(Incorporated in the Cayman Islands with limited liability) Stock Code:1257 2025 Annual Results Presentation Mar 2026 1 Forward-looking Statements This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of China Everbright Greentech Limited (the "Company" or "Everbright Greentech") and factors beyond the Company's control and are subject to significant risks and uncertainties, and accordingly, actual results may ...

Core Insights - The National Energy Administration reported that by 2025, the installed capacity of renewable energy in China will reach 450 million kilowatts, a year-on-year increase of 21%, accounting for 83% of the country's new power installations [1][4] - Renewable energy's share of total installed capacity will exceed 60%, with wind and solar power contributing over 430 million kilowatts of new installations, surpassing thermal power for the first time in history [1][4] Installed Capacity - In 2025, the breakdown of new renewable energy installations includes 12.15 million kilowatts from hydropower, 120 million kilowatts from wind power, 318 million kilowatts from solar power, and 1.51 million kilowatts from biomass [1][4] - By the end of 2025, the total installed capacity of renewable energy will reach 2.34 billion kilowatts, a 24% increase year-on-year, representing approximately 60% of the total installed power capacity in the country [1][4] Power Generation - The renewable energy generation in 2025 is projected to be 3.99 trillion kilowatt-hours, a 15% increase year-on-year, accounting for 38% of total power generation, surpassing the combined electricity consumption of the tertiary industry and urban-rural residents [2][5] - The new renewable energy generation will cover the entire increase in social electricity consumption, which is 516.1 billion kilowatt-hours [2][5] Green Development - The share of green electricity in total electricity consumption is significant, with nearly 4 out of every 10 kilowatt-hours being green energy [2][5] - The cumulative installed capacity of wind and solar power reached 1.84 billion kilowatts by 2025, accounting for 47.3% of total capacity, marking a historic surpass of thermal power [2][6] Future Plans - The National Energy Administration aims to continue promoting the share of non-fossil energy consumption during the 14th Five-Year Plan period, with a focus on maintaining an average annual growth of 200 million kilowatts in wind and solar power [3][6] - Efforts will be made to enhance energy efficiency and expand the use of green electricity in key sectors such as industry, construction, and transportation, while also promoting the utilization of biomass and geothermal energy [3][6]

Core Insights - China's renewable energy installed capacity has reached a new high, with a significant increase in renewable energy generation [1][2] - The share of renewable energy in the total installed capacity has surpassed 60%, with wind and solar power contributing over 430 million kilowatts of new installations [1] Group 1: Installed Capacity - The total installed capacity of renewable energy in China reached 2.34 billion kilowatts by the end of 2025, marking a 24% year-on-year increase and accounting for approximately 60% of the national total [1] - New renewable energy installations in 2025 amounted to 452 million kilowatts, representing an annual growth of 21% and constituting 83% of the total new power installations in the country [1] - Wind power and solar power installations combined reached 1.84 billion kilowatts, making up 47% of the total renewable energy capacity [1] Group 2: Renewable Energy Generation - The renewable energy generation in 2025 is projected to be 3.99 trillion kilowatt-hours, reflecting a 15% year-on-year growth and accounting for 38% of the total electricity generation [2] - The increase in renewable energy generation has fully covered the growth in overall electricity consumption, with nearly 40% of every 100 kilowatt-hours consumed being green electricity [2] - The new renewable energy generation in 2025 is expected to be 519.3 billion kilowatt-hours, which has met the entire increase in electricity demand across society [2]

Core Viewpoint - The article emphasizes the rapid growth and significant achievements in China's renewable energy sector, highlighting the country's commitment to carbon neutrality and the expansion of its renewable energy capacity by 2025 [1]. Group 1: Renewable Energy Capacity - By 2025, renewable energy installed capacity exceeds 60%, with wind and solar power contributing over 430 million kilowatts of new capacity, surpassing thermal power for the first time [2]. - In 2025, the total installed capacity of renewable energy reaches 2.34 billion kilowatts, a 24% increase year-on-year, accounting for approximately 60% of the national total [2]. Group 2: Renewable Energy Generation - In 2025, renewable energy generation reaches 3.99 trillion kilowatt-hours, a 15% increase, making up 38% of total electricity generation [3]. - The increase in renewable energy generation covers the entire growth in national electricity consumption, with an additional 519.3 billion kilowatt-hours generated from renewable sources [3]. Group 3: Hydropower Development - In 2025, new hydropower capacity adds 12.15 million kilowatts, with total hydropower capacity reaching 450 million kilowatts [3]. - Hydropower generation in 2025 amounts to 1.46 trillion kilowatt-hours, with an average utilization of 3,367 hours [3]. Group 4: Wind Power Development - Wind power sees an increase of 12 million kilowatts in 2025, a 51% year-on-year growth, with 79% of new installations located in the "Three North" regions [4]. - Cumulative wind power capacity reaches 640 million kilowatts, with generation totaling 1.13 trillion kilowatt-hours, reflecting a 13% increase [4]. Group 5: Solar Power Development - Solar power capacity increases by 31.7 million kilowatts in 2025, a 14% growth, with both centralized and distributed solar power contributing significantly [5]. - Total solar power capacity reaches 1.2 billion kilowatts, with generation hitting 1.17 trillion kilowatt-hours, a 40% increase [5]. Group 6: Biomass and Thermal Power Development - Biomass power adds 1.51 million kilowatts in 2025, with total capacity reaching 47.43 million kilowatts and generation increasing by 7% [5]. - Thermal power sees a notable increase in installed capacity and generation, with specific figures indicating a growth trend [5].

