Core Viewpoint - Huadian New Energy (600930.SH) reported significant growth in power generation for Q4 2025 and the entire year, driven by substantial new installed capacity [1] Group 1: Financial Performance - The power generation for Q4 2025 reached approximately 28.939 billion kWh, representing a year-on-year increase of about 18.91% [1] - The total power generation for the year 2025 was approximately 114.676 billion kWh, showing a year-on-year growth of around 29.64% [1] Group 2: Installed Capacity - In Q4 2025, the company added approximately 13.4955 million kW of new installed capacity, with the largest contributions from Xinjiang, Sichuan, and Inner Mongolia, at 6.1504 million kW, 2.2502 million kW, and 1.2491 million kW respectively [1] - Key new projects in Q4 included various wind and solar projects across multiple regions, such as the Xinjiang Tianshan North Clean Energy Base and the Sichuan Ganzi Batang Photovoltaic Project [1]
华电新能：2025年全年累计完成发电量约1146.76亿千瓦时，同比增长约29.64%