Sdic Power. Regulatory News (SDIC)

SDIC Power Holdings Co., Ltd.  

(GDR under the symbol: "SDIC")

 Second Quarter 2022 Operating Results

This announcement contains the English translation of the Chinese version of "SDIC Power Holdings Co., Ltd. Second 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 36.247 TWh of gross electricity generated and 35.415 TWh of net electricity generated in Q2 2022, representing an increase of 6.59% and 7.41% respectively compared with the same period last year. From January to June 2022, the company's domestic holding enterprises have completed a total of 68.166 TWh of gross electricity generated and 66.402 TWh of net electricity generated, representing an increase of 3.75% and 4.17% respectively compared with the same period last year.

In Q2 2022, the average on-grid tariff of the company's domestic holding enterprises is 0.350 RMB / kWh, representing an increase of 4.51% compared with the same period last year. From January to June 2022, the average on-grid tariff of the company's domestic holding enterprises is 0.359 RMB / kWh, representing an increase of 7.92% compared with the same period last year.

The operating results of the company's domestic holding enterprises in 2022 Q2 is as follows:

The operating results of the company's domestic holding enterprises from January to June 2022 is as followed:

Explanation of year-on-year changes in gross electricity generated of domestic power plants in 2022 Q2:

1.The main reasons for the overall year-on-year growth of hydropower generation are as follows: Firstly, the year-on-year gross electricity generated of Yalong River increased due to the operation of Yangfanggou Hydropower Station and Lianghekou Hydropower Station, and also due to the sufficient water flow in Yalong River basin. Secondly, the sufficient water flow of Dachaoshan results in the increase of gross electricity generated.

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 in some of the thermal power areas.

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 include the successive merger and acquisition of solar power projects as well as the commencement of operation of various projects.

Explanation of year-on-year changes in average on-grid tariff of domestic power plants in 2022 Q2:

The cost of thermal price has risen being 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 Q2 2022:

The 50,000 kW onshore wind power project Afton Wind Farm Limited is in good operation condition, with a total power generation of 78 million kWh completed from January to June in 2022; The 9,800 kW waste-to-energy power project in Bangkok is in good operation condition, with a total power generation of 37 million kWh completed from January to June in 2022.

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

July 14, 2022