SDIC Power Holdings Co., LTD Third Quarter 2023 Operating Results (9274P)
October 12 2023 - 4:50AM
UK Regulatory
TIDMSDIC
RNS Number : 9274P
SDIC Power Holdings Co., LTD
12 October 2023
SDIC Power Holdings Co., Ltd.
(GDR under the symbol: "SDIC")
Third Quarter 2023 Operating Results
This announcement contains the English translation of the
Chinese version of "SDIC Power Holdings Co., Ltd. Third 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 49.717 TWh of gross
electricity generated and 48.454 TWh of net electricity generated
in Q3 2023, representing decrease of 0.96% and 1.05% respectively
compared with the same period last year. From January to September
2023, the company's domestic holding enterprises have completed a
total of 121.002 TWh of gross electricity generated and 117.717 TWh
of net electricity generated, representing an increase of 2.23% and
2.03% respectively compared with the same period last year.
In Q3 2023, the average on-grid tariff of the company's domestic
holding enterprises is 0.356 RMB / kWh, representing an increase of
5.64% compared with the same period last year. From January to
September 2023, the average on-grid tariff of the company's
domestic holding enterprises is 0.375 RMB / kWh, representing an
increase of 7.14% compared with the same period last year.
The operating results of the company's domestic holding
enterprises in 2023 Q3 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 30.189 32.601 -7.40% 30.015 32.423 -7.43% 0.281 0.249 12.85%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Thermal
Power 17.094 15.885 7.61% 16.054 14.867 7.99% 0.474 0.501 -5.39%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Wind Power 1.58 1.217 29.85% 1.542 1.188 29.74% 0.457 0.486 -5.97%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Solar
Power 0.854 0.496 72.29% 0.843 0.49 72.21% 0.613 0.848 -27.71%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Total 49.717 50.199 -0.96% 48.454 48.967 -1.05% 0.356 0.337 5.64%
-------- -------- -------- -------- -------- -------- -------- -------- --------
The operating results of the company's domestic holding
enterprises from January to September 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 69.554 75.539 -7.92% 69.138 75.106 -7.95% 0.299 0.27 10.74%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Thermal
Power 44.556 37.686 18.23% 41.83 35.234 18.72% 0.473 0.484 -2.27%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Wind Power 4.939 3.704 33.35% 4.821 3.616 33.33% 0.482 0.515 -6.41%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Solar
Power 1.954 1.437 36.00% 1.929 1.419 35.97% 0.714 0.869 -17.84%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Total 121.002 118.365 2.23% 117.717 115.374 2.03% 0.375 0.35 7.14%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Explanation of year-on-year changes in gross electricity
generated of domestic power plants from January to September 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 September 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 all formed by market, and the main reason
for the slight price decrease in the third quarter is that the
market-based electricity price base in the Fujian region in the
same period of the previous year was relatively high.
The prices of wind power and solar power have declined compared
to the same period last year, mainly because the company's newly
commissioned units are parity-grid projects; the increase in the
price of Yalong River hydropower compared to the same period last
year is mainly due to the completion of a price increase for the
Jinguan to Jiangsu transmission last year.
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
September in 2023:
The 50,000 kW onshore wind power project Afton Wind Farm Limited
has completed a total power generation of 84 million kWh from
January to September in 2023; The 9,800 kW waste-to-energy power
project in Bangkok has completed a total power generation of 50
million kWh from January to September in 2023.
The Board of Directors of SDIC Power Holdings Co., Ltd.
October 12, 2023
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