Core Viewpoint - The company reported a significant decrease in power generation and grid-connected electricity volume for the third quarter and the first nine months of 2025 compared to the same periods last year, alongside a decline in average grid-connected electricity prices. Group 1: Power Generation and Electricity Volume - In Q3 2025, the company's controlled enterprises achieved a total power generation of 47.891 billion kWh and grid-connected electricity of 46.808 billion kWh, representing a decrease of 14.42% for both metrics compared to the same period last year [1] - For the first nine months of 2025, the total power generation was 124.950 billion kWh and grid-connected electricity was 121.980 billion kWh, showing a decrease of 6.36% and 6.21% respectively compared to the previous year [1] Group 2: Average Grid-Connected Electricity Price - The average grid-connected electricity price for Q3 2025 was 0.334 yuan/kWh, down by 0.9% from the same period last year [1] - For the first nine months of 2025, the average grid-connected electricity price was 0.346 yuan/kWh, reflecting a decrease of 3.9% year-on-year [1] - The decline in average grid-connected electricity prices is attributed to changes in electricity volume structure, a decrease in long-term trading prices for thermal power in certain regions, and an increasing proportion of unsubsidized renewable energy projects [1] Group 3: Installed Capacity - In Q3 2025, the company increased its installed capacity by 660,000 kW, attributed to the commissioning of the Huaxia Power Unit 5 [2] - As of the end of Q3, the total installed capacity of the company's controlled enterprises reached 44,748.5 MW, comprising 21,304.5 MW of hydropower, 13,074.8 MW of thermal power (including waste-to-energy), 3,988.3 MW of wind power, 5,849.4 MW of solar power, and 531.6 MW of energy storage [2]

格隆汇10月17日｜根据国投电力控股股份有限公司初步统计，2025年7-9 月，公司控股企业累计完成发 电量478.91亿千瓦时，上网电量468.08亿千瓦时， 与去年同期相比分别减少14.42%和14.42%。2025年1- 9月，公司控股企业累计 完成发电量1249.50亿千瓦时，上网电量1219.80亿千瓦时，与去年同期相比分 别减少6.36%和6.21%。 ...

Core Viewpoint - The announcement from Guotou Electric Power indicates a significant decline in both power generation and grid-connected electricity volume for the third quarter of 2025 compared to the same period last year [1] Group 1: Power Generation Data - In the period from July to September 2025, the company's controlled enterprises achieved a total power generation of 47.891 billion kilowatt-hours, which represents a decrease of 14.42% year-on-year [1] - The grid-connected electricity volume for the same period was 46.808 billion kilowatt-hours, also reflecting a 14.42% decline compared to the previous year [1] Group 2: Year-to-Date Performance - For the first nine months of 2025, the cumulative power generation reached 124.950 billion kilowatt-hours, marking a decrease of 6.36% compared to the same period last year [1] - The grid-connected electricity volume for the first nine months was 121.980 billion kilowatt-hours, which is a 6.21% reduction year-on-year [1]

格隆汇10月17日丨国投电力(600886.SH)公布，2025年7-9月，公司控股企业累计完成发电量478.91亿千 瓦时，上网电量468.08亿千瓦时，与去年同期相比分别减少14.42%和14.42%。2025年1-9月，公司控股 企业累计完成发电量1249.50亿千瓦时，上网电量1219.80亿千瓦时，与去年同期相比分别减少6.36%和 6.21%。 公司三季度控股投产装机容量增加66万千瓦，为华夏电力5号机组投产。截至三季度末，公司已投产控 股装机容量4,474.85万千瓦，其中水电2,130.45万千瓦、火电1,307.48万千瓦（含垃圾发电）、风电 398.83万千瓦、光伏584.94万千瓦、储能53.16万千瓦。 2025年7-9月,公司控股企业平均上网电价0.334元/千瓦时,与去年同期相比减少0.9%。2025年1-9月,公司 控股企业平均上网电价0.346元/千瓦时,与去年同期相比减少3.9%。 2025年1-9月份控股企业平均上网电价同比变动情况说明:平均上网电价同比下降的主要原因：一是电量 结构变化，即火电上网电量下降，电价较高部分对应电量比例降低；二是部分区域火电中长期交易价格 下降 ...

