China Power Holds 2025 Interim Results Presentation

On August 22, 2025, China Power held its 2025 interim results presentation in Hong Kong. According to the presentation, for the first half of 2025, China Power achieved operating revenue of RMB 23.858 billion and net income attributable to shareholders of RMB 2.835 billion. The net cash flow from operating activities was RMB 7.471 billion, an increase of 37.77% year-on-year. The debt-to-asset ratio was 67.99%, a decrease of 0.43% since the start of the year.

The complementary and synergistic effects of China Power's various power generation segments continued to be evident. Despite short-term pressure on the new energy operating environment, the company's overall performance remained stable and positive, fully demonstrating its operational quality and risk resilience. Key highlights included:

China Power is incorporated and listed in Hong Kong, now in its 21st year. As one of the representative enterprises from the era of "raising funds for power development, utilizing foreign capital for power development" in China, generations of China Power people have ridden the waves and strived for excellence, growing the company, injecting momentum into the economy, providing guarantee for livelihoods, and creating benefits for shareholders. While the environment changes, the determination to build the business remains unchanged, as do the fundamental philosophies of running the enterprise.

Looking forward, China Power will continue to uphold three unwavering commitments: First, unwavering commitment to prioritizing the interests of all shareholders and continuously creating corporate value. Vigorously promoting the planned construction of integrated thermal-wind-solar and hydro-wind-solar bases, digging deep for quality improvements in existing assets, ensuring new additions are efficient and effective, improving company performance, deepening its utility attributes, and forging China Power's unique brand identity. Second, unwavering adherence to the red lines of work safety and risk control, ensuring the company advances steadily and goes far. Guaranteeing safe, stable, and reliable power supply, comprehensively enhancing equipment reliability, and ensuring units can step up, generate power, and perform well during critical moments. Third, unwavering maintenance of efficient corporate governance capabilities, continuously improving the rationality of decision-making and execution. Systematically and efficiently governing business activities, treating all shareholders fairly, and preserving China Power's excellent corporate governance culture.

China Power will undertake long-term planning with a sense of responsibility where success does not necessarily have to be attributed to me, and remain true to its original aspiration to build a passionate, enduring enterprise.

The presentation was attended online by over 70 investors and analysts. Institutions including HSBC, Changjiang Securities, Huayuan Securities, and UBS Securities actively asked questions, primarily focusing on "two prices and one volume", installation plans, and capital expenditure. China Power responded carefully to investors, providing positive guidance on these questions and resulting in a highly effective meeting.