Core Viewpoint - The article discusses the evolution of electricity supply in China, highlighting the transition from a time of frequent power outages to a modern society with stable electricity access, particularly in rural areas [1][21]. Historical Development - The history of electricity in China dates back to 1879 when Shanghai lit the first electric lamp, establishing a foundation for the country's power development [1]. - Large-scale construction of the national power grid began after the establishment of the People's Republic of China, with significant projects like the 506 transmission line from the Fuling Hydropower Station to Lishizhai, spanning 370 kilometers [2][4]. Challenges in Early Development - The construction faced numerous challenges, including a lack of experience and manpower, requiring workers to rely on manual labor for tasks such as erecting towers and laying cables [4][6]. - The first 220 kV transmission line was completed in 1954, but rural electrification was not prioritized until after the economic reforms [6][8]. Rural Electrification - Initially, rural electrification only met basic lighting needs, with limited power supply and high costs based on the number of light bulbs [8][9]. - By 1997, Hunan Province achieved "village electrification," and by 2006, "household electrification" was completed, although some remote areas still relied on candles and kerosene lamps [13]. Modern Power Generation - China's power generation primarily relies on thermal power, which poses environmental challenges and high costs due to coal transportation [15]. - The government has shifted focus to clean energy sources like hydropower, with significant projects such as the Three Gorges Dam, capable of generating 70 million kilowatt-hours during peak water levels [17]. Infrastructure Investment - Between 1998 and 2004, over 210 billion RMB was invested to ensure stable electricity for 150 million farmers, marking a significant improvement in rural power supply [17]. - Ongoing upgrades to power towers and infrastructure are crucial for maintaining stability against extreme weather events [17]. Recent Challenges - Despite advancements, incidents like the 2022 power restrictions in Sichuan, caused by extreme weather and over-reliance on hydropower, highlight ongoing vulnerabilities in the electricity supply system [21][23]. - The article emphasizes that while the frequency of power outages has decreased, challenges remain to ensure that power supply becomes consistently reliable across all regions [21][23].

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，概不就因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 根據中國有關法例法規，於資產擔保債務融資工具存續期間，五凌電力須 刊發其上一年度的審計報告及本年第一季度的財務報表。上述報表已在中 國貨幣網和上海清算所網站披露，網址分別為www.chinamoney.com.cn及 www.shclearing.com.cn。 以下的未經審核財務資料為五凌電力依據中國當前會計準則編製的初步管 理賬目，並未經五凌電力或本公司的核數師審閱。 內幕消息 | | 截至2025年 | | 於2025年 | | --- | --- | --- | --- | | | 首三個月 | | 3月31日 | | | 人民幣千元 | | 人民幣千元 | | | （未經審核） | | （未經審核） | | 營業收入及其他收入 | 1,609,779 | 資產總額 | 55,199,061 | | 期內淨利潤 | 907,069 | 負債總額 | 37,665,902 | | | | 股東權益 ...

Group 1 - The total installed power generation capacity in the country reached 3.43 billion kilowatts, with a year-on-year increase of 14.6% [1] - By March 2025, the total electricity consumption was 828.2 billion kilowatt-hours, reflecting a year-on-year growth of 4.8% [1] - The Central Committee and the State Council issued opinions on improving the pricing governance mechanism, emphasizing the establishment of pricing policies to promote green and low-carbon transitions [1] Group 2 - According to a report by Galaxy Securities, the energy consumption target assessment for the end of the 14th Five-Year Plan is expected to catalyze the demand for green electricity, with clearer future revenue expectations following the establishment of a sustainable pricing settlement mechanism for renewable energy [1] - The recent sharp decline in coal prices is expected to reverse the market's pessimistic outlook on thermal power for 2025, suggesting a focus on companies with significant market coal exposure and smaller reductions in annual long-term contract electricity prices [1] - In a declining interest rate cycle, hydropower and nuclear power, which have strong dividend attributes, possess long-term investment value, with nuclear power also having high growth potential [1] Group 3 - A report from Guotai Junan indicates that the electricity price for thermal power is better in the northern regions, where the proportion of renewable energy is high, and the scarcity of thermal power is evident [2] - The annual long-term contract electricity price in the southern regions has decreased this year, putting pressure on thermal power plants, which are shifting focus from quantity to price and efficiency [2] - There is a strong possibility of witnessing two historical firsts: an increase in spot electricity prices in 2025 and an increase in annual long-term contracts in 2026 [2] Group 4 - Related Hong Kong-listed companies in the power and electricity grid sector include Huadian International (600027), Huaneng International (600011), China Power International Development (02380), China Resources Power (00836), Datang Power (601991), and CGN Power (01816) [3]

