山高新能源(01250)发布公告，2025年8月集团、其联营公司及合营企业所持有及╱或管理的项目的营运 发电量约52.67万兆瓦时，较2024年同期下降2.4%。截至2025年8月31日止8个月，集团、其联营公司及 合营企业所持有及╱或管理的项目累计总营运发电量约481.53万兆瓦时，较2024年同期增长约6.3%。 ...

（原标题：1-7月阿塞拜疆总发电量同比增长2.6%） 阿塞拜疆"Caliber"网8月25日报道，阿塞拜疆国家统计委员会数据显示， 今年1-7月，阿总发电量为156.4亿千瓦时，同比增长2.6%。其中，火电发电 126.7亿千瓦时，同比增长0.9%；垃圾焚烧发电1.3亿千瓦时，同比下降0.7%； 水力发电20.8亿千瓦时，同比增长12.5%；风力发电2750万千瓦时，同比下降 18.6%；太阳能发电3.3亿千瓦时，同比增长13.1%。 ...

Core Viewpoint - The company Xin Tian Green Energy (600956.SH) reported a significant increase in power generation for the period ending August 2025, indicating strong operational performance and growth potential in the renewable energy sector [1] Group 1: Power Generation Performance - The company and its subsidiaries achieved a power generation of 784,808.19 MWh in August 2025, representing a year-on-year increase of 23.53% [1] - Cumulatively, as of August 31, 2025, the total power generation reached 9,878,670.05 MWh, which is a year-on-year increase of 10.55% [1]

上市企业：华能国际（600011）,大唐发电（601991）,国电电力（600795）,华电国际（600027）,长江电 力（600900）,国投电力（600886）,川投能源（600674）,桂冠电力（600236）,内蒙华电（600863）,浙 能电力（600023） 数据来源：国家统计局，智研咨询整理 相关报告：智研咨询发布的《2025-2031年中国电力行业投资潜力研究及发展趋势预测报告》 根据国家统计局数据显示：2025年6月中国发电量产量为7963亿千瓦时，同比增长1.7%；2025年上半年 中国发电量累计产量为45371.5亿千瓦时，累计增长0.8%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

新天绿能(600956.SH)发布公告，根据公司初步统计，2025年7月，公司及子公司按合并报表口径完成发 电量844,218.82兆瓦时，同比增加9.32%。截至2025年7月31日，累计完成发电量9,094,377.98兆瓦时，同 比增加9.57%。 ...

截至2025年7月31日，公司2025年累计完成发电量45,981,236兆瓦时，较2024年同期同比下降0.6%，剔 除火电影响同比增长13.82%，其中风电增长6.11%，光伏增长77.52%。 格隆汇8月7日丨龙源电力(00916.HK)公告，公司2025年7月按合并报表口径完成发电量6,328,759兆瓦 时，较2024年同期同比增长2.44%，剔除火电影响同比增长21.12%。本月风电发电量同比增长6.38%， 光伏发电量同比增长105.92%。 ...

Core Viewpoint - China Nuclear Power (601985.SH) reported a significant increase in electricity generation for the first half of 2025, with a year-on-year growth of 15.65% in cumulative operational generation [1] Summary by Category Operational Performance - Cumulative operational electricity generation reached 121.776 billion kilowatt-hours in the first half of 2025, reflecting a year-on-year increase of 15.65% [1] - Grid electricity generation amounted to 115.104 billion kilowatt-hours, showing a year-on-year growth of 15.92% [1] Breakdown of Generation Sources - Nuclear power generation contributed 99.861 billion kilowatt-hours, with a year-on-year increase of 12.01% [1] - Renewable energy generation totaled 21.915 billion kilowatt-hours, marking a substantial year-on-year growth of 35.76% [1]

Core Insights - The company reported a revenue of 84.492 billion yuan for 2024, an increase of 8.12% year-on-year, and a net profit attributable to shareholders of 32.496 billion yuan, reflecting a growth of 19.28% year-on-year [1] - For Q1 2025, the company achieved a revenue of 17.015 billion yuan, up 8.68% year-on-year, and a net profit attributable to shareholders of 5.181 billion yuan, which is a 30.56% increase year-on-year [1] - The company plans to distribute a cash dividend of 0.943 yuan per share for 2024, a 15% increase from the previous year, with a dividend payout ratio of 71% of net profit [1] Financial Performance - In 2024, the company's total power generation reached approximately 295.904 billion kWh, a year-on-year increase of 7.11%, driven by favorable water conditions [2] - The average on-grid electricity price for 2024 was 285.52 yuan/MWh, an increase of 1.51% year-on-year [2] - The gross profit margin for the power generation business improved to 62.5%, up 1.54 percentage points year-on-year, aided by a reduction in financial expenses by 11.38% to 11.131 billion yuan [2] Q1 2025 Performance - In Q1 2025, the company experienced a 9.35% year-on-year increase in power generation to 57.679 billion kWh, supported by abundant water supply [3] - The revenue per kWh for Q1 2025 was estimated at 0.295 yuan, a slight decrease of 0.62% year-on-year [3] - Financial expenses for Q1 2025 were 2.481 billion yuan, down 13.1% year-on-year, contributing positively to performance growth [3] Future Outlook - For 2025, the company aims to achieve an annual power generation of 300 billion kWh, contingent on favorable water conditions [4] - The projected dividend yield for 2025 is estimated at 3.31%, with a significant spread over the ten-year government bond yield, indicating strong investment value [4] - The company is expected to achieve net profits of 34.1 billion, 35.8 billion, and 36.8 billion yuan for 2025-2027, with corresponding price-to-earnings ratios of 21.12x, 20.15x, and 19.57x [4]