REG - SDIC Power Holdings - First Quarter 2026 Operating Results

SDIC Power Holdings CoAnnouncement

Wed 13:00

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RNS Number : 5657A  SDIC Power Holdings Co., LTD  15 April 2026

SDIC Power Holdings Co., Ltd.

(GDR under the symbol: "SDIC")

 First Quarter 2026 Operating Results

 

 

This announcement contains the English translation of the Chinese version of
"SDIC Power Holdings Co., Ltd. First Quarter 2026 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.

 

I. Electricity Volume and Tariff

According to the preliminary statistics of SDIC Power Holdings Co., Ltd.
(hereinafter referred to as the "Company"), from January to March 2026, the
Company's holding enterprises cumulatively achieved power generation of 37.907
billion kWh and on-grid energy of 37.048 billion kWh, a year-on-year decrease
of 2.78% and 2.77% respectively.

From January to March 2026, the average on-grid tariff of these enterprises
was RMB 0.354/kWh, a year-on-year decrease of 0.28%.

Main Operating Data of the Company's Holding Enterprises from January to March
2026

 Item                                               Power generation                      On-grid energy

(100 million kWh)
(100 million kWh)

                  Current period                    Same period  Change   Current period  Same period  Change

last year
(YOY%)
last year
(YOY%)

 Sichuan          Yalong Hydro                      209.29       232.37   -9.93%          208.13       231.14   -9.95%
 Yunnan           SDIC Dachaoshan                   17.64        13.68    28.95%          17.54        13.60    29.04%
 Gansu            SDIC Xiaosanxia                   6.01         6.67     -9.90%          5.92         6.56     -9.77%
 Subtotal of hydropower                             232.94       252.71   -7.82%          231.59       251.30   -7.84%
 Tianjin          SDIC Beijