BJP(SH:600578) Ge Long Hui·2026-01-12 10:19Core Viewpoint - Jingneng Power (600578.SH) reported a decrease in total power generation for 2025, with a notable increase in renewable energy generation despite a decline in thermal power generation [1] Group 1: Overall Power Generation - The total power generation for 2025 reached 951.88 billion kWh, representing a year-on-year decrease of 3.09% [1] - Thermal power generation accounted for 907.88 billion kWh, with a year-on-year decline of 5.91% [1] - Renewable energy generation totaled 44.01 billion kWh, showing a significant year-on-year increase of 154.01% [1] Group 2: Power Supply to the Grid - The total power supply to the grid for 2025 was 882.26 billion kWh, reflecting a year-on-year decrease of 2.99% [1] - Thermal power contributed 839.08 billion kWh to the grid, with a year-on-year decline of 5.98% [1] - Renewable energy supplied 43.18 billion kWh to the grid, marking a year-on-year increase of 153.29% [1] Group 3: Fourth Quarter Performance - In the fourth quarter (October-December), thermal power generation was 222.18 billion kWh, down 5.67% year-on-year [1] - The thermal power supply to the grid in the fourth quarter was 204.87 billion kWh, with a year-on-year decline of 5.76% [1] - Renewable energy generation in the fourth quarter reached 12.95 billion kWh, up 69.93% year-on-year [1] - Renewable energy supply to the grid in the fourth quarter was 12.70 billion kWh, reflecting a year-on-year increase of 69.13% [1]