三峡水利(600116.SH):前三季度累计完成发电量18.0398亿千瓦时,同比下降5.98%

Core Viewpoint - The company reported a significant increase in power generation and grid-connected electricity for the third quarter of 2025, while cumulative figures show a decline compared to the previous year [1] Group 1: Q3 2025 Performance - The company's hydropower stations achieved a power generation of 825.67 million kWh from July to September 2025, representing a year-on-year increase of 27.50% [1] - The grid-connected electricity for the same period was 817.38 million kWh, reflecting a year-on-year increase of 27.55% [1] Group 2: Cumulative Performance - As of September 30, 2025, the cumulative power generation reached 1.80398 billion kWh, showing a year-on-year decline of 5.98% [1] - In the Chongqing region, cumulative power generation was 1.77836 billion kWh, down 5.83% year-on-year [1] - The Mangya River Second Level Power Station in Yunnan generated 25.62 million kWh, a decrease of 15.45% year-on-year [1] - The cumulative grid-connected electricity was 1.78421 billion kWh, down 5.96% year-on-year [1] - In Chongqing, cumulative grid-connected electricity was 1.75876 billion kWh, down 5.81% year-on-year [1] - In Yunnan, cumulative grid-connected electricity was 2.545 million kWh, down 15.28% year-on-year [1] Group 3: Pricing Information - The average grid-connected electricity price for the company's other power stations was 0.2833 yuan per kWh (excluding tax) [1]