RNS Number : 5172F
SDIC Power Holdings Co., LTD
10 July 2023
 

SDIC Power Holdings Co., Ltd.  

(GDR under the symbol: "SDIC")

 Second Quarter 2023 Operating Results

 

 

This announcement contains the English translation of the Chinese version of "SDIC Power Holdings Co., Ltd. Second Quarter 2023 Operating Results" as published on the website of the Shanghai Stock Exchange, and is provided for your reference only. In case of discrepancy between the Chinese version and the English version, the Chinese version shall prevail.

 

According to the preliminary statistics of SDIC Power Holdings Co., Ltd. ("the company"), the company's domestic holding enterprises have completed a total of 32.996 TWh of gross electricity generated and 31.941 TWh of net electricity generated in Q2 2023, representing decrease of 8.97% and 9.82% respectively compared with the same period last year. From January to June 2023, the company's domestic holding enterprises have completed a total of 71.285 TWh of gross electricity generated and 69.264 TWh of net electricity generated, representing an increase of 4.58% and 4.30% respectively compared with the same period last year.

 

In Q2 2023, the average on-grid tariff of the company's domestic holding enterprises is 0.404 RMB / kWh, representing an increase of 15.50% compared with the same period last year. From January to June 2023, the average on-grid tariff of the company's domestic holding enterprises is 0.388 RMB / kWh, representing an increase of 7.94% compared with the same period last year.

 

The operating results of the company's domestic holding enterprises in 2023 Q2 is as followed:

 

Items

Gross Electricity Generated

(TWh)

 

Net Electricity Generated

(TWh)

 

Average On-grid Tariff

(RMB / kWh, including tax)

 

Current period

Same period last year

Change (YOY%)

Current period

Same period last year

Change (YOY%)

Current period

Same period last year

Change (YOY%)

Hydropower

15.988

24.710

-35.30%

15.877

24.568

-35.38%

0.322

0.281

14.68%

Thermal

Power

14.581

9.705

50.25%

13.687

9.058

51.11%

0.472

0.470

0.31%

Wind Power

1.822

1.325

37.51%

1.780

1.293

37.65%

0.499

0.556

-10.25%

Solar Power

0.605

0.507

19.27%

0.597

0.501

19.21%

0.769

0.935

-17.76%

Total

32.996

36.247

-8.97%

31.941

35.420

-9.82%

0.404

0.350

15.50%

 

 

 

The operating results of the company's domestic holding enterprises from January to June 2023 is as followed:

 

Items

Gross Electricity Generated

(TWh)

 

Net Electricity Generated

(TWh)

 

Average On-grid Tariff

 (RMB / kWh)

 

Current period

Same period last year

Change (YOY%)

Current period

Same period last year

Change (YOY%)

Current period

Same period last year

Change (YOY%)

Hydropower

39.364

42.937

-8.32%

39.122

42.683

-8.34%

0.031

0.029

9.42%

Thermal Power

27.462

21.801

25.97%

25.776

20.367

26.56%

0.047

0.047

0.18%

Wind Power

3.359

2.487

35.06%

3.279

2.428

35.09%

0.049

0.052

-5.76%

Solar Power

1.100

0.941

16.89%

1.086

0.929

16.88%

0.080

0.088

-9.73%

Total

71.285

68.166

4.58%

69.264

66.407

4.30%

0.039

0.036

7.94%

 

 

Explanation of year-on-year changes in gross electricity generated of domestic power plants from January to June in 2023:

 

1.The main reason for the overall year-on-year decrease in hydropower generation:

The water inflow in various hydropower basins is below normal.

 

2. The main reasons for the overall year-on-year increase in thermal power generation are firstly due to the increased social electricity consumption in some regions and secondly due to the impact of less rainfall.

 

3. The main reasons for the overall year-on-year increase in wind power generation are as follows:

Firstly, the company put into operation and acquired several wind power projects. Secondly, wind resources in some areas were better than the same period last year.

 

4. The main reasons for the overall year-on-year increase of solar power generation are as follows:

Firstly, the company put into operation several solar power projects. Secondly, solar resources in some areas were better than the same period last year.

 

Explanation of year-on-year changes in average on-grid tariff of domestic power plants from January to June in 2023:

 

Affected by settlement prices and settlement cycles, the on-grid prices of various power plants have fluctuated. Among them, the price of thermal power is all formed by market, and the price is basically flat compared with the same period last year. the prices of wind power and solar power have declined compared to the same period last year, mainly because the company's newly commissioned units are parity-grid projects; the increase in the price of Yalong River hydropower compared to the same period last year is mainly due to the completion of a price increase for the Jinguan to Jiangsu transmission last year.

 

In addition, Yangfanggou has not yet defined the electricity price mechanism, and Lianghekou is temporarily settled according to the transition period electricity price.

 

Operating results of overseas power plants from January to June in 2023:

 

The 50,000 kW onshore wind power project Afton Wind Farm Limited has completed a total power generation of 54 million kWh from January to June in 2023; The 9,800 kW waste-to-energy power project in Bangkok has completed a total power generation of 31 million kWh from January to June in 2023.

 

The Board of Directors of SDIC Power Holdings Co., Ltd.

 

July 10, 2023

 

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