Group 1 - The core viewpoint of the article highlights a decline in China's thermal power generation, with a reported production of 517.5 billion kilowatt-hours in September 2025, representing a year-on-year decrease of 5.4% [1] - Cumulative thermal power generation from January to September 2025 reached 4,696.9 billion kilowatt-hours, showing a slight decline of 1.2% compared to the previous year [1] Group 2 - The article references several listed companies in the thermal power sector, including Huaneng International, Datang Power, Guodian Power, and others, indicating a focus on the performance of these entities within the declining market [1] - The report by Zhiyan Consulting titled "2026-2032 China Thermal Power Industry Market Panorama Survey and Investment Potential Research Report" is mentioned, suggesting a comprehensive analysis of the industry's future prospects [1]