According to the “Outline of the New Development Strategy” of the Company announced in October 2021, the Company has taken “Lower Carbon Empower Better Life” as its mission, aiming to achieve the vision of becoming a “World-class Green and Low-carbon Energy Provider”. The Company will stay committed to green, innovative and high-quality development with a focus on promoting sustainable and rapid development of clean and low carbon energy such as wind power, photovoltaic power and hydropower. Proactive efforts have been made to nurture emerging industries of green energy, including energy storage and green power transportation, comprehensively optimize its coal-fired power assets, and effectively develop its “integrated clean energy industry platform” to facilitate the green and low carbon transformation of the economy and the society.
The Company will capitalize on the support from its parent companies to continue to acquire clean energy assets and projects from independent third parties and its parent companies, as and when appropriate, and at the same time identify other quality clean energy assets and projects for development with a view to creating more value for its shareholders and to achieve the goals under its new development strategy.
The Company announced its revised dividend policy in January 2019, which increased the amount of dividends from not less than 25% of the profit attributable to equity holders of the Company to not less than 50%. The Company will strictly implement the dividend policy, and determine the amount of dividends to be distributed based on actual operating performance for a given year.
According to relevant statistics from official institutions such as the China Electricity Council, China’s total electricity consumption exceeded 10 trillion kWh in 2025, representing a year-on-year increase of approximately 5% to 6%. The national installed power generation capacity exceeded 3.6 billion kilowatts, with rising proportion of installed capacity from new energy. On this basis, the national electricity demand is projected to maintain medium-to-high growth in 2026. Stable economy and enhancing electrification will continue to drive power consumption growth, resulting in an overall “tight balance” between power supply and demand nationwide. However, factors such as fluctuating renewable energy output, extreme weather events, and uneven regional resource distribution may still lead to risks of temporarily tight supply-demand in certain areas and during peak consumption periods.
The Directors and management attach great importance to ESG and regard it as a core pillar for achieving high-quality, sustainable development of the Company. With its robust practices on ESG, the Company received wide recognition from various sectors of the community and international capital markets in 2025: the Company’s MSCI ESG Rating was upgraded to “A” during the year, marking a record of two consecutive years of improvement; in terms of S&P Global ESG Ratings, the Company maintained a leading position among the industry in China; it also received a number of prestigious accolades, including being selected as a “2025 Best Case of Sustainable Development Practices of Listed Companies” by the China Association for Public Companies and a relevant award at the 15th China Securities Golden Bauhinia Awards hosted by Tai Kung Pao and Wen Wei Po in Hong Kong. All these demonstrated its enhancement in both ESG management effectiveness and market recognition.