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 the very extraordinary year of 2020, the sudden outbreak of the COVID-19 pandemic has had a material impact on global socio-economic conditions. Amid the epidemic early last year, China’s energy consumption fell precipitously. However, under the timely introduction of a series of national policies to contain the spread of the virus, economic activities resumed steadily in the second quarter as the adverse impacts of the pandemic were gradually overcome. With the further recovery of the domestic macro-economy in the second half of the year, the national power consumption and demand rebounced and maintained a stable growth.