Performance Summary - Industrial and Commercial Bank of China (01398.HK) reported Q1 revenue of 204.688 billion yuan, a decrease of 2.61% year-on-year, and a net profit of 84.156 billion yuan, down 3.99% [3] - China Construction Bank (00939.HK) had Q1 operating income of 185.99 billion yuan, down 4.76% year-on-year, with a net profit of 83.351 billion yuan, also down 3.99% [3] - Agricultural Bank of China (01288.HK) achieved Q1 revenue of 186.735 billion yuan, an increase of 0.32% year-on-year, and a net profit of 71.931 billion yuan, up 2.2% [3] - Bank of China (03988.HK) reported Q1 revenue of 164.911 billion yuan, an increase of 2.41% year-on-year, but a net profit of 58.644 billion yuan, down 2.22% [3] - Postal Savings Bank of China (01658.HK) had Q1 revenue of 89.406 billion yuan, a slight decrease of 0.1%, and a net profit of 25.246 billion yuan, down 2.62% [3] - China Merchants Bank (03968.HK) reported Q1 revenue of 83.731 billion yuan, down 3.11% year-on-year, with a net profit of 37.286 billion yuan, down 2.08% [3] - Bank of Communications (03328.HK) had Q1 net operating income of 66.44 billion yuan, down 1.13%, but a net profit of 25.372 billion yuan, up 1.54% [3] - HSBC Holdings (00005.HK) reported Q1 revenue of 17.649 billion USD, down 14.95%, and a post-tax profit of 7.57 billion USD, down 30.15% [3] - China People's Insurance Group (01339.HK) achieved Q1 revenue of 156.589 billion yuan, up 12.8%, and a net profit of 12.849 billion yuan, up 43.4% [3] - China Life Insurance (02628.HK) reported Q1 revenue of 110.177 billion yuan, down 8.9%, but a net profit of 28.802 billion yuan, up 39.5% [3] - New China Life Insurance (01336.HK) had Q1 revenue of 33.402 billion yuan, up 26.1%, and a net profit of 5.882 billion yuan, up 19% [3] - China National Petroleum Corporation (00857.HK) reported Q1 revenue of 753.108 billion yuan, down 7.3%, but a net profit of 46.809 billion yuan, up 2.3% [3] - CNOOC (00883.HK) had Q1 revenue of 106.854 billion yuan, down 4.1%, and a net profit of 36.563 billion yuan, down 7.9% [3] - Huadian International Power (01071.HK) reported Q1 revenue of 26.577 billion yuan, down 14.14%, but a net profit of 1.93 billion yuan, up 3.66% [3] - China International Marine Containers (01880.HK) had Q1 revenue of 16.746 billion yuan, down 10.96%, and a net profit of 1.938 billion yuan, down 15.98% [3] - Air China (00753.HK) reported Q1 revenue of 40.023 billion yuan, down 0.11%, with a net loss of 2.044 billion yuan, an increase of 22.07% [3] - CITIC Securities (06030.HK) achieved Q1 revenue of 17.761 billion yuan, up 29.13%, and a net profit of 6.545 billion yuan, up 32% [3] - China Galaxy Securities (06881.HK) reported Q1 revenue of approximately 7.558 billion yuan, up 4.77%, and a net profit of approximately 3.016 billion yuan, up 84.86% [3] - CITIC Construction Investment Securities (06066.HK) had Q1 operating income of 4.919 billion yuan, up 14.54%, and a net profit of 1.843 billion yuan, up 50.07% [3] - Huatai Securities (06886.HK) reported Q1 revenue of approximately 8.232 billion yuan, up 34.83%, and a net profit of approximately 3.642 billion yuan, up 58.97% [3] - China Railway Construction (01186.HK) had Q1 revenue of 256.762 billion yuan, down 6.61%, and a net profit of 5.151 billion yuan, down 