Ge Long Hui A P P·2026-01-23 08:05Core Viewpoint - China Huadian International Power Co., Ltd. reported a year-on-year increase in electricity generation and on-grid electricity volume for 2025, despite a decline when adjusted for previous year data, primarily due to the rise in renewable energy capacity and reduced utilization of coal-fired units [1] Group 1: Financial Performance - The total electricity generation for 2025 is projected to be 262.27 billion kWh, an increase of 17.81% compared to the previous year's announced data, but a decrease of approximately 6.99% when adjusted for previous year data [1] - The on-grid electricity volume is expected to reach 246.44 billion kWh, reflecting an 18.22% increase from the previous year's announced data, while showing a decline of about 7.09% when adjusted for previous year data [1] - The average on-grid electricity price for 2025 is estimated to be RMB 513.29 per MWh, which is a 0.27% increase from the previous year's announced data, but a decrease of approximately 2.34% when adjusted for previous year data [1] Group 2: Operational Developments - A subsidiary of Huadian Jiangsu Energy Co., Ltd., in which the company holds an 80% stake, has recently commenced commercial operations of a 494.6 MW gas-fired power generation unit [1]