Core Viewpoint - The announcement from Three Gorges Energy (600905.SH) indicates a modest growth in total power generation for the fourth quarter of 2025, with specific performance metrics for wind, solar, and independent storage energy generation [1] Group 1: Quarterly Performance - The total power generation for Q4 2025 reached 19.507 billion kWh, representing a year-on-year increase of 0.92% [1] - Wind power generation amounted to 13.238 billion kWh, up 2.33% year-on-year, with onshore wind contributing 8.379 billion kWh (up 5.09%) and offshore wind at 4.859 billion kWh (down 2.12%) [1] - Solar power generation was 6.092 billion kWh, reflecting a year-on-year growth of 1.70% [1] - Independent storage energy generation was 0.177 billion kWh, showing a decline of 13.24% compared to the previous year [1] Group 2: Cumulative Performance - The cumulative total power generation for 2025 reached 76.261 billion kWh, marking a year-on-year increase of 5.99% [1] - Wind power generation for the year totaled 47.921 billion kWh, up 6.08% year-on-year, with onshore wind at 32.417 billion kWh (up 10.28%) and offshore wind at 15.504 billion kWh (down 1.74%) [1] - Solar power generation for the year was 27.654 billion kWh, reflecting an 8.87% increase year-on-year [1] - Independent storage energy generation for the year reached 0.686 billion kWh, showing a significant increase of 22.94% compared to the previous year [1] - The company did not generate any hydropower in 2025 as it no longer holds controlling stakes in hydropower projects since January 2025 [1]
三峡能源(600905.SH)2025年累计总发电量同比增长5.99%