Core Points - The company reported a total power generation of 71.675 billion kWh for the first three quarters of 2025, representing a year-on-year decrease of 3.02% [1] - Thermal power generation accounted for 68.570 billion kWh, showing a year-on-year decline of 5.98%, while renewable energy generation reached 3.105 billion kWh, marking a significant increase of 220.06% [1] - The total on-grid electricity volume for the first three quarters was 66.469 billion kWh, down 2.91% year-on-year, with thermal power contributing 63.421 billion kWh (a decrease of 6.05%) and renewable energy contributing 3.048 billion kWh (an increase of 219.53%) [1] Q3 Performance - In the third quarter (July-September), thermal power generation was 27.087 billion kWh, with a slight year-on-year increase of 0.06%, and on-grid electricity was 25.194 billion kWh, up 0.12% [2] - Renewable energy generation in Q3 was 0.693 billion kWh, reflecting a year-on-year increase of 62.21%, while on-grid electricity was 0.675 billion kWh, up 59.27% [2] Acquisition Impact - The company completed the acquisition of a 51% stake in Jingneng Xilin Gol Energy Co., Ltd. in October 2024, which was included in the consolidated financial statements from December 2024, leading to retrospective adjustments in the reported figures for power generation and on-grid electricity [2]