Zhi Tong Cai Jing·2025-10-20 04:43Core Viewpoint - China Light and Power Company Limited (CLP) reported a 1.8% year-on-year decline in electricity sales to 27.456 billion kWh for the first nine months of 2025, primarily due to lower average temperatures, although data center sales increased by 6.7% [2] Group 1: Business Performance - Electricity sales decreased by 1.8% to 27.456 billion kWh due to lower temperatures, while data center sales rose by 6.7% [2] - Fuel adjustment fees paid by customers decreased by 8.2% from early 2025 to October, benefiting from falling international fuel prices [2] - CLP maintained normal operations during Typhoon Haikui, implementing emergency measures and restoring power quickly to affected customers [2] Group 2: Infrastructure and Development - The clean energy interconnection project between Hong Kong and mainland China is on track for completion early next year, enhancing CLP's flexibility and supporting carbon reduction efforts [2] - CLP is actively assessing around 8,000 sites for the installation of fast charging stations to meet growing demand for electric vehicle charging [3] - The company is collaborating with Hang Seng Bank to promote low-carbon and sustainable development in Hong Kong [4] Group 3: Smart Meter and Community Services - CLP has installed approximately 2.84 million smart meters, covering 96% of customers, and is implementing a community care service pilot program using smart meter data [4] - The company signed a memorandum of understanding with the Vocational Training Council to monitor and manage electricity usage through its "Energy Data Expert" online platform [4] Group 4: Renewable Energy and Investments - CLP's renewable energy assets in mainland China showed stable performance, with a slight increase in renewable energy generation due to new installations [6] - The company received a record subsidy of HKD 761 million for renewable energy, reflecting an accelerated trend in subsidy disbursement [7] - CLP is focusing on expanding its renewable energy portfolio in regions with high electricity demand and low grid restrictions [7]