上海电力(600021.SH)：前三季度发电量601.70亿千瓦时，同比上升1.98%

Core Viewpoint - Shanghai Electric (600021.SH) reported an increase in consolidated power generation for the first nine months of 2025, driven by growth in clean energy generation capacity and output [1] Group 1: Power Generation Performance - The company achieved a consolidated power generation of 60.17 billion kilowatt-hours (kWh) from January to September 2025, representing a year-on-year increase of 1.98% [1] - Coal power generation amounted to 39.31 billion kWh during the same period, showing a slight decline of 0.5% year-on-year [1] Group 2: Market Transaction Volume - The total market transaction settlement volume for the company reached 43.86 billion kWh from January to September 2025 [1] - Within this, the intra-provincial market transaction settlement volume (including medium to long-term and spot transactions) was 38.38 billion kWh, while inter-provincial transaction settlement volume was 5.48 billion kWh [1] Group 3: Growth Drivers - The primary reason for the increase in power generation was the growth in clean energy generation capacity and output [1]