国投电力控股股份有限公司2025年四季度主要经营数据公告

Core Viewpoint - The announcement provides an overview of the operational data for Guotou Electric Power Holdings Co., Ltd. for the fourth quarter and the entire year of 2025, highlighting a decrease in electricity generation and sales, alongside changes in average on-grid electricity prices. Group 1: Electricity Generation and Sales - In Q4 2025, the company's controlled enterprises achieved a total electricity generation of 33.142 billion kWh and on-grid electricity of 32.229 billion kWh, representing a year-on-year decrease of 14.22% and 14.43% respectively [1] - For the full year 2025, the total electricity generation was 158.093 billion kWh and on-grid electricity was 154.209 billion kWh, with year-on-year decreases of 8.12% and 8.06% respectively [1] - The average on-grid electricity price in Q4 2025 was 0.390 yuan/kWh, an increase of 8.03% compared to the same period last year [1] - For the full year 2025, the average on-grid electricity price was 0.355 yuan/kWh, reflecting a year-on-year decrease of 1.11% [1] Group 2: Reasons for Changes in Electricity Generation - The decrease in hydropower generation was primarily due to reduced water inflow in the Yalong River Basin and the upper reaches of the Yellow River [2] - The decline in thermal power generation was attributed to increased clean energy generation in certain regions and the impact of electricity exports [2] - Wind power generation saw a slight increase due to the addition of new wind power installations, although the growth was limited by insufficient wind resources and power restrictions [3] - Solar power generation increased due to the commissioning of multiple solar projects [4] Group 3: Installed Capacity - In Q4 2025, the company added 2.1471 million kW of installed capacity, including 152,100 kW from wind power, 1.84 million kW from solar power, and 155,000 kW from energy storage [6] - As of the end of Q4, the total installed capacity of the company's controlled enterprises reached 46.8956 million kW, comprising 21.3045 million kW of hydropower, 13.0748 million kW of thermal power (including waste-to-energy), 4.1403 million kW of wind power, 7.6894 million kW of solar power, and 686,600 kW of energy storage [6]