Core Viewpoint - The National Energy Administration aims to achieve carbon peak and carbon neutrality by 2025, significantly enhancing the renewable energy system and exceeding the non-fossil energy consumption targets set for the 14th Five-Year Plan [1] Renewable Energy Capacity - The installed capacity of renewable energy has reached a new high, accounting for over 60% of the total, with wind and solar power contributing more than 430 million kilowatts of new capacity, surpassing thermal power for the first time [1] - By the end of 2025, the total installed capacity of renewable energy will reach 2.34 billion kilowatts, a year-on-year increase of 24%, representing approximately 60% of the total national power capacity [1] Renewable Energy Generation - The renewable energy generation is continuously increasing, with nearly 40% of electricity consumption coming from green energy, and all growth in electricity consumption being met by new renewable energy generation [2] - In 2025, the total renewable energy generation will reach 3.99 trillion kilowatt-hours, a 15% year-on-year increase, accounting for 38% of total generation [2] Hydropower - In 2025, the new hydropower installed capacity will be 12.15 million kilowatts, with a total installed capacity of 450 million kilowatts by the end of the year [2] - The hydropower generation will reach 1.46 trillion kilowatt-hours in 2025, with an average utilization of 3,367 hours [3] Wind Power - The new wind power installed capacity will be 120 million kilowatts in 2025, a 51% year-on-year increase, with 79% of new installations located in the "Three North" regions [3] - Wind power generation will reach 1.13 trillion kilowatt-hours in 2025, with an average utilization rate of 94% [4] Solar Power - The new solar power installed capacity will be 317 million kilowatts in 2025, a 14% year-on-year increase, with a total installed capacity of 1.2 billion kilowatts by the end of the year [4] - Solar power generation will reach 1.17 trillion kilowatt-hours in 2025, a 40% year-on-year increase, with a utilization rate of 95% [5] Biomass Power - The new biomass power installed capacity will be 151 million kilowatts in 2025, with a total capacity of 47.43 million kilowatts by the end of the year [5] - Biomass power generation will reach 224.7 billion kilowatt-hours in 2025, a 7% year-on-year increase [5] Concentrated Solar Power - The new concentrated solar power installed capacity will be 94 million kilowatts in 2025, a 203% year-on-year increase, with a total capacity of 1.82 million kilowatts by the end of the year [5] - Concentrated solar power generation will reach 1.6 billion kilowatt-hours in 2025, a 32% year-on-year increase [5]

Core Viewpoint - The article emphasizes the rapid growth and significant achievements in renewable energy in China, highlighting the country's commitment to carbon neutrality and the development of a robust renewable energy system by 2025 [2]. Group 1: Renewable Energy Capacity - The installed capacity of renewable energy has reached a new high, with over 60% of total capacity coming from renewable sources. Wind and solar power alone contributed over 430 million kilowatts of new capacity, surpassing thermal power for the first time [3]. - By the end of 2025, the total installed capacity of renewable energy is expected to reach 2.34 billion kilowatts, a 24% increase year-on-year, accounting for approximately 60% of the total installed power capacity in the country [3]. Group 2: Renewable Energy Generation - The generation of renewable energy continues to grow, with nearly 40% of total electricity consumption coming from green energy. In 2025, renewable energy generation is projected to be 3.99 trillion kilowatt-hours, a 15% increase year-on-year, representing 38% of total electricity generation [4]. - The increase in renewable energy generation has fully covered the growth in overall electricity consumption, with new renewable energy generation reaching 519.3 billion kilowatt-hours [4]. Group 3: Hydropower - In 2025, the newly added hydropower capacity is 12.15 million kilowatts, with a total installed capacity of 450 million kilowatts by the end of the year [5]. - The hydropower generation is expected to reach 1.46 trillion kilowatt-hours, with an average utilization of 3,367 hours for large-scale hydropower plants [5]. Group 4: Wind Power - Wind power capacity saw a significant increase, with 120 million kilowatts added in 2025, marking a 51% year-on-year growth. The total installed wind power capacity reached 640 million kilowatts by the end of the year [6]. - Wind power generation is projected to be 1.13 trillion kilowatt-hours, reflecting a 13% increase, with an average utilization rate of 94% [6]. Group 5: Solar Power - Solar power capacity increased by 317 million kilowatts in 2025, a 14% year-on-year growth, with total installed capacity reaching 1.2 billion kilowatts [7]. - Solar power generation is expected to be 1.17 trillion kilowatt-hours, a 40% increase, with an average utilization rate of 95% [8]. Group 6: Biomass and Thermal Power - Biomass power saw an addition of 151,000 kilowatts in 2025, with a total installed capacity of 4.743 million kilowatts, and generation reaching 224.7 billion kilowatt-hours, a 7% increase [8]. - Thermal power capacity increased significantly, with 940,000 kilowatts added, resulting in a total capacity of 1.82 million kilowatts and generation of 1.6 billion kilowatt-hours, a 32% increase [8].

