Last checked at 11 Apr 2023 07:00
SDIC Power Holdings Co., Ltd.
(GDR under the symbol: "SDIC")
First Quarter 2023 Operating Results
This announcement contains the English translation of the Chinese version of "SDIC Power Holdings Co., Ltd. First 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 38.289 TWh of gross electricity generated and 37.322 TWh of net electricity generated in Q1 2023, representing an increase of 19.96% and 20.45% respectively compared with the same period last year.
In Q1 2023, the average on-grid tariff of the company's domestic holding enterprises is 0.373 RMB / kWh, representing a decrease of -0.16% compared with the same period last year.
The operating results of the company's domestic holding enterprises in 2023 Q1 are as follows:
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 | 23.376 | 18.227 | 28.25% | 23.245 | 18.115 | 28.32% | 0.305 | 0.291 | 4.74% |
Thermal Power | 12.881 | 12.096 | 6.49% | 12.089 | 11.309 | 6.89% | 0.472 | 0.47 | 0.42% |
Wind Power | 1.537 | 1.162 | 32.27% | 1.499 | 1.134 | 32.16% | 0.487 | 0.526 | -7.42% |
Solar Power | 0.495 | 0.434 | 14.12% | 0.489 | 0.428 | 14.14% | 0.825 | 0.92 | -10.29% |
Total | 38.289 | 31.919 | 19.96% | 37.322 | 30.987 | 20.45% | 0.373 | 0.374 | -0.16% |
Explanation of year-on-year changes in gross electricity generated of domestic power plants in 2023 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 the Yalong River increased significantly due to the cascade dispatch of the Yalong River Basin and the decline in reservoir capacity at the Lianghekou Hydropower Station.
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 impact of less rainfall.
3. The main reasons for the overall year-on-year increase of wind power generation are as follows:
Firstly, the company put into operation and acquired several wind power projects, resulting in a year-on-year increase in power generation. 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 projects, resulting in a year-on-year increase in power generation. Secondly, solar resources in some areas were better than the same period.
Explanation of year-on-year changes in average on-grid tariff of domestic power plants in 2023 Q1:
The cost of thermal price has risen due to the high coal price. According to relevant national policies, the price of thermal power is all formed by market, and the price is basically flat compared with the same period last year. Meanwhile, the on-grid tariff of power plants fluctuates due to the impact of settlement prices and settlement cycles.
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 2023:
The 50,000 kW onshore wind power project Afton Wind Farm Limited has completed a total power generation of 38 million kWh from January to March in 2023; The 9,800 kW waste-to-energy power project in Bangkok has completed a total power generation of 17 million kWh from January to March in 2023.
The Board of Directors of SDIC Power Holdings Co., Ltd.
April 10, 2023