智通财经网·2025-10-21 10:01Core Viewpoint - Datang Power Generation (601991.SH) reported an increase in electricity generation, with a total of approximately 206.24 billion kilowatt-hours by September 30, 2025, reflecting a year-on-year growth of about 2.02% [1] Group 1: Electricity Generation - The increase in electricity generation is primarily attributed to the rise in overall electricity consumption and the continuous growth in installed renewable energy capacity [1] - The company's renewable energy generation saw significant year-on-year growth, complemented by better-than-expected hydropower generation [1] Group 2: Average Electricity Price - As of September 30, 2025, the average on-grid electricity price was RMB 430.19 per megawatt-hour (including tax), which represents a year-on-year decrease of approximately 4.32% [1] Group 3: Market Transactions - In the first three quarters of 2025, the company engaged in market-based electricity transactions amounting to approximately 178.60 billion kilowatt-hours, accounting for about 86.60% of total electricity generation [1]