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上海电力(600021) - 上海电力股份有限公司2025年度第七期超短期融资券发行结果公告
2025-07-17 09:47
证券简称:上海电力 证券代码:600021 编号:临 2025- 067 | 债务融资工 | 上海电力股份有限公司2025年 | 债务融资工具 | 25沪电力SCP007 | | --- | --- | --- | --- | | 具名称 | 度第七期超短期融资券 | 简称 | | | 代码 | 012581682 | 债务融资工具 期限 | 51日 | | 计息方式 | 付息固定利率 | 发行总额 | 21亿元/人民币 | | 起息日 | 2025年7月16日 | 兑付日 | 2025年9月5日 | | 发行价格 | 100元/百元 | 票面利率 (年化) | 1.59% | | 承销商 | 招商银行股份有限公司,上海银行股份有限公司 | | | 本期超短期融资券通过簿记建档集中配售的方式在全国银行间债券市场公开发 行,募集资金主要用于偿还到期债券。 特此公告。 上海电力股份有限公司董事会 二〇二五年七月十八日 上海电力股份有限公司 2025 年度 第七期超短期融资券发行结果公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任 ...
上海电力提质增效半年预盈超17.5亿 加快绿色转型清洁能源装机占61.8%
Chang Jiang Shang Bao· 2025-07-14 23:48
Core Viewpoint - Shanghai Electric's operating performance continues to grow, with a projected net profit increase of 32.18% to 57.27% for the first half of 2025 compared to the previous year [1][2]. Financial Performance - The company expects a net profit attributable to shareholders of between 1.754 billion and 2.087 billion yuan for the first half of 2025, marking a significant year-on-year increase [1][2]. - In 2024, Shanghai Electric achieved an operating income of 42.734 billion yuan, a 0.78% increase year-on-year, and a net profit of 2.046 billion yuan, up 28.46% year-on-year [2]. - For the first quarter of 2025, the company reported an operating income of 10.443 billion yuan, a slight decrease of 1.56% year-on-year, but net profit and non-recurring net profit increased by 30.78% and 27.04%, respectively [2][3]. Operational Efficiency - The company has implemented measures to enhance quality and efficiency, resulting in a decrease in fuel and capital costs [3]. - Shanghai Electric's expense control has shown significant results, with the expense ratio dropping from 16.88% in 2021 to 10.99% in the first quarter of 2025 [3]. - The gross profit margin and net profit margin improved to 25.89% and 14.05%, respectively, in the first quarter of 2025 [3]. Clean Energy Transition - Shanghai Electric is focusing on green transformation and clean energy investments, with clean energy accounting for 61.83% of its installed capacity as of June 2025 [1][4]. - The company aims to complete a total power generation of 79.986 billion kilowatt-hours in 2025, with a total operating income target of 42.982 billion yuan [5]. Generation Capacity and Output - As of June 2025, Shanghai Electric's total installed capacity was 25.8013 million kilowatts, with coal power accounting for 38.17% and renewable sources (wind and solar) making up 47.8% [4][5]. - The company reported a total power generation of 37.848 billion kilowatt-hours in the first half of 2025, a year-on-year increase of 5.48% [5]. Financial Health - Shanghai Electric's debt ratio improved to 69.80% in the first quarter of 2025, down from 71.90% at the end of 2024 [6]. - The company's financial expenses decreased by 25.28% year-on-year to 671 million yuan in the first quarter of 2025 [6]. - The net cash flow from operating activities increased by approximately 47.53% year-on-year to 2.734 billion yuan in the first quarter of 2025 [6].
