Sdic Power. Regulatory News (SDIC)

SDIC Power Holdings Co., Ltd.  

(GDR under the symbol: "SDIC")

 First Quarter 2022 Operating Results

This announcement contains the English translation of the Chinese version of "SDIC Power Holdings Co., Ltd. First Quarter 2022 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 31.919 TWh of gross electricity generated and 30.987 TWh of net electricity generated in Q1 2022, representing an increase of 0.71% and 0.70% respectively compared with the same period last year.

In Q1 2022, the average on-grid tariff of the company's domestic holding enterprises is 0.374 RMB / kWh, representing an increase of 13.51% compared with the same period last year.

The operating results of the company's domestic holding enterprises in 2022 Q1 is as followed:

Explanation of year-on-year changes in gross electricity generated of domestic power plants in 2022 Q1:

1.The main reasons for the overall year-on-year increase of hydropower generation are as follows:

the year-on-year power generation of Yalong River increased firstly due to the operation of Yangfanggou Hydropower Station and Lianghekou Hydropower Station, and secondly due to the rapid storage capacity decline of Ertan Reservoir

2.The main reasons for the overall year-on-year decrease of thermal power generation are firstly due to the abundant rainfall in partial areas which causes the significant increase of hydropower generation, and secondly due to the reduction of social electricity consumption as well as the increase of incoming power.

3. The main reason for the overall year-on-year decrease of wind power generation is because partial regional wind farms are affected by wind resources.

4. The main reasons for the overall year-on-year growth of solar power generation are the successive merger and acquisition as well as operation of solar power projects by the company.

Explanation of year-on-year changes in average on-grid tariff of domestic power plants in 2022 Q1:

The cost of thermal price has risen affected by the high coal price. According to relevant national policies, the price of thermal power is all formed by market, and thus the price has increased due to the continuous tension between supply and demand. Meanwhile, the on-grid tariff of power plants fluctuates with the affection of the settlement price and settlement cycle.

Among them, 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 2022:

In October 2018, the company completed the acquisition of the 50,000 kW onshore wind power project, Afton Wind Farm Limited, which is in good operation condition, with a total power generation of 46 million kWh from January to March in 2022; in July 2019, the company completed the acquisition of the 9,800 kW waste-to-energy power project in Bangkok, which is in good operation condition, with a total power generation of 17 million kWh from January to March in 2022.

The Board of Directors of SDIC Power Holdings Co., Ltd.

April 15, 2022