Core Viewpoint - The establishment of the State Power Investment Corporation Qingyue (Qinghai) Energy Development Co., Ltd. marks a significant step in China's clean energy development and cross-regional collaboration, supporting the national "dual carbon" goals and regional coordinated development [3][4]. Group 1: Company Formation and Structure - The new energy company has a registered capital of 15.1 billion yuan and is formed by several state-owned enterprises, including the State Power Investment Corporation and Guangdong Energy Group, showcasing a collaborative model between central and local enterprises [3][4]. - The shareholding structure includes 51% from the State Power Investment Corporation, 30% from Guangdong Energy Group, 10% from Qinghai Clean Energy Industry Development Group, and 9% from Guangdong Electric Power Co., Ltd., creating a diverse ownership model [3]. Group 2: Strategic Importance and Operations - The company aims to enhance China's clean energy development, focusing on power generation, transmission, energy storage technology services, and carbon reduction technology services, thereby covering the entire clean energy value chain [4][8]. - Qinghai province, with over 79 million kilowatts of clean energy installed capacity and a 93% share of clean energy in its total power generation, is positioned as a key strategic base for renewable energy in China [5][6]. Group 3: Regional Collaboration and Energy Security - The establishment of the company facilitates a new model of cooperation between the eastern and western regions of China, addressing the inverse distribution of energy resources and electricity demand [6][7]. - The Qinghai Hainan Clean Energy Delivery Base, with a total investment of nearly 73 billion yuan and a planned capacity of 19.44 million kilowatts, will significantly contribute to energy supply stability in the Guangdong region [5][7]. Group 4: Technological and Industrial Development - The new company will leverage technological resources from its stakeholders to enhance the integration of solar, wind, and energy storage technologies, aiming to improve project efficiency and reduce costs [8]. - The collaboration is expected to create a complete industrial chain from resource development to market consumption, promoting the upgrade of the renewable energy industry [8].

Industry Updates - In January and February 2025, a total of 6,233 new registered renewable energy generation projects were added nationwide, including 36 wind power projects and 6,190 solar power projects, with 48 centralized solar projects and 6,142 distributed commercial and industrial solar projects [2] - The domestic prices of gasoline and diesel have increased by 205 yuan and 195 yuan per ton, respectively, due to recent fluctuations in international oil prices [3] - The production of ten non-ferrous metals in China has surpassed 8 million tons for the first time, reaching 8,175 million tons, which is a 3.9% increase compared to the previous year [3] - Ningxia has become the first province in China to achieve "green electricity self-sufficiency," with a 70% increase in renewable energy investment and a 38% increase in installed capacity expected by 2025 [4] - The first gas ignition test at the Leitan-1 well in Sichuan Province marks a significant milestone in the province's oil and gas exploration efforts [5] - A total of 30 low-efficiency coal-fired units have been shut down and converted in Shandong Province, with a combined installed capacity of 490,500 kilowatts [5] International News - Mexico will stop supplying oil to Cuba, as stated by U.S. President Trump, indicating a shift in energy supply dynamics in the region [6] - Hungary has filed a lawsuit against the EU regarding the ban on importing Russian energy, challenging the "REPowerEU" energy plan [7] Corporate News - The National Pipeline Group has achieved a historic milestone with both incoming and outgoing natural gas volumes exceeding 30 billion cubic meters in a single month, reflecting a year-on-year increase of over 14% [8]

Core Viewpoint - The announcement details the status of newly registered renewable energy projects in China as of December 2025, highlighting a total of 6,233 projects, predominantly in solar and wind energy sectors [2]. Summary by Category Wind Power - A total of 36 wind power projects have been registered, with notable contributions from various provinces such as Shanxi (9 projects) and Inner Mongolia (2 projects) [3][8]. - Specific projects include the 12.5 MW wind farm in Anhui and a 200 MW project in Heilongjiang [7][9]. Solar Power - The solar power sector comprises 6,190 projects, including 48 centralized solar projects and 6,142 commercial and industrial distributed solar projects [2]. - Key projects include a 500 MW solar project in Gansu and a 300 MW project in Chongqing [10][12]. Biomass Power - There are 7 biomass power projects registered, with capacities ranging from 0.6 MW to 21.6 MW, located in provinces such as Gansu and Henan [16][17]. - Notable projects include a 15 MW waste incineration project in Gansu and a 21.6 MW biomass gasification project in Hubei [17].

Core Insights - The China Electricity Council has reported that by 2025, the country will add 550 million kilowatts of new power generation capacity, with wind and solar energy accounting for 440 million kilowatts, representing 80.2% of the total new capacity [1] Group 1 - The new power generation capacity will predominantly come from renewable sources, with wind, solar, and biomass contributing to 97.1% of the total new electricity generation, indicating a significant shift towards green energy [1] - The continuous enhancement of green electricity supply capabilities reflects China's ongoing efforts in energy and power green and low-carbon transformation [1]