7月14日晚间重要公告一览
Xi Niu Cai Jing· 2025-07-14 10:17
Group 1 - Aerospace Science and Technology expects a net profit of 68 million to 95 million yuan for the first half of 2025, representing a growth of 1628.83% to 2315.27% compared to the same period last year [1] - Huaxia Airlines anticipates a net profit of 220 million to 290 million yuan for the first half of 2025, an increase of 741.26% to 1008.93% year-on-year [1] - Shida Group forecasts a net loss of 44 million to 65 million yuan for the first half of 2025, marking a shift from profit to loss [1] Group 2 - Jiaao Environmental Protection expects a net loss of 70 million to 90 million yuan for the first half of 2025 [3] - Haima Automobile predicts a net loss of 60 million to 90 million yuan for the first half of 2025, compared to a loss of 152 million yuan in the same period last year [3] - Huaibei Mining anticipates a net profit of approximately 1.027 billion yuan for the first half of 2025, a decrease of about 65% year-on-year [3] Group 3 - Quanfu Automobile expects a net loss of 155 million to 185 million yuan for the first half of 2025 [5] - Gaode Infrared signed a procurement agreement worth 879 million yuan, which is expected to positively impact its operating performance for the year [5] - Zhongchen Co. won a project from Southern Power Grid worth 379 million yuan, representing 12.26% of its audited revenue for 2024 [5] Group 4 - Daheng Technology anticipates a net loss of 406,000 yuan for the first half of 2025, compared to a loss of 988,250 yuan in the same period last year [6] - Dazhongnan expects a net profit of 6.5 million to 8 million yuan for the first half of 2025, a recovery from a loss of 15.325 million yuan last year [6] - Xianfeng Holdings projects a net profit of 34 million to 42 million yuan for the first half of 2025, a year-on-year increase of 524.58% to 671.53% [7] Group 5 - Shuangxiang Co. expects a net profit of 115 million to 150 million yuan for the first half of 2025, a growth of 128.1% to 197.53% year-on-year [8] - ST Xintong anticipates a net loss of 67 million to 97 million yuan for the first half of 2025 [9] - Jishi Media forecasts a net loss of 187 million to 233 million yuan for the first half of 2025 [10] Group 6 - Suli Co. expects a net profit of 72 million to 86 million yuan for the first half of 2025, a year-on-year increase of 1008.39% to 1223.91% [11] - Wanli Co. anticipates a net loss of 19 million yuan for the first half of 2025, compared to a loss of 12.9238 million yuan last year [12] - Langzi Co. projects a net profit of 22 million to 26 million yuan for the first half of 2025, an increase of 31.74% to 55.69% year-on-year [14] Group 7 - Changjiang Securities expects a net profit of 1.652 billion to 1.81 billion yuan for the first half of 2025, a growth of 110% to 130% [15] - Huahong Technology anticipates a net profit of 70 million to 85 million yuan for the first half of 2025, a year-on-year increase of 3047.48% to 3721.94% [16] - Chenhua Co. plans to invest 30 million yuan in financial products with an expected annual yield of 3.20% [16] Group 8 - Zijing Mining expects a net profit of approximately 23.2 billion yuan for the first half of 2025, a growth of about 54% year-on-year [28] - Limin Co. anticipates a net profit of 26 million to 28 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [29] - Huazhong Securities expects a net profit of 1.035 billion yuan for the first half of 2025, a growth of 44.94% year-on-year [30]
公用环保202507第2期:零碳园区建设推进,2025年可再生能源电力消纳责任权重发布
Guoxin Securities· 2025-07-14 09:26
Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [4][22]. Core Insights - The construction of zero-carbon parks is being accelerated, with the release of renewable energy power consumption responsibility weights expected by 2025 [1][17]. - The report highlights the increasing responsibility weights for renewable energy consumption across various provinces, with most provinces expected to exceed 20% by 2025 [17][20]. - The report emphasizes the importance of integrating renewable energy development with energy management systems to achieve carbon neutrality [22][23]. Market Review - The Shanghai Composite Index rose by 0.82%, while the public utility index increased by 1.11% and the environmental index by 3.17% [1][24]. - Within the electricity sector, coal-fired power increased by 0.41%, hydropower by 0.42%, and renewable energy generation by 1.05% [1][25]. Important Policies and Events - The National Development and Reform Commission, Ministry of Industry and Information Technology, and National Energy Administration issued a notice to accelerate the transformation of energy structures in parks and promote energy conservation and carbon reduction [15][16]. - Hainan Province's implementation plan for market-oriented reform of renewable energy grid prices includes a pricing structure for existing projects and competitive bidding for new projects [16] . Investment Strategy - Recommendations include major coal-fired power companies like Huadian International and Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [3][22]. - The report suggests that nuclear power companies like China Nuclear Power and China General Nuclear Power will maintain stable profitability [3][22]. - In the environmental sector, companies like China Everbright Environment and Zhongshan Public Utilities are highlighted as potential investment opportunities [23][22]. Key Company Earnings Forecasts and Investment Ratings - Huadian International: Outperform, with an expected EPS of 0.46 in 2024 and 0.62 in 2025 [8]. - Longyuan Power: Outperform, with an expected EPS of 0.75 in 2024 and 0.85 in 2025 [8]. - China Nuclear Power: Outperform, with an expected EPS of 0.46 in 2024 and 0.50 in 2025 [8]. Industry Dynamics and Company Announcements - The report notes that the water and waste incineration sectors are entering a mature phase, with significant improvements in free cash flow [23]. - The report also highlights the potential for domestic waste oil recycling companies to benefit from the EU's SAF blending policy [23]. Industry Key Data Overview - In May, the industrial power generation increased by 0.5% year-on-year, with a total of 737.8 billion kWh generated [49][60]. - The total electricity consumption in May reached 809.6 billion kWh, reflecting a year-on-year growth of 4.43% [57][60].
突发!刚刚,利好来了!
中国基金报· 2025-07-14 07:54
Group 1: Coal Sector Insights - The coal sector experienced a significant boost on July 14, with stocks like Zhengzhou Coal Power hitting the daily limit up, and other companies such as Shanxi Coal International and Liaoning Energy also seeing substantial gains [4][7]. - The China Coal Transportation and Marketing Association held a meeting emphasizing the need for coal companies to recognize the severe imbalance in supply and demand, and to strictly implement long-term contracts for electricity coal [7]. - The meeting also highlighted the importance of maintaining safety and stability in production, improving coal supply quality, and addressing "involution" competition within the industry [7]. Group 2: Market Performance - On July 14, the A-share market showed mixed results, with the Shanghai Composite Index rising by 0.27%, while the Shenzhen Component and ChiNext Index fell by 0.11% and 0.45% respectively [15]. - A total of 3,179 stocks rose, with 72 hitting the daily limit up, while 2,064 stocks declined, including 18 that hit the daily limit down [16][17]. - The total trading volume reached 14,809.22 billion CNY, with a total of 122,924.9 million shares traded [17]. Group 3: Other Sector Developments - The "anti-involution" policy is expected to stimulate market liquidity and has drawn comparisons to the "Belt and Road Initiative" in terms of its long-term narrative potential [8]. - Various sectors, including construction, steel, and cement, have expressed intentions to address structural contradictions within their industries, with specific policies anticipated to be introduced soon [9]. - In Dongguan, a new plan was released to promote high-quality service consumption, including initiatives to enhance dining experiences and expand elderly care services [11][13].