14.51% [3] - China Energy Engineering (03996.HK) reported Q1 revenue of 100.371 billion yuan, up 3.05%, and a net profit of 1.612 billion yuan, up 8.83% [3] - Times Electric (03898.HK) achieved Q1 revenue of 4.537 billion yuan, up 14.81%, and a net profit of 631 million yuan, up 13.42% [3] - Midea Group (00300.HK) reported Q1 revenue of 127.839 billion yuan, up 20.49%, and a net profit of 12.422 billion yuan, up 38.02% [3] - WH Group (00288.HK) had Q1 revenue of 6.554 billion USD, up 6.0%, and a profit of 364 million USD, up 20.9% [3] - Suncity Group (00880.HK) reported Q1 total revenue of 7.48 billion HKD, up 8.1%, and a net profit of 31 million HKD, turning profitable [3] - COSCO Shipping Ports (01199.HK) had Q1 revenue of 3.82 billion USD, up 14.7%, and a net profit of 839 million USD, up 33.5% [3] - Flat Glass Group (06865.HK) reported Q1 revenue of 4.079 billion yuan, down 28.76%, and a net profit of 106 million yuan, down 86.03% [3] - Zoomlion Heavy Industry (01157.HK) achieved Q1 revenue of 12.117 billion yuan, up 2.92%, and a net profit of 1.41 billion yuan, up 53.98% [3] - Ganfeng Lithium (01772.HK) reported Q1 revenue of approximately 3.772 billion yuan, down 25.43%, with a net loss of approximately 356 million yuan, narrowing by 18.93% [3] - Qingdao Port (06198.HK) had Q1 revenue of 4.807 billion yuan, up 8.51%, and a net profit of 1.402 billion yuan, up 6.51% [3] - China Shipbuilding Defense (00317.HK) reported Q1 revenue of approximately 3.641 billion yuan, up 29.73%, and a net profit of approximately 184 million yuan, up about 11 times [3] - Baiyunshan Pharmaceutical (00874.HK) had Q1 revenue of 22.473 billion yuan, down 2.06%, and a net profit of 1.821 billion yuan, down 6.99% [3] Investment Activities - New China Life Insurance (01336.HK) plans to invest no more than 10 billion yuan to subscribe to a private fund [4] - China Life Insurance (02628.HK) intends to invest 2 billion yuan to establish a partnership [4] Contract Signing - China Metallurgical Group (01618.HK) reported a new contract signing amount of 230.66 billion yuan in Q1, a decrease of 27.2% year-on-year, with overseas contracts amounting to 12.04 billion yuan, down 35.7% [5] Energy Production - Xin Tian Green Energy (00956.HK) completed power generation of 4.5442 million MWh in Q1, an increase of 10.37% year-on-year [6] - China Power (02380.HK) reported total electricity sales of 30.7477 million MWh in the first three months, up 2.59% year-on-year, with March sales of 10.9617 million MWh, up 3.95% [6] - Qingdao Port (06198.HK) achieved a total cargo throughput of 177 million tons in the first three months, up 2.9% year-on-year [6] Licensing Agreement - Fuhong Hanlin (02696.HK) entered into a licensing agreement with Sandoz AG for the commercialization of HLX13 in specified regions [6] Privatization Offer - Dingsheng Creation (00113.HK) received a privatization offer at a premium of approximately 50.63%, with a maximum cash consideration of about 1.0986 billion HKD [7] Share Buybacks - AIA Group (01299.HK) repurchased shares for 342.6 million HKD, buying back 6.2592 million shares at prices between 54.25 and 55.35 HKD [8] - J&T Express-W (01519.HK) repurchased shares for 9.2485 million HKD, buying back 1.54 million shares at prices between 5.98 and 6.03 HKD [8]

