SDIC Power Holdings Co.,
Ltd.
(GDR under the symbol:
"SDIC")
First Quarter 2024
Operating Results
This
announcement contains the English translation of the Chinese
version of "SDIC Power Holdings Co., Ltd. First 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
39.542 TWh of gross electricity generated and 38.447 TWh of net
electricity generated in Q1 2024, representing an increase of 3.27%
and 3.01% respectively compared with the same period last
year.
In Q1 2024, the average on-grid
tariff of the company's domestic holding enterprises is 0.387 RMB /
kWh, representing an increase of 3.75% compared with the same
period last year.
The operating results of the
company's domestic holding enterprises in 2024 Q1 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
|
21.434
|
23.376
|
-8.31%
|
21.304
|
23.245
|
-8.35%
|
0.318
|
0.305
|
4.26%
|
Thermal
Power
|
15.161
|
12.881
|
17.70%
|
14.254
|
12.089
|
17.91%
|
0.463
|
0.472
|
-1.91%
|
Wind
Power
|
1.782
|
1.537
|
15.95%
|
1.742
|
1.499
|
16.17%
|
0.492
|
0.487
|
1.03%
|
Solar Power
|
1.164
|
0.495
|
135.15%
|
1.147
|
0.489
|
134.71%
|
0.551
|
0.825
|
-33.21%
|
Total
|
39.542
|
38.289
|
3.27%
|
38.447
|
37.322
|
3.01%
|
0.387
|
0.373
|
3.75%
|
Explanation of year-on-year changes in gross electricity
generated of domestic power plants in 2024 Q1:
1.The main reasons for the overall
year-on-year decrease of hydropower generation are as
follows:
The inflow of the Yalong River and
Dachaoshan hydropower station basin is relatively dry.
2. The main
reasons for the overall year-on-year increase of thermal power
generation are firstly due to the increased social electricity
consumption in some regions and secondly due to the commissioning
of new thermal power units.
3. The main reasons for the overall
year-on-year increase of wind power generation are as
follows:
Firstly, the company put into
operation several wind power projects. Secondly, wind resources in
some areas were better than the same period last year.
4. The main reason for the overall
year-on-year increase of 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 in 2024 Q1:
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.
The decrease in solar power
electricity prices compared to the same period is mainly because
the newly commissioned units by the company are projects with grid
parity.
The main reason for the increase in
the electricity price of Yalong River hydropower is due to changes
in the electricity mix.
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 in Q1
2024:
The 50,000 kW onshore wind power
project Afton Wind Farm Limited has completed a total power
generation of 39 million kWh from January to March in 2024; The
9,800 kW waste-to-energy power project in Bangkok has completed a
total power generation of 20 million kWh from January to March in 2024.
The Board of Directors of
SDIC Power Holdings Co., Ltd.
April 15,
2024