Group 1: New Energy Capacity and Generation - In the first half of 2025, the company added a net new installed capacity of 2,053 MW in renewable energy, with wind power at 987 MW and solar power at 1,096 MW [2] - As of June 30, 2025, the total installed capacity reached 43,196.7 MW, comprising 31,395.7 MW of wind power and 11,794.9 MW of solar power [2] - By August 2025, the company generated 5,273,319 MWh of electricity, a year-on-year increase of 32.97% after excluding coal power impacts, with wind power generation up by 22.38% and solar power by 74.41% [3] Group 2: Project Development and Resource Reserve - In the first half of 2025, the company secured new project development rights totaling 4,750 MW, including 2,980 MW for wind and 1,770 MW for solar [4] - The company is advancing major base projects, including the "Shagao Desert" renewable energy base, which has 2,000 MW of solar power operational and 1,000 MW of wind power under construction [5] - The Gansu Badan Jilin base is also progressing, with approvals received for the power source plan [6] Group 3: Dividend Policy and Shareholder Returns - The company maintains a stable dividend policy, with a payout ratio of 30% of net profit for 2024, translating to a dividend of RMB 0.2278 per share [6] - For 2025-2027, the company plans to keep cash dividends at no less than 30% of the annual net profit, with an interim dividend of RMB 0.1 per share, representing 24.77% of the first half's net profit [6] Group 4: Market Transactions and Pricing - In the first half of 2025, the average on-grid electricity price for wind power was RMB 0.422 per kWh, a decrease of RMB 0.016 per kWh compared to the previous year [7] - The average on-grid electricity price for solar power remained relatively stable at RMB 0.273 per kWh [7] - The company completed green electricity transactions of 4.14 billion kWh, a year-on-year increase of 41.67%, and traded 423.2 million green certificates, up by 81.46% [7]