacity, comprising 640 megawatts of coal-fired power, 1,049.27 megawatts of gas-fired power, 118.75 megawatts of wind power, and 4.819 megawatts of solar power [1]

Core Points - The company, Datang Power (601991)(00991), reported a total electricity generation of approximately 206.24 billion kWh as of September 30, 2025, representing a year-on-year increase of about 2.02% [1] - The increase in electricity generation is primarily attributed to the rise in overall electricity consumption and the continuous growth in installed renewable energy capacity, along with better-than-expected hydropower generation [1] - The average on-grid electricity price for the company was RMB 430.19 per MWh (including tax), which reflects a year-on-year decrease of approximately 4.32% [1] - In the first three quarters of 2025, the company's market-based electricity trading volume was about 178.60 billion kWh, accounting for approximately 86.60% of total generation [1]

Core Insights - The company, Datang Power (00991), reported a preliminary statistic indicating that as of September 30, 2025, the cumulative on-grid electricity generation reached approximately 206.24 billion kilowatt-hours, representing a year-on-year increase of about 2.02% [1] Group 1: Electricity Generation - The increase in on-grid electricity generation is primarily attributed to the rise in overall electricity consumption and the continuous growth in installed renewable energy capacity, leading to a significant year-on-year increase in the company's renewable energy generation [1] - Additionally, the hydropower generation performed better than the same period last year, contributing to the overall increase in on-grid electricity generation [1] Group 2: Pricing and Market Transactions - As of September 30, 2025, the average on-grid electricity price for the company was RMB 430.19 per megawatt-hour (including tax), which reflects a year-on-year decrease of approximately 4.32% [1] - In the first three quarters of 2025, the company's market-based transaction electricity volume was approximately 178.60 billion kilowatt-hours, accounting for about 86.60% of the total electricity generation [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公 告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 00991 证券代码：601991 证券简称：大唐发电 公告编号：2025-053 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 茲 載 列 大 唐 國 際 發 電 股 份 有 限 公 司（「 本公司 」）在 上 海 證 券 交 易 所 網 站 ( http://www.sse.com.cn )刊 登 的《 大 唐 國 際 發 電 股 份 有 限 公 司 關 於 召 開 2025 年 第 三季度業績說明會的公告》，僅供參閱。 承董事會命 孫延文 聯席公司秘書 中國，北京，2025 年 1 0 月 2 1 日 於本公告日，本公司董事為： 李凱、蔣建華、龐曉晉、馬繼憲、朱梅、王劍峰、趙獻國、李忠猛、韓放、金生祥、 宗文龍*、趙毅*、尤勇*、潘坤華*、謝秋野* * 獨立非執行董事 大唐国际发电股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 特别提示 ...

本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條 而 作 出。 一、公司電量情況 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔 任 何 責 任。 00991 海外監管公告 2025 年前三季度上網電量完成情況公告 特別提示 本 公 司 董 事 會 及 全 體 董 事 保 證 本 公 告 內 容 不 存 在 任 何 虛 假 記 載、誤 導 性 陳 述 或 者 重 大 遺 漏，並 對 其 內 容 的 真 實 性、準 確 性 和 完 整 性 承 擔 個 別 及 連 帶 責 任。 大 唐 國 際 發 電 股 份 有 限 公 司（「本公司」或「公 司」）宣 佈，根 據 本 公 司 初 步 統 計， 截 至 2025 年 9 月 30 日，本公司及子公司累計完成上網電量約 2,062.41 億千瓦時， 同比上升約 2.02%，其 中： | | | 2025 年前三季度 上網電量 | | | | --- ...

Core Insights - The Fuxin Coal-to-Natural Gas Project, a national-level demonstration project, has successfully completed the main installation process, marking a significant step in reducing China's dependence on foreign natural gas and promoting energy self-sufficiency and green transformation [1] Project Overview - The first phase of the project is scheduled to be operational by 2026, with an annual capacity to convert 7.5 million tons of low-rank coal into 1.33 billion standard cubic meters of natural gas [1] - The produced natural gas will supply five cities: Shenyang, Fuxin, Tieling, Fushun, and Benxi, benefiting a population of 15.96 million [1] - The project is expected to create over 2,000 jobs and generate an annual output value exceeding 4 billion yuan, with potential to surpass 6 billion yuan through the innovative "coal chemical + new energy" development model [1] Technological Advancements - The project utilizes self-developed technologies such as crushed coal pressurized gasification and efficient methane catalytic processes, achieving over 98% localization in equipment [1] - It aims to convert low-quality coal, which has high carbon emissions and is difficult to utilize directly, into clean and low-carbon natural gas [1]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 918.87% and Ningde Times (03750) at -17.09% [1][2] Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 918.87% with a deviation value of 109.61% [2] - Hongye Futures (03678) follows with a premium rate of 246.28% and a deviation value of 16.95% [2] - Zhejiang Shibao (01057) ranks third with a premium rate of 241.04% and a deviation value of 19.03% [2] Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -17.09% with a deviation value of -2.80% [2] - Heng Rui Pharmaceutical (01276) has a premium rate of -1.38% and a deviation value of 1.69% [2] - China Merchants Bank (03968) has a premium rate of 0.51% with a deviation value of -4.32% [2] Top AH Share Deviation Values - Northeast Electric (00042) leads with a deviation value of 109.61% [2] - Changfei Optical Fiber (06869) has a deviation value of 31.51% [2] - Shandong Molong (00568) follows with a deviation value of 26.68% [2] Bottom AH Share Deviation Values - Shanghai Electric (02727) has the lowest deviation value at -25.42% [3] - China National Foreign Trade Transportation Group (00598) has a deviation value of -16.00% [3] - COSCO Shipping Energy Transportation (01138) has a deviation value of -14.18% [3]