Group 1: Production of Coal, Oil, and Natural Gas - In September, the production of raw coal in large-scale industries was 410 million tons, a year-on-year decrease of 1.8%, with the decline narrowing by 1.4 percentage points compared to August; the average daily output was 13.72 million tons [2] - From January to September, the total raw coal production reached 3.57 billion tons, showing a year-on-year increase of 2.0% [2] - The production of crude oil in September was 17.77 million tons, reflecting a year-on-year growth of 4.1%, with an acceleration of 1.7 percentage points compared to August; the average daily output was 592,000 tons [2] - For the first nine months, the total crude oil production was 162.63 million tons, up by 1.7% year-on-year [3] - The crude oil processing volume in September was 62.69 million tons, a year-on-year increase of 6.8%, with an average daily processing of 2.09 million tons [4] - From January to September, the total crude oil processing volume was 550.81 million tons, increasing by 3.7% year-on-year [5] - Natural gas production in September reached 21.2 billion cubic meters, with a year-on-year growth of 9.4%, accelerating by 3.5 percentage points compared to August; the average daily output was 710 million cubic meters [5] - For the first nine months, the total natural gas production was 194.9 billion cubic meters, reflecting a year-on-year increase of 6.4% [6] Group 2: Electricity Production - The electricity production in large-scale industries in September was 826.2 billion kilowatt-hours, a year-on-year increase of 1.5%; the average daily generation was 27.54 billion kilowatt-hours [7] - From January to September, the total electricity production was 7,255.7 billion kilowatt-hours, showing a year-on-year growth of 1.6% [7] - In September, the production of thermal power decreased by 5.4% year-on-year, while hydropower increased by 31.9%, nuclear power growth slowed to 1.6%, wind power decreased by 7.6%, and solar power increased by 21.1%, with the latter accelerating by 5.2 percentage points compared to August [7]

Core Insights - The report by Zhiyan Consulting analyzes the energy sector in China from 2026 to 2032, highlighting investment prospects and market trends [1] Summary by Category Power Generation in Qinghai Province - In August 2025, Qinghai Province's power generation reached 8.94 billion kilowatt-hours, representing a year-on-year decline of 12.8% [1] - From January to August 2025, the total power generation in Qinghai Province was 70.79 billion kilowatt-hours, showing a slight year-on-year increase of 0.4% [1] Breakdown of Power Generation by Source - Thermal power generation accounted for 8.01 billion kilowatt-hours, making up 11.3% of total generation, with a year-on-year increase of 2.8% [1] - Hydropower generation was 31.61 billion kilowatt-hours, constituting 44.7% of total generation, but experienced a year-on-year decline of 5% [1] - Wind power generation reached 10.08 billion kilowatt-hours, representing 14.2% of total generation, with a year-on-year increase of 7.6% [1] - Solar power generation totaled 21.091 billion kilowatt-hours, accounting for 29.8% of total generation, and saw a year-on-year growth of 4.9% [1]

Group 1: Coal and Oil Production - In August, the industrial raw coal production in Henan Province reached 8.8748 million tons, showing a year-on-year increase of 0.6%, but the growth rate decreased by 3.8 percentage points compared to July [2] - From January to August, the total industrial raw coal production was 71.0986 million tons, with a year-on-year growth of 2.7% [2] - The industrial crude oil processing in August was 0.9641 million tons, marking a year-on-year increase of 20.7%, with the growth rate improving by 6.1 percentage points from July [2] Group 2: Electricity Production - In August, the industrial electricity generation was 37.935 billion kWh, reflecting a year-on-year increase of 7.7%, but the growth rate fell by 19.6 percentage points compared to July [3] - From January to August, the total industrial electricity generation was 241.395 billion kWh, with a year-on-year growth of 4.0% [4] - Breakdown of electricity generation in August: thermal power increased by 7.6% (down 25.1 percentage points from July), hydropower turned from a decline of 27.1% in July to a growth of 6.4%, wind power grew by 9.9% (up 6.5 percentage points), and solar power increased by 7.0% (down 29.8 percentage points) [4]

