SDIC Power Holdings Co.,
Ltd.
(GDR under the symbol:
"SDIC")
Third Quarter 2024 Operating
Results
This
announcement contains the English translation of the Chinese
version of "SDIC Power Holdings Co., Ltd. Third Quarter 2024
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
55.913 TWh of gross electricity generated and 54.650 TWh of net
electricity generated in Q3 2023, representing increase of 12.46%
and 12.79% respectively compared with the same period last year.
From January to September 2023, the company's domestic holding
enterprises have completed a total of 133.277 TWh of gross
electricity generated and 129.909 TWh of net electricity generated,
representing an increase of 10.14% and 10.36% respectively compared
with the same period last year.
In Q3 2024, the average on-grid
tariff of the company's domestic holding enterprises is 0.336 RMB /
kWh, representing an increase of 5.62% compared with the same
period last year. From January to September
2024, the average on-grid tariff of the company's domestic holding
enterprises is 0.360RMB / kWh, representing a decrease of 4.00%
compared with the same period last year.
The operating results of the
company's domestic holding enterprises in 2024 Q3 is as
followed:
|
Items
|
Gross Electricity
Generated
(TWh)
|
Net Electricity
Generated
(TWh)
|
Average On-grid
Tariff
(RMB / kWh, including
tax)
|
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
|
Hydropower
|
37.024
|
30.189
|
22.64%
|
36.831
|
30.015
|
22.71%
|
0.278
|
0.281
|
-1.07%
|
|
Thermal
Power
|
16.138
|
17.094
|
-5.59%
|
15.124
|
16.054
|
-5.79%
|
0.459
|
0.474
|
-3.16%
|
|
Wind
Power
|
1.466
|
1.58
|
-7.19%
|
1.429
|
1.541
|
-7.28%
|
0.453
|
0.457
|
-0.88%
|
|
Solar Power
|
1.284
|
0.854
|
50.39%
|
1.266
|
0.843
|
50.08%
|
0.459
|
0.613
|
-25.12%
|
|
Total
|
55.913
|
49.717
|
12.46%
|
54.65
|
48.453
|
12.79%
|
0.336
|
0.356
|
-5.62%
|
The operating results of the
company's domestic holding enterprises from January to September
2024 is as followed:
|
Items
|
Gross Electricity
Generated
(TWh)
|
Net Electricity
Generated
(TWh)
|
Average On-grid
Tariff
(RMB /
kWh)
|
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
Current
period
|
Same period last
year
|
Change
(YOY%)
|
|
Hydropower
|
80.345
|
69.554
|
15.52%
|
79.89
|
69.138
|
15.55%
|
0.292
|
0.299
|
-2.19%
|
|
Thermal Power
|
44.302
|
44.556
|
-0.57%
|
41.562
|
41.83
|
-0.64%
|
0.463
|
0.473
|
-2.11%
|
|
Wind
Power
|
5.01
|
4.939
|
1.44%
|
4.89
|
4.821
|
1.43%
|
0.469
|
0.482
|
-2.70%
|
|
Solar Power
|
3.62
|
1.954
|
85.29%
|
3.568
|
1.929
|
84.94%
|
0.516
|
0.714
|
-27.73%
|
|
Total
|
133.277
|
121.002
|
10.14%
|
129.909
|
117.717
|
10.36%
|
0.36
|
0.375
|
-4.00%
|
Explanation of year-on-year changes in gross electricity
generated of domestic power plants from January to September in
2024:
1.The main reason for the
year-on-year increase in hydropower generation is due to the
abundant water inflow in the basins of various hydropower
stations.
2.The main reasons for the increase
in power generation by thermal power enterprises in Fujian are the
increase in social electricity consumption and external power
transmission in Fujian Province. The main reason for the decline in
power generation by thermal power enterprises in Guangxi and
Guizhou is the abundant regional water inflow, which has squeezed
the space for thermal power generation. The two 660,000-kilowatt
units of SDIC Qinzhou Second Power Co., Ltd. were put into
operation in December 2023 and April 2024, respectively, increasing
power generation.
3.The main reason for the overall
year-on-year increase in wind power generation is the successive
commissioning of multiple projects.
4. The main reason for the overall
year-on-year increase in solar power generation is the successive
commissioning of multiple projects.
Explanation of year-on-year changes in average on-grid tariff
of domestic power plants from January to September in
2024:
Due to the impacts of settlement
prices and billing cycles, the grid electricity prices of various
power plants have fluctuated. Among them:
The electricity price for thermal
power follows a "quantity price + capacity price" two-part tariff
system, and the price has decreased compared to the same period
last year.
Main reasons for the year-on-year
decrease in electricity prices for Xiaosanxia is due to the price
fluctuations in the spot market.
The electricity price for solar power
has decreased compared to the same period, primarily because the
company's newly commissioned units are part of parity grid
projects, and the peak-valley time-of-use pricing has also had an
impact.
Moreover, 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 2024:
The 50,000 kW onshore wind power
project Afton Wind Farm Limited has completed a total power
generation of 93 million kWh from January to September in 2024; The
9,800 kW waste-to-energy power project in Bangkok has completed a
total power generation of 52 million kWh from January to September in 2024.
The Board of Directors of
SDIC Power Holdings Co., Ltd.
October 17,
2024