SDIC Power Holdings Co., LTD Fourth Quarter 2023 Operating Results (5410Z)
January 12 2024 - 4:00AM
UK Regulatory
TIDMSDIC
RNS Number : 5410Z
SDIC Power Holdings Co., LTD
12 January 2024
SDIC Power Holdings Co., Ltd.
(GDR under the symbol: "SDIC")
Fourth Quarter 2023 Operating Results
This announcement contains the English translation of the
Chinese version of "SDIC Power Holdings Co., Ltd. Fourth Quarter
2023 Operating Results" as published on the website of the Shanghai
Stock Exchange, and is provided for your reference only. In case of
discrepancy between the Chinese version and the English version,
the Chinese version shall prevail.
According to the preliminary statistics of SDIC Power Holdings
Co., Ltd. ("the company"), the company's domestic holding
enterprises have completed a total of 40.773 TWh of gross
electricity generated and 39.738 TWh of net electricity generated
in Q4 2023, representing increase of 6.92% and 6.99% respectively
compared with the same period last year. From January to December
2023, the company's domestic holding enterprises have completed a
total of 161.775 TWh of gross electricity generated and 157.456 TWh
of net electricity generated, representing an increase of 3.37% and
3.24% respectively compared with the same period last year.
In Q4 2023, the average on-grid tariff of the company's domestic
holding enterprises is 0.371 RMB / kWh, representing an increase of
4.21% compared with the same period last year. From January to
December 2023, the average on-grid tariff of the company's domestic
holding enterprises is 0.374 RMB / kWh, representing an increase of
6.55% compared with the same period last year.
The operating results of the company's domestic holding
enterprises in 2023 Q4 is as followed:
Items Gross Electricity Net Electricity Average On-grid
Generated Generated Tariff
(TWh) (TWh) (RMB / kWh,
including tax)
Current Same Change Current Same Change Current Same Change
period period (YOY%) period period (YOY%) period period (YOY%)
last last last
year year year
-------- -------- -------- -------- -------- -------- -------- -------- --------
Hydropower 24.652 23.654 4.22% 24.505 23.515 4.21% 0.303 0.28 8.21%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Thermal
Power 13.566 12.905 5.12% 12.73 12.089 5.30% 0.471 0.478 -1.46%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Wind Power 1.556 1.17 32.92% 1.517 1.141 32.93% 0.499 0.489 2.04%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Solar
Power 0.999 0.405 146.78% 0.987 0.399 147.39% 0.569 0.76 -25.13%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Total 40.773 38.135 6.92% 39.738 37.144 6.99% 0.371 0.356 4.21%
-------- -------- -------- -------- -------- -------- -------- -------- --------
The operating results of the company's domestic holding
enterprises from January to December 2023 is as followed:
Items Gross Electricity Net Electricity Average On-grid
Generated Generated Tariff
(TWh) (TWh) (RMB / kWh)
Current Same Change Current Same Change Current Same Change
period period (YOY%) period period (YOY%) period period (YOY%)
last last last
year year year
-------- -------- -------- -------- -------- -------- -------- -------- --------
Hydropower 94.206 99.193 -5.03% 93.643 98.621 -5.05% 0.3 0.272 10.29%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Thermal
Power 58.122 50.591 14.89% 54.559 47.323 15.29% 0.472 0.481 -1.87%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Wind Power 6.494 4.874 33.25% 6.338 4.757 33.24% 0.486 0.508 -4.33%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Solar
Power 2.953 1.841 60.36% 2.916 1.818 60.42% 0.665 0.845 -21.30%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Total 161.775 156.5 3.37% 157.456 152.518 3.24% 0.374 0.351 6.55%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Explanation of year-on-year changes in gross electricity
generated of domestic power plants from January to December in
2023:
1.The main reason for the overall year-on-year decrease in
hydropower generation:
The water inflow in various hydropower basins is below
normal.
2. The main reasons for the overall year-on-year increase in
thermal power generation are firstly due to the increased social
electricity consumption in some regions and secondly due to the
impact of less rainfall.
3. The main reasons for the overall year-on-year increase in
wind power generation are as follows:
Firstly, the company put into operation and acquired several
wind power projects. Secondly, wind resources in some areas were
better than the same period last year.
4. The main reasons for the overall year-on-year increase of
solar power generation are as follows:
Firstly, the company put into operation several solar power
projects. Secondly, solar resources in some areas were better than
the same period last year.
Explanation of year-on-year changes in average on-grid tariff of
domestic power plants from January to December in 2023:
Affected by settlement prices and settlement cycles, the on-grid
prices of various power plants have fluctuated. Among them:
The price of thermal power is entirely market-driven, with
prices slightly lower compared to the same period previously. The
decrease in wind and solar power prices is mainly due to the
increasing marketization of the power sector, and the newly
commissioned units in the company being part of grid parity
projects. The increase in the price of Yalong River hydropower
compared to the same period last year is mainly due to the price
increase for the Jinguan to Jiangsu transmission.
In addition, Yangfanggou has not yet defined the electricity
price mechanism, and Lianghekou is temporarily settled according to
the transition period electricity price.
Operating results of overseas power plants from January to
December in 2023:
The 50,000 kW onshore wind power project Afton Wind Farm Limited
has completed a total power generation of 119 million kWh from
January to December in 2023; The 9,800 kW waste-to-energy power
project in Bangkok has completed a total power generation of 65
million kWh from January to December in 2023.
The Board of Directors of SDIC Power Holdings Co., Ltd.
January 12, 2024
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