重續金融服務框架協議 茲提述本公司日期為二零 二 二 年 五 月 六 日 及 二零二 三 年 八 月 十 七 日 的 公 告，內容有關本公司與國家電投財務訂立的前框架協議及其補充協議，該 等協議將於二零二五年六月六日屆滿。 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，概不就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 的任何損失承擔任何責任。 中 國 電 力 國 際 發 展 有 限 公 司 China Power International Development Limited （在香港註冊成立的有限責任公司） （股份代號：2380） 持續關連交易 及主要交易 國家電投財務自二零一六年六月起根據原有的金融服務框架協議向本集團 提供金融服務，並分別於二零一九年及二零二二年獲重續。於二零二五年 四月二十九日，本公司與國家電投財務訂立一份新的金融服務框架協議， 由二零二五年六月七日至二零二八年六月六日止，為期三年，據此，國家 電投財務已同意在前框架協議及其補充協議屆滿後，繼續按非獨家基準向 本集團提供存款服務、結算服務、貸款服 ...

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，概不就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的任 何損失承擔任何責任。 （股份代號：2380） 二零二五年三月售電量 中國電力國際發展有限公司（「本公司」）宣佈，根據本公司的初步統計，本公司及其附 屬公司（統稱「本集團」）於二零二五年三月的合併總售電量為10,961,682兆瓦時，較去年 同期增加3.95%；而二零二五年首三個月的合併總售電量為30,747,663兆瓦時，較去年同期 增加2.59%。 本集團於二零二五年三月及截至二零二五年三月三十一日止三個月的總售電量，按發電廠 類型列示如下： | 全資擁有或控制 | | | 售電量（兆瓦時） | | | | | --- | --- | --- | --- | --- | --- | --- | | 的發電廠 | 年 2025 | 年 2024 | 同比變化 | 2025 年 | 2024 年 | 同比變化 | | | 月 3 | 3 月 | | 首三個月 | | | | 水力發電 | 1,328,897 | 1,134,1 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司董事会审计与风险管理委员会对立信、信永中和、天健的执业情况进行了充分地了解，经审议，认 为立信、信永中和、天健具备专业胜任能力、投资者保护能力以及良好的独立性和诚信状况，同意聘请 立信、信永中和、天健为公司2025年度财务审计机构，聘请立信为公司2025年度内部控制审计机构并提 交公司董事会审议。 （二）董事会的审议和表决情况 2025年4月25日，公司第四届董事会第八次会议审议通过了《关于中国电力建设股份有限公司聘请2025 年度年报审计机构和内控审计机构的议案》，同意续聘立信、信永中和、天健为公司2025年度财务审计 机构，续聘立信为公司2025年度内控审计机构，表决情况：9票赞成、0票反对、0票弃权。 （三）生效日期 本次续聘立信、信永中和、天健事项尚需提交公司股东大会审议，并自公司股东大会审议通过之日起生 效。 特此公告。 中国电力建设股份有限公司董事会 二〇二五年四月二十八日 证券代码：601669 股票简称：中国电建 公告编号：临2025-021 中国电力建设股份有限公司 关于会计政策变更的公告 本公司董事会及全体董事保证本公告内容不存在任何虚 ...

25 April 2025 China Power International Development Limited (the "Company") - Annual General Meeting ("AGM") of the Company to be held on Thursday, 5 June 2025 The AGM will be held on Thursday, 5 June 2025 at 10:30 a.m. by way of virtual meeting via online platform (the "Online Platform"). Shareholders can attend, participate and vote at the AGM, and submit questions relevant to the proposed resolutions through the Online Platform. CHINA POWER INTERNATIONAL DEVELOPMENT LIMITED 中國電力國際發展有限公司 (incorporated in ...

2. 股東周年大會（「股東周年大會」） 本公司股東周年大會將於 2025 年 6 月 5 日（星期四）上午十時三十分以虛擬會議方式通過網上平台舉行。股東周年大會通告、日期為二零二 五年四月二十五日的通函及二零二四年報（「是次公司通訊」）可於本公司網站（www.chinapower.hk）及披露易網站（www.hkexnews.hk）上 查閱。 中國電力國際發展有限公司 CHINA POWER INTERNATIONAL DEVELOPMENT LIMITED （於香港註冊成立的有限責任公司） （股票代號：2380） 各位非登記股東： 1. 二零二四年報及二零二四年可持續發展報告 中國電力國際發展有限公司（「本公司」）二零二四年報及二零二四年可持續發展報告（英文及中文版本）現分別可於本公司網站 （www.chinapower.hk）「投資者關係」及「環境、社會及管治」一欄及披露易網站（www.hkexnews.hk）上查閱。二零二四年可持續發展報告 僅以電子形式發佈。 如 閣下對本函件有任何疑問，請於辦公時間星期一至五（香港公眾假期除外）上午 9 時正至下午 6 時正（香港時間）期間致電(852)2862 86 ...