Business Review

The Group is principally engaged in generation and sales of electricity in Mainland China, including investment, development, operation and management of coal-fired power, hydropower, wind power and photovoltaic power plants. Its businesses are located in the major power grid regions of China.

In 2018, the national total electricity consumption in China rose by 8.5% as compared with the previous year, reaching a record high over the past seven years. The national power generation recorded an increase of 8.4% as compared with the previous year, among which, coal-fired power increased by 7.3% as compared with the previous year; and hydropower increased by 3.2% as compared with the previous year. As of the end of 2018, the national power generation installed capacity increased by 6.5% and the growth rate slowed down as compared with the previous year. Overall, despite further slowdown in newly installed capacity, the national electricity demand grew steadily with balanced supply and demand in general.