Core Insights - The company reported a decrease in electricity generation and sales for the first three quarters of 2025 compared to the same period last year, primarily due to increased renewable energy generation in the region [1][2] Group 1: Electricity Generation and Sales - The total electricity generation reached 401.58 billion kWh, a decline of 10.96% year-on-year [1][2] - The on-grid electricity volume was 371.86 billion kWh, down 11% from the previous year [1] - Market-oriented transaction electricity volume was 362.88 billion kWh, accounting for 97.59% of the on-grid electricity [1][2] - The average selling price of electricity was 341.52 RMB per MWh (excluding tax), an increase of 6.74 RMB per MWh (excluding tax), representing a year-on-year growth of 2.01% [1][2] Group 2: Coal Production and Sales - Coal production amounted to 10.459 million tons, a decrease of 0.92% year-on-year [1][2] - External coal sales reached 4.8108 million tons, down 8% compared to the previous year [1][2] - The average selling price of coal was 304.10 RMB per ton (excluding tax), a decrease of 109.19 RMB per ton (excluding tax), reflecting a year-on-year decline of 26.42% [1][2]