广州发展：2025年上半年发电量同比下降1.88%

Core Viewpoint - Guangzhou Development (600098) reported a decline in overall power generation and grid-connected electricity in the first half of 2025, with notable increases in renewable energy sources such as wind and solar power [1] Group 1: Power Generation Performance - The company achieved a cumulative power generation of 11.847 billion kilowatt-hours, representing a year-on-year decrease of 1.88% [1] - The cumulative grid-connected electricity reached 11.372 billion kilowatt-hours, down 1.49% year-on-year [1] - Thermal power generation saw a year-on-year decline of 5.45% [1] Group 2: Renewable Energy Growth - Wind power generation increased by 23.37% year-on-year [1] - Solar power generation experienced a significant growth of 68.35% year-on-year [1] Group 3: Natural Gas and Coal Performance - The total natural gas supply amounted to 1.813 billion cubic meters, reflecting a year-on-year decrease of 3.67% [1] - Coal sales volume reached 22.24 million tons, showing an increase of 13.29% year-on-year [1]