Group 1 - The company announced the resignation of Mr. Gao Ping as executive director and president, effective from October 30, 2025, due to other work arrangements [1] - Mr. Zhao Yonggang has been appointed as the new executive director and president of the company, effective from the same date [1] - Mr. Zhao Yonggang will also take over Mr. Gao Ping's positions in the Risk Management Committee, Strategic and Sustainable Development Committee, and Executive Committee [1]

Core Viewpoint - China Power (02380.HK) announced the appointment of Zhao Yonggang as the executive director and president, effective from October 30, 2025, succeeding Gao Ping who has resigned from these positions [1] Group 1 - Zhao Yonggang will also be appointed as a member of the Risk Management Committee, the Strategy and Sustainable Development Committee, and the Executive Committee following Gao Ping's resignation [1]

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） 趙永剛 非執行董事 胡建東 周杰 黃青華 陳鵬君 獨立非執行董事 李方 邱家賜 許漢忠 董事局已成立五個委員會，董事在各委員會擔任的職位如下。 董事名單及其角色與職能 中國電力國際發展有限公司董事局（「董事局」）成員載列如下。 董事局主席兼執行董事 王子超 執行董事兼總裁 C 主席 M 成員 * 執行委員會成員包括本公司高級管理人員 香港，二零二五年十月三十日 | | 委員會 | 審核 | 薪酬及提名 | 風險管理 | 戰略與 可持續發展 | 執行 | | --- | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | 委員會* | | 王子超 | | | | C | C | C | | 趙永剛 | | | | M | M | M | | 胡建東 | | | | | M | | | 周杰 | | | | | M | | | 黃青華 ...

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） 董事及董事局委員會成員之變更 董事局欣然宣佈以下變更，自二零二五年十月三十日起生效： 趙永剛先生獲委任為本公司執行董事兼總裁。趙先生獲委任以接替已辭任 上述職務的高平先生。 趙先生亦於高先生辭任後獲委任為本公司風險管理委員會、戰略與可持續 發展委員會及執行委員會的成員。 董事的辭任 中 國 電 力 國 際 發 展 有 限 公 司 （「 本公司 」，連同其附屬公司，統稱為「 本 集 團」）董事局（「董事局」）宣佈，由於其他工作安排，高平先生已辭任本公 司執行董事、總裁，以及本公司風險管理委員會、戰略與可持續發展委員會 和執行委員會的成員職務，自二零二五年十月三十日起生效。 高先生已確認，彼與董事局並無意見分歧， ...

根据该合作谅解备忘录，双方本着"优势互补、需求对接"的原则，充分发挥各自优势，围绕电力系统规划与集成、智能韧性电网、数 字化与AI解决方案等领域开展技术交流及项目合作，促进中国先进输变电、电网数字智能领域技术经验与马来西亚能源发展需求深度融 合，助力马来西亚国家能源转型路线图的实施。 吉隆坡当地时间10月26日，中国电力技术装备有限公司与马来西亚国家能源公司（TNB）签署"马来西亚半岛电网智能化合作项目谅解 备忘录"，旨在通过加强双方合作协助TNB应对能源电力转型领域的迫切需求。TNB总裁兼首席执行官梅加特・哈桑、中电装备公司董事长 余军分别代表双方在谅解备忘录文本上签字。马来西亚副总理兼能源及水务转型部部长法迪拉・尤索夫、TNB首席电网官哈斯马利扎尔・ 哈桑、中电装备公司副总经理张蕾见证签约。 后续，中电装备公司将紧密对接马来西亚能源转型发展需求和谅解备忘录合作事项，加强各类资源调配，开展技术研究和协议内容实 施，务实推进中马电力深度合作。 【责任编辑：王少晨 】 ...

Core Insights - In the first nine months of 2023, China's electricity market transaction volume reached 49,239 billion kilowatt-hours, representing a year-on-year growth of 7.2% [1] - In September 2023 alone, the transaction volume was 5,732 billion kilowatt-hours, showing a year-on-year increase of 9.8% [1] Transaction Scope - The intra-provincial transaction volume was 43,03 billion kilowatt-hours, up 7.2% year-on-year [1] - The inter-provincial and inter-regional transaction volume was 1,429 billion kilowatt-hours, reflecting an 18.5% year-on-year growth [1] Transaction Types - The medium and long-term transaction volume was 53,31 billion kilowatt-hours [1] - The spot transaction volume was 401 billion kilowatt-hours [1] - Green electricity transaction volume reached 290 billion kilowatt-hours, marking a significant year-on-year increase of 42.9% [1] Overall Market Impact - The total electricity market transaction volume accounted for 63.4% of the total electricity consumption in society, an increase of 1.4 percentage points year-on-year [1] - For the first nine months, the intra-provincial transaction volume was 37,289 billion kilowatt-hours, up 5.7% year-on-year [1] - The inter-provincial and inter-regional transaction volume was 11,950 billion kilowatt-hours, with a year-on-year growth of 12.1% [1] - The medium and long-term transaction volume for the first nine months was 47,234 billion kilowatt-hours, while the spot transaction volume was 2,005 billion kilowatt-hours [1] - The green electricity transaction volume for the same period was 2,348 billion kilowatt-hours, reflecting a year-on-year increase of 40.6% [1]