核电新突破 概念股大幅上涨!融资客加仓的核电概念股出炉
Zheng Quan Shi Bao Wang· 2025-07-14 04:35
Core Viewpoint - The nuclear power sector is experiencing significant activity, with various stocks seeing increased investment and notable price increases following the successful production of uranium in China's largest natural uranium capacity project, "Guo Uranium No. 1" [3][5]. Group 1: Market Activity - The nuclear power sector was active in early trading, with stocks such as China Nuclear Technology hitting the daily limit, and other companies like Rongfa Nuclear Power and China Nuclear Construction showing strong gains [3]. - A report from Goldman Sachs indicates that the nuclear power sector is entering a golden decade, with the uranium market facing a structural shortage that is expected to accelerate by 2025, leading to a projected global uranium shortfall of 130 million pounds by 2040 [4]. Group 2: Company Performance - Six nuclear power concept stocks have released performance forecasts for the first half of 2025, with companies like Yongding Co., Hai Lu Heavy Industry, Shanghai Electric, and沃尔核材 expecting positive results [5]. - Shanghai Electric is projected to have the highest net profit, estimated between 1.754 billion to 2.087 billion yuan, representing a year-on-year growth of 32.18% to 57.27% [6]. - Yongding Co. anticipates the highest growth rate, with a forecasted net profit of 260 million to 320 million yuan, indicating a staggering increase of 731% to 922% compared to the previous year [6]. Group 3: Stock Performance - Most nuclear power concept stocks have seen price increases this year, with companies like Ha Welding and Rongfa Nuclear Power achieving over 60% gains, and specific stocks like Ha Welding and Rongfa Nuclear Power seeing increases of 102.52% and 101.31%, respectively [5][6]. - The stock of China Nuclear Technology recently hit the daily limit, reflecting strong market interest and confidence in its industrial valve product capabilities and ongoing research in nuclear fusion technology [5]. Group 4: Investment Trends - Since July, over ten nuclear power concept stocks have received net financing inflows, with Yongding Co., Dongfang Zirconium, Yongxing Materials, and Snowman Group leading in net buying amounts [5][7]. - The top net buying nuclear power concept stocks include Yongding Co. with a market value of 13.012 billion yuan and a year-to-date increase of 80.52%, followed by Dongfang Zirconium and Yongxing Materials with respective increases of 51.63% and 29.08% [7].
电力股拉升 豫能控股等多股涨停
news flash· 2025-07-14 01:42
Core Viewpoint - The power sector has experienced a significant rally, with multiple stocks, including YN Holdings, hitting the daily limit up, driven by extreme heat conditions across the country [1] Group 1: Stock Performance - YN Holdings has reached the daily limit up, indicating strong investor interest [1] - Other companies such as Jintou Energy, Huadian Liaoning, and Jin Control Power have seen their stock prices increase by over 5% [1] - Additional stocks like Jiuzhou Group, Shanghai Electric, and Gansu Energy have also shown upward movement [1] Group 2: Weather Impact - The Yangtze River basin has recently experienced a "post-mei" period, leading to widespread high temperatures [1] - The eastern region of China is experiencing temperatures 0.5-1.5°C higher than the historical average [1] - The number of high-temperature days in the Yangtze River basin is expected to increase by 10%-15% [1] Group 3: Power Demand - Local temperatures in Jiangsu and Zhejiang have reportedly exceeded 40°C [1] - The national peak electricity load surged to 14.65 billion kilowatts, marking a historical high and an increase of nearly 1.5 billion kilowatts year-on-year [1]
晚间公告丨7月13日这些公告有看头
第一财经· 2025-07-13 15:16
Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting changes in control, major asset acquisitions, and performance forecasts for the first half of 2025. Group 1: Control Changes and Stock Suspension - Yangdian Technology is planning a change in control, leading to a stock suspension starting July 14, 2025, for up to 2 trading days [3] - Yuanli Co. is also planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is planning a change in control, with stock suspension starting July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which constitutes a major asset restructuring but will not change the actual controller [7] Group 2: Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for H1 2025, a year-on-year increase of 719.25% to 782.27% due to rising sales and prices [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for H1 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 90 million to 110 million yuan for H1 2025, an increase of 236.05% to 310.72% [11] - Jinqilin expects a net profit of around 106 million yuan for H1 2025, a year-on-year increase of 222.36% [12] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan for H1 2025, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan for H1 2025, a year-on-year increase of 140% to 150% [15] - Jiu Yuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan for H1 2025, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan for H1 2025, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan for H1 2025, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan for H1 2025, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan for H1 2025, a year-on-year increase of 60% to 80% [21] - Aopumai expects a net profit of approximately 37 million yuan for H1 2025, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan for H1 2025, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan for H1 2025, a year-on-year increase of 32.18% to 57.27% [24] - Huazhong Securities expects a net profit of 1.035 billion yuan for H1 