China Power Rated as "Benchmark" Among "Double Hundred Enterprises"

Recently, the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council announced the results of its 2025 evaluation on the "Science and Technology Reform Action" and the "Double Hundred Action" for the Chinese central state-owned enterprises. China Power was rated as "Benchmark" among the "Double Hundred Enterprises", and its subsidiary, XYZ Storage, was rated as "Excellent" among the "Science and Technology Reform Enterprises". These two honors show that SASAC highly appreciates China Power’s commitment to the "Action to Deepen and Enhance the Reform of State-owned Enterprises" and its efforts to advance the "Double Hundred Action" and technological innovation reform, highlighting the company’s demonstration effect and leading role as a pioneer in the state-owned enterprise reform.

In 2025, the year that marked the conclusion of the "Action to Deepen and Enhance the Reform of State-owned Enterprises", China Power strictly implemented the State Council’s requirements for deepening the reform of state-owned assets and enterprises. The company closely adhered to the Group’s "Balanced Growth Strategy", set its sights on building a comprehensive clean energy industrial platform, insisted on breaking through the bottlenecks via reform and empowering development via innovation, and focused on "strengthening core functions" and "enhancing core competitiveness", thereby pushing forward the effective implementation of all enterprise reform initiatives to achieve sustainable growth.

China Power has optimized its industrial layout to strengthen its core functions. The company has closely followed paths of reform, such as ensuring energy supply security and promoting a green transition, while continuously strengthening its core functions through systematic industrial reforms. First, establish a new structure of "thermal power, wind power, and photovoltaic power + A-share-listed hydropower", and steadily advance specialized integration, actively supporting the Group’s efforts to build a comprehensive clean energy industrial platform. Second, refine the modern corporate system with distinctive Chinese features, fully implement the powers and functions of the board of directors, ensure that the boards of directors are established at all required levels, dynamically optimize the list of governance rights and responsibilities, and continuously enhance the modernization of our governance system and capabilities. Third, improve the system and mechanism of science and technology innovation, work with the Key Laboratory for Fire Safety in Electrochemical Energy to carry out technical research, successfully complete the online application of the Group's "1455" system, deepen the digital transformation of business-finance integration, and empower the industry to upgrade with "Intelligent Transformation and Digital Transition".

China Power has strengthened the innovation of its mechanisms and continuously enhance its core competitiveness. The company has further promoted the reform of its systems and mechanisms to stimulate the endogenous development momentum in all directions. Fixed-term appointments and contract-based management have been fully implemented at the executive level, medium-and long-term incentives have been provided in a timely manner, the capital operation has been standardized and the full-process internal control and supervision have been improved. Moreover, China Power has built and improved the ESG management system, raising the MSCI ESG rating to A. The company has won many prestigious awards, including Sustainable Brand Model, the Best Case of Sustainable Development of Listed Companies, and ESG Golden Bull Award, and took the lead in undertaking the project on the social value evaluation system of central state-owned enterprises. Our ability of sustainable development governance has been widely recognized by the industry.