Zhi Tong Cai Jing·2026-01-23 08:20Core Viewpoint - Huadian International Power Co., Ltd. reported a year-on-year increase in electricity generation and on-grid electricity volume for the year ending December 31, 2025, despite a decline when adjusted for previous year data, primarily due to the increasing capacity of renewable energy and reduced utilization hours of coal-fired units [1] Group 1: Financial Performance - The total electricity generation for 2025 is projected to be 262 million megawatt-hours, an increase of 17.81% compared to the previous year's announcement, but a decrease of approximately 6.99% when adjusted for the previous year's data [1] - The on-grid electricity volume is expected to reach 246 million megawatt-hours, reflecting an 18.22% increase from the previous year's announcement, while showing a decline of about 7.09% when adjusted for the previous year's data [1] - The average on-grid electricity price for 2025 is estimated to be RMB 513.29 per megawatt-hour, which is a 0.27% increase from the previous year's announcement, but a decrease of approximately 2.34% when adjusted for the previous year's data [1] Group 2: Operational Developments - A 494.6 megawatt gas-fired generator unit, owned by a subsidiary of Huadian Jiangsu Energy Co., Ltd. (80% owned by the company), has recently commenced commercial operations [1]