Core Insights - The report highlights the performance of Hainan Province's power generation in 2025, indicating a total generation of 42.9 billion kWh in May, representing a year-on-year increase of 4.8% [1] - The overall power generation from January to May 2025 was 186.5 billion kWh, showing a year-on-year decline of 1.7% [1] Generation Breakdown - Thermal power generation accounted for 118.1 billion kWh, which is 63.3% of the total, experiencing a year-on-year decrease of 4.9% [1] - Hydropower generation reached 6.3 billion kWh, making up 3.4% of the total, with a year-on-year increase of 1.6% [1] - Nuclear power generation was 41.1 billion kWh, representing 22% of the total, with a year-on-year growth of 1% [1] - Wind power generation surged to 6.5 billion kWh, constituting 3.5% of the total, with a remarkable year-on-year increase of 243.6% [1] - Solar power generation totaled 14.4 billion kWh, accounting for 7.7% of the total, but saw a year-on-year decline of 13.1% [1]

Group 1 - In June 2025, Qinghai Province's electricity generation was 7.89 billion kWh, a year-on-year decrease of 2.9% [1] - In the first half of 2025, Qinghai Province's electricity generation reached 23.33 billion kWh, a year-on-year increase of 2.8% [1] - By type, in the first half of 2025, thermal power generation was 6.14 billion kWh, accounting for 12.2% of total generation, with a year-on-year decrease of 11.6% [1] - Hydropower generation was 22.28 billion kWh, accounting for 44.1% of total generation, with a year-on-year increase of 6.4% [1] - Wind power generation was 7.59 billion kWh, accounting for 15% of total generation, with a year-on-year increase of 9.5% [1] - Solar power generation was 14.495 billion kWh, accounting for 28.7% of total generation, with a year-on-year decrease of 2.9% [1]

Core Insights - In July 2025, the energy production in China showed a mixed performance with an increase in electricity generation and natural gas production, while coal production declined [1][2][3][5][9][11] Group 1: Electricity Production - The total electricity generation by large-scale industries reached 926.7 billion kWh in July, marking a year-on-year increase of 3.1%, with a growth rate acceleration of 1.4 percentage points compared to June [1][11] - The average daily electricity generation was 29.89 billion kWh in July, and for the first seven months, the total generation was 5,470.3 billion kWh, reflecting a year-on-year growth of 1.3% [1][11] - Among different energy sources, coal-fired power generation increased by 4.3%, wind power by 5.5%, and solar power surged by 28.7%, while hydropower saw a decline of 9.8% and nuclear power growth slowed to 8.3% [1][11] Group 2: Coal, Oil, and Gas Production - Coal production in July was 38 million tons, showing a year-on-year decrease of 3.8%, with an average daily output of 12.29 million tons [2][3] - Crude oil production remained stable at 18.12 million tons in July, with a year-on-year increase of 1.2%, while the average daily output was 585,000 tons [5] - Natural gas production increased significantly, reaching 21.6 billion cubic meters in July, which is a year-on-year growth of 7.4%, with an average daily output of 700 million cubic meters [9]

Group 1 - The core viewpoint of the news highlights the growth trends in the energy sector in Zhejiang Province, with a focus on various energy sources and their contributions to total electricity generation [1] - In June 2025, Zhejiang Province generated 40.59 billion kilowatt-hours of electricity, representing a year-on-year increase of 4.5% [1] - In the first half of 2025, the total electricity generation in Zhejiang Province reached 106.59 billion kilowatt-hours, showing a year-on-year growth of 3.3% [1] Group 2 - In the first half of 2025, thermal power generation in Zhejiang Province was 156.79 billion kilowatt-hours, accounting for 71.5% of total electricity generation, with a year-on-year increase of 5.7% [1] - Hydropower generation in the same period was 9.2 billion kilowatt-hours, making up 4.2% of total generation, but saw a decline of 12.6% year-on-year [1] - Nuclear power generation was 36.16 billion kilowatt-hours, representing 16.5% of total generation, with a slight decrease of 0.7% year-on-year [1] - Wind power generation reached 7.68 billion kilowatt-hours, accounting for 3.5% of total generation, and experienced a year-on-year growth of 17.3% [1] - Solar power generation was 9.458 billion kilowatt-hours, making up 4.3% of total generation, with a significant year-on-year increase of 20.6% [1]