2025, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan anticipates a net profit of 171 million yuan for H1 2025, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical expects a net profit of 107 million to 119 million yuan for H1 2025, a year-on-year increase of 40% to 55% [27] - Jinhai Biological anticipates a net profit of 127 million to 141 million yuan for H1 2025, a year-on-year increase of 40% to 55% [28] - Kanda New Materials expects a net profit of 50 million to 55 million yuan for H1 2025, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan for H1 2025, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan for H1 2025, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan for H1 2025, turning from loss to profit [33] - Ningbo Fubon anticipates a net profit of 8 million to 12 million yuan for H1 2025, turning from loss to profit [34] - ST Yundong expects a loss of 100 million to 150 million yuan for H1 2025, worsening from the previous year [35] - Kairuide expects a loss of 15 million to 22 million yuan for H1 2025, turning from profit to loss [36] Group 3: Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [38] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [39] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [40] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [41] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [42] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [43] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [44] - Gongda High-tech's general manager plans to reduce their holdings by up to 0.3424% [46] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [47] Group 4: Major Contracts - Dashijiang expects to win a procurement project worth 122 million yuan [49] - Robotech signed significant daily operational contracts worth approximately 14.18 million USD [50]
晚间公告丨7月13日这些公告有看头
Di Yi Cai Jing· 2025-07-13 11:46
Corporate Announcements - Yangdian Technology is planning a change in control, leading to a suspension of its stock from July 14, 2025, for up to 2 trading days [3] - Degute is planning to acquire 100% of Haowei Technology through a combination of share issuance and cash payment, with stock resuming trading on July 14, 2025 [4] - Yuanli Co. is planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is also planning a change in control, with stock suspension from July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which will constitute a major asset restructuring but will not change the actual controller [7] Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for the first half of 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 9 million to 11 million yuan, an increase of 236.05% to 310.72% year-on-year [12] - Jinqilin expects a net profit of approximately 106 million yuan, a year-on-year increase of 222.36% [13] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan, a year-on-year increase of 140% to 150% [15] - Jiuyuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan, a year-on-year increase of 60% to 80% [20] - Aopumai expects a net profit of approximately 37 million yuan, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan, a year-on-year increase of 32.18% to 57.27% [24] - Huazheng Securities reports a net profit of 1.035 billion yuan, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan expects a net profit of 171 million yuan, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical anticipates a net profit of 107 million to 119 million yuan, a year-on-year increase of 40% to 55% [27] - Jinhai Biological expects a net profit of 127 million to 141 million yuan, a year-on-year increase of 40% to 55% [28] - Kangda New Materials forecasts a net profit of 50 million to 55 million yuan, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan, turning from loss to profit [32] - Bofubang anticipates a net profit of 8 million to 12 million yuan, turning from loss to profit [33] - ST Yundong expects a loss of 100 million to 150 million yuan, an increase in loss compared to the previous year [34] - Kerryde expects a loss of 15 million to 22 million yuan, turning from profit to loss [35] Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [37] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [38] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [39] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [40] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [41] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [42] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [43] - Gongda High-Tech's general manager plans to reduce their holdings by up to 0.3424% [44] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [45] Major Contracts - Dash Intelligent has been pre-awarded a procurement project worth 122 million yuan [46] - Robotech has signed significant daily operational contracts amounting to approximately 1.418 million USD [48]
上海电力: 上海电力股份有限公司2025年上半年发电量完成情况公告
Zheng Quan Zhi Xing· 2025-07-13 08:13
Group 1 - The company achieved a consolidated power generation of 37.848 billion kWh in the first half of 2025, representing a year-on-year increase of 5.48% [1] - Coal power generation reached 24.613 billion kWh, up 2.94% year-on-year, while gas power generation increased by 28.05% to 3.817 billion kWh [1] - The average on-grid electricity price (including tax) was 0.58 yuan per kWh, with total on-grid electricity of 36.285 billion kWh, reflecting a 5.51% year-on-year increase [1] Group 2 - As of June 30, 2025, the company's installed capacity was 25.8013 million kW, with clean energy accounting for 61.83% of the total capacity [2] - The breakdown of installed capacity includes coal power at 9.848 million kW (38.17%), gas power at 3.6202 million kW (14.03%), wind power at 5.2356 million kW (20.29%), and solar power at 7.0975 million kW (27.51%) [2]