桂冠电力(600236.SH):2025年累计完成发电量461.42亿千瓦时,同比增长26.68%

Core Viewpoint - The company reported a significant increase in total power generation for the year ending December 31, 2025, with a total of 46.142 billion kilowatt-hours, representing a year-on-year growth of 26.68% [1] Summary by Category Power Generation Performance - Hydropower generation reached 41.568 billion kilowatt-hours, marking a year-on-year increase of 35.92% [1] - Thermal power generation was 1.092 billion kilowatt-hours, showing a year-on-year decline of 58.89% [1] - Wind power generation totaled 1.967 billion kilowatt-hours, reflecting a year-on-year decrease of 4.42% [1] - Photovoltaic power generation amounted to 1.515 billion kilowatt-hours, with a year-on-year growth of 34.43% [1] Reasons for Growth - The primary reason for the increase in power generation was the higher water inflow in the river basins of the company's main hydropower plants compared to the previous year [1] - Additionally, the growth in installed capacity for renewable energy sources contributed to the year-on-year increase in renewable energy generation [1]