Core Insights - The report provides a comprehensive analysis of the Chinese electricity market from 2026 to 2032, focusing on industry trends, market dynamics, and investment opportunities [2][3][11]. Chapter Summaries Chapter 1: Overview of the Electricity Industry - Defines the electricity industry and its classifications, including regulatory frameworks and data sources used in the report [2][3]. Chapter 2: Global Electricity Industry Development - Analyzes the political and legal environment, historical development, market conditions, and competitive landscape of the global electricity sector [3][4]. - Discusses market size and forecasts, highlighting consumption and supply dynamics [3][4]. Chapter 3: Current State of the Chinese Electricity Industry - Examines technological advancements, historical development, and import/export conditions of the Chinese electricity sector [4][5]. - Analyzes market participants, supply and demand conditions, and identifies market pain points [4][5]. Chapter 4: Market Competition and Investment in China - Details the competitive landscape, including major players and their strategic positioning within the market [5][6]. - Discusses investment trends, mergers, and acquisitions in the electricity sector [5][6]. Chapter 5: Industry Chain and Supporting Layout - Provides an overview of the electricity industry chain, including resource distribution and supply conditions for various energy sources [6][7]. - Analyzes the market for upstream generation, transmission, and distribution equipment [6][7]. Chapter 6: Development of Sub-markets - Reviews the current state of various sub-markets, including thermal, hydro, wind, solar, nuclear, and biomass power generation [7][8]. Chapter 7: Regional Market Development - Analyzes the development patterns of the electricity market in key regions, focusing on generation and consumption metrics [8][9]. Chapter 8: Case Studies of Global and Chinese Enterprises - Compares the strategic positioning and operational performance of major electricity companies in China and globally [9][10]. Chapter 9: Environmental Insights and SWOT Analysis - Evaluates the economic, social, and policy environments affecting the electricity industry in China, along with a SWOT analysis [11][12]. Chapter 10: Market Prospects and Trends - Assesses the potential for growth in the Chinese electricity market and forecasts future trends [11][12]. Chapter 11: Investment Strategies and Recommendations - Discusses barriers to entry and exit, investment risks, opportunities, and strategic recommendations for investors in the electricity sector [11][12].

Core Viewpoint - The significant achievements of China's electricity market reform over the past decade have been highlighted, emphasizing the importance of efficient operation and scientific regulation in achieving high-quality energy development amid global energy transitions [4]. Market Rule Foundation - The design of the electricity market's foundational rules has been a primary task since the 2015 reform, with a series of basic rules established by the National Development and Reform Commission and the National Energy Administration [5]. - The newly revised "Basic Rules for Electricity Market Operation" in 2024 has laid the groundwork for a unified national electricity market rule system, addressing previous fragmentation and standardizing market operations across the country [5][6]. Efficient Market System - The medium- and long-term market has been crucial in stabilizing electricity supply, with provincial spot markets officially operating and the auxiliary service market expanding to support high proportions of renewable energy [7]. - The market-based pricing mechanism has been refined, with the National Energy Administration completing three regulatory cycles for the determination of transmission and distribution prices, facilitating market transactions [7]. - In 2024, market-based trading of renewable energy exceeded 1 trillion kilowatt-hours, accounting for 55% of total electricity generation, indicating a successful transition from a "single electricity market" to a more diversified market structure [7]. Diverse Market Structure - The volume of market-based electricity transactions has increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours in 2024, with the proportion of total electricity consumption rising from 17% to 63% [8]. - The number of registered operating entities has surpassed 1 million, a 20-fold increase since 2016, with various new market participants emerging, including independent storage and virtual power plants [8]. Strengthening International Cooperation - The forum released two English reports showcasing the progress and planning of China's electricity market, aiming to enhance international collaboration and knowledge sharing in this field [9]. - The need for countries to explore new electricity market construction and regulatory models in response to global energy transitions was emphasized, with China encouraged to continue strengthening international cooperation and learning from advanced experiences [9].

中国电力(02380)发布公告，本公司及其附属公司(统称本集团)于2025年9月的合并总售电量为946.57万 兆瓦时，而2025年首9个月的合并总售电量为9626.7万兆瓦时。 ...

智通财经APP讯，中国电力(02380)发布公告，本公司及其附属公司(统称本集团)于2025年9月的合并总 售电量为946.57万兆瓦时，而2025年首9个月的合并总售电量为9626.7万兆瓦时。 ...