Core Viewpoint - China Three Gorges New Energy (referred to as "the company") announced a cash dividend of 0.067 yuan per share, totaling approximately 1.917 billion yuan, which represents 31.37% of the parent company's net profit for 2024. This dividend is the lowest in the past three years despite a decline in net profit [1][2]. Financial Performance - In 2024, the company reported an operating income of 29.717 billion yuan, a year-on-year increase of 12.13%. However, the net profit attributable to shareholders decreased to 6.111 billion yuan, a decline of 14.81% compared to the previous year [2][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses also fell by 13.60% [5]. Reasons for Profit Decline - The decline in net profit is attributed to several factors: 1. Changes in the structure of electricity sales, with an increase in market-based trading volume and a decrease in average electricity prices, which affected revenue despite growth in installed capacity and generation [4][5]. 2. Increased depreciation and operating costs due to new projects coming online in 2024 [4][5]. 3. A provision for impairment of 1.45 billion yuan, which is an increase of 889 million yuan from the previous year [4]. 4. Fluctuations in the profitability of associated enterprises, leading to a decrease in investment income by approximately 47.64 million yuan [4]. Capacity Expansion - The company continued its expansion in the industry, adding 7.917 million kilowatts of new installed capacity in 2024, bringing the total installed capacity to 47.9614 million kilowatts. This includes 22.432 million kilowatts of wind power, 7.0498 million kilowatts of offshore wind power, and 24.2657 million kilowatts of solar power, representing market shares of 4.31%, 17.08%, and 2.74% respectively [6]. Strategic Outlook - The company's strategy of maintaining dividends despite reduced profits is seen as a way to optimize asset quality and reserve growth potential during the industry's transition period. The market will closely monitor whether the company can sustain its growth momentum while improving profitability to provide more stable returns to investors [9].

CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00956） 2025年7月主要經營數據 新天綠色能源股份有限公司（「本公司」）謹此公佈，根據本公司初步統計，2025年7月，本公司及其附 屬公司（合稱「本集團」）按合併報表口徑完成發電量844,218.82兆瓦時，同比增加9.32%。截至2025年7 月31日，累計完成發電量9,094,377.98兆瓦時，同比增加9.57%。 | | | 發電量 | | | | --- | --- | --- | --- | --- | | | 2025年7月 | 同比變動 | 2025年1-7月 | 同比變動 | | 地區 | （兆瓦時） | (%) | （兆瓦時） | (%) | | 風電業務 | 805,491.85 | 6.44 | 8,870,678.57 | 8.22 | | 河北 | 530,894.89 | 10.60 | 6,365,064.63 | 9.90 | | 山西 | 14,350.68 | 16.68 | 285,09 ...

Core Insights - The report highlights the growth and changes in electricity generation in Inner Mongolia, with a total generation of 688.2 billion kWh in 2025, marking a year-on-year increase of 2.4% [1] - The report indicates a shift in the energy mix, with coal-fired power generation decreasing by 7.1% to 2727.6 billion kWh, while renewable sources such as wind and solar power show significant growth [1] Electricity Generation Overview - In the first half of 2025, Inner Mongolia generated 2044.5 billion kWh of electricity, reflecting a year-on-year increase of 1.3% [1] - Coal-fired power accounted for 67.3% of total generation, while hydroelectric power contributed 0.6%, wind power 26.2%, and solar power 5.8% [1] Renewable Energy Growth - Wind power generation reached 1063 billion kWh, representing a year-on-year increase of 27.9% [1] - Solar power generation surged to 236.85 billion kWh, with a remarkable year-on-year growth of 50% [1]