JEI(SZ:000600) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-14 22:50Summary of Key Points Core Viewpoint - The company reported a decline in both electricity generation and heating supply for the year 2025, indicating potential challenges in operational performance compared to the previous year [1][2]. Group 1: Electricity Generation - In Q4 2025, the company achieved an electricity generation of 13.287 billion kWh, a decrease of 3.96% year-on-year [1] - The total electricity generation for the year 2025 was 52.321 billion kWh, reflecting a decline of 3.56% compared to the previous year [1] - The on-grid electricity volume for Q4 2025 was 12.359 billion kWh, down 4.15% year-on-year [1] - The cumulative on-grid electricity volume for 2025 was 48.562 billion kWh, showing a decrease of 3.58% year-on-year [1] Group 2: Heating Supply - In Q4 2025, the company completed a heating supply of 27.3462 million GJ, a decrease of 0.82% year-on-year [1] - The residential heating supply for Q4 2025 was 25.5238 million GJ, down 1.50% year-on-year [1] - The industrial heating supply for Q4 2025 was 1.8224 million GJ, an increase of 9.74% year-on-year [1] - The total heating supply for 2025 was 70.7536 million GJ, a decrease of 1.27% year-on-year [2] - The residential heating supply for 2025 was 64.3586 million GJ, down 3.15% year-on-year [2] - The industrial heating supply for 2025 was 6.3950 million GJ, reflecting an increase of 22.58% year-on-year [2]