Group 1: Company Performance - In Q2 2025, the company’s profitability has recovered due to the gradual release of power generation capacity, with the overall performance turning from a loss to a profit compared to Q1 2025 [2] - The company achieved a net profit of 3,248 million yuan in the first half of 2025, significantly down year-on-year due to a sharp decline in electricity prices amid intensified market competition [2][3] Group 2: Business Segment Performance - In the first half of 2025, the coal power segment reported a net profit of 2,910 million yuan, while the gas power segment incurred a net loss of 21,790 million yuan [3] - The hydro power segment recorded a net loss of 527 million yuan, whereas the renewable energy segment achieved a net profit of 10,288 million yuan [3] Group 3: Fuel Procurement and Cost - The procurement ratio of domestic and imported coal is approximately 50% each, with fuel costs decreasing by 11.48% year-on-year in the first half of 2025 due to falling coal prices [3] Group 4: Power Generation Capacity Plans - The company has 8 million kilowatts of coal power capacity under construction, with an expected 3-5 million kilowatts to be operational in 2025, and the remainder in 2026-2027 [3] - Approximately 294.2 million kilowatts of gas power capacity is also under construction, anticipated to be operational in 2026-2027 [3] Group 5: Renewable Energy Expansion - In the first half of 2025, the company added 119.36 million kilowatts of renewable energy capacity, including 50 million kilowatts of wind power and 69.36 million kilowatts of solar power [3] - Ongoing projects include 91.5 million kilowatts of solar capacity and 20 million kilowatts of wind capacity, with planned projects totaling 67.2 million kilowatts [3]