BJP(SH:600578) Zheng Quan Zhi Xing·2025-07-11 08:17Core Viewpoint - Beijing Jingneng Power Co., Ltd. reported a decrease in total power generation and grid-connected power in the first half of 2025, with a notable increase in renewable energy generation. Group 1: Power Generation Data - The total power generation for the first half of 2025 was 43.895 billion kWh, representing a year-on-year decrease of 5.41% [1] - Thermal power generation accounted for 41.483 billion kWh, down 9.55% year-on-year, while renewable energy generation reached 2.412 billion kWh, up 344.20% year-on-year [1] - In the second quarter of 2025, thermal power generation was 19.194 billion kWh, a decline of 10.78% year-on-year, while renewable energy generation was 1.173 billion kWh, an increase of 211.14% year-on-year [1] Group 2: Grid-Connected Power Data - The total grid-connected power for the first half of 2025 was 40.600 billion kWh, down 5.30% year-on-year [1] - Thermal power grid-connected output was 38.227 billion kWh, a decrease of 9.72% year-on-year, while renewable energy grid-connected output was significantly higher at 1.156 billion kWh, up 213.36% year-on-year [1] - In the second quarter of 2025, thermal power grid-connected output was 17.783 billion kWh, down 10.61% year-on-year, while renewable energy grid-connected output was 1.156 billion kWh, reflecting a year-on-year increase of 213.36% [1] Group 3: Company Adjustments - The company adjusted its previous year's power generation and grid-connected power figures due to the acquisition of a 51% stake in Jingneng Xilin Gol Energy Co., Ltd., which was included in the consolidated financial statements starting December 2024 [2]