国投电力公告，2025年7-9月，公司控股企业累计发电量478.91亿千瓦时，上网电量468.08亿千瓦时，均 同比减少14.42%；平均上网电价0.334元/千瓦时，同比减少0.9%。2025年1-9月累计发电量1249.5亿千瓦 时，上网电量1219.8亿千瓦时，分别同比减少6.36%和6.21%；平均上网电价0.346元/千瓦时，同比下降 3.9%。三季度新增控股装机容量66万千瓦，截至期末控股装机容量4474.85万千瓦。 ...

Group 1 - The company appointed Mr. Zhou Changxin as the Secretary of the Board and Chief Legal Counsel (Chief Compliance Officer), and Mr. Gao Peng as the Deputy General Manager during the 13th Board of Directors' second meeting held on October 15, 2025 [1][2] - The terms for the newly appointed positions will last until the next board election [2] - Mr. Zhou Changxin meets the qualifications required for the role of Secretary of the Board, although he has not yet obtained the necessary training certification from the Shanghai Stock Exchange [2] Group 2 - Mr. Gao Hai resigned from his positions as Deputy General Manager, Secretary of the Board, and Chief Legal Counsel (Chief Compliance Officer) due to work adjustments, effective October 15, 2025 [3] - His resignation will not affect the normal operations of the company, and he has completed the necessary work handover [3]

Core Viewpoint - The company, Guotou Electric Power, announced the appointment of Mr. Gao Peng as the new Vice General Manager [1] Group 1 - The board of directors of Guotou Electric Power approved the hiring of Mr. Gao Peng [1]

Core Viewpoint - The company Guotou Electric Power (600886.SH) aims to expand its financing channels and optimize its capital structure by issuing equity-type REITs products based on its subsidiary Guotou New Energy (Honghe) Co., Ltd.'s photovoltaic assets, with a registered issuance scale not exceeding 1.552 billion yuan [1] Group 1 - The company is focusing on revitalizing its existing assets through the issuance of REITs [1] - The registered issuance scale of the REITs is capped at 1.552 billion yuan [1] - The targeted assets for this issuance are the photovoltaic assets of the subsidiary [1]

证券代码：600886 证券简称：国投电力 公告编号：2025-055 国投电力控股股份有限公司 关于注册发行权益型并表类 REITs 产品的公告 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。 为进一步拓宽国投电力控股股份有限公司（以下简称公司）融资渠道、 优化资本结构、盘活存量资产，公司以所属投资企业国投新能源（红河）股 份有限公司（以下简称红河公司）光伏资产作为标的资产，在上海证券交易 所注册发行权益型并表类 REITs 产品（以下简称本次发行），注册发行规模 不超过 15.52 亿元。具体情况如下： 一、项目实施背景 2022 年 5 月 25 日，国务院印发《关于进一步盘活存量资产扩大有效投 资的意见》（国办发〔2022〕19 号），支持积极探索通过资产证券化等市场 化方式盘活存量资产。2022 年 6 月 30 日，上海证券交易所发布《关于进一 步发挥资产证券化市场功能支持企业盘活存量资产的通知》，大力支持资产 证券化盘活存量资产，重点支持租赁住房、能源、公用事业等领域通过发行 类 REITs 有效盘活存量资产，增 ...

Group 1 - The company announced the convening of its 13th Board of Directors' second meeting on October 15, 2025, to review the appointment of senior management personnel [1] - The Board approved the appointment of Mr. Zhou Changxin as the Secretary of the Board and Chief Legal Counsel (Chief Compliance Officer) [1] - The Board also approved the appointment of Mr. Gao Peng as the Deputy General Manager [1]