Core Viewpoint - The company reported its operational performance for the power generation business for the year 2025, highlighting significant changes in generation and pricing metrics across different energy sources [1]. Group 1: Power Generation Performance - In 2025, the company's controlled enterprises achieved a total power generation of 6.627 billion kWh, representing a year-on-year increase of 13.85% [1]. - The total on-grid electricity volume was 6.515 billion kWh, also reflecting a year-on-year growth of 13.86% [1]. - The average on-grid electricity price was 0.206 yuan/kWh, which is a decrease of 6.79% compared to the previous year [1]. Group 2: Hydropower Performance - The hydropower segment generated 6.356 billion kWh, marking a year-on-year increase of 15.40% [1]. - The on-grid electricity volume for hydropower was 6.246 billion kWh, with a year-on-year growth of 15.41% [1]. - The average on-grid electricity price for hydropower was 0.195 yuan/kWh, down 4.88% from the previous year [1]. Group 3: Photovoltaic Performance - The photovoltaic segment saw a total generation of 0.271 billion kWh, which is a decrease of 13.42% year-on-year [1]. - The on-grid electricity volume for photovoltaic was 0.269 billion kWh, reflecting a decline of 13.23% compared to the previous year [1]. - The average on-grid electricity price for photovoltaic projects was 0.454 yuan/kWh (including national subsidies), which is an 8.47% decrease year-on-year [1]. Group 4: Reasons for Changes in Performance - The increase in hydropower generation and on-grid volume was attributed to the commissioning of all six units at the Yinjing Hydropower Station [2]. - The decrease in photovoltaic generation and on-grid volume was due to insufficient renewable energy consumption capacity in the project area [3]. - The reduction in average on-grid electricity prices was influenced by market-driven sales and increased competition in the electricity market [4].
四川川投能源股份有限公司 2025年1-12月主要经营数据公告