ZZEPC(SH:600023) Xin Lang Cai Jing·2026-01-12 12:29Core Viewpoint - Zhejiang Energy Group achieved record-high energy supply in 2025, with total power generation of 211.5 billion kWh, coal supply of 75.23 million tons, gas supply of 14.9 billion cubic meters, and heat supply of 138.16 million GJ, all showing year-on-year growth, demonstrating high-quality energy security [1][14]. Group 1: Energy Supply Achievements - In 2025, Zhejiang Energy Group's total power generation reached 211.5 billion kWh, marking a historical high [1][14]. - The company supplied 75.23 million tons of coal and 14.9 billion cubic meters of gas, both of which also saw significant year-on-year increases [1][14]. - The heat supply amounted to 138.16 million GJ, contributing to the overall energy security [1][14]. Group 2: Project Development and Capacity Expansion - Zhejiang Energy Group focused on major project construction, completing nearly 5 million kW of new installed capacity in the past year [3][16]. - Key projects included the expansion of the Taizhou Power Plant, Jiaxing Power Plant, and the renovation of the Zhenhai natural gas power plant, all of which feature advanced emission reduction technologies [3][16]. - The completion of these projects has enhanced the stability and safety of energy supply, supporting local economic development [3][16]. Group 3: Operational Efficiency and Reliability - During peak summer demand, Zhejiang Province experienced record-high electricity loads, with Zhejiang Energy Group's power generation units playing a crucial role in meeting this demand [5][18]. - The company implemented strategies to improve equipment reliability and enhance load capacity, ensuring maximum output from coal power units [5][18]. - Management focused on reducing non-scheduled outages and addressing output constraints, contributing to stable energy supply [5][18]. Group 4: Fuel Supply and Infrastructure - Zhejiang Energy Group's fuel supply strategy, leveraging a complete industrial chain, ensured effective coal supply to power plants [7][20]. - The company achieved record coal import volumes of 15 million tons and throughput of 30 million tons at its port, both marking new highs since its establishment [7][20]. - The natural gas division established a comprehensive supply system, optimizing energy structure and enhancing public welfare [11][24]. Group 5: Green Energy Transition - Zhejiang Energy Group is accelerating its green transition, focusing on offshore wind power and renewable energy projects [11][24]. - The company successfully integrated solar power projects, achieving a twofold increase in renewable energy capacity compared to the end of the 13th Five-Year Plan [11][24]. - The LNG receiving station in Wenzhou set a record for peak output, ensuring sufficient supply during high-demand periods [11][24]. Group 6: Winter Preparedness - As winter approaches, Zhejiang Energy Group is refining its strategies for power generation, coal supply, gas supply, and heating [13][26]. - The company is prioritizing equipment safety and risk management while optimizing coal supply and transportation scheduling [13][26]. - These efforts aim to enhance supply capabilities and ensure stable energy access for the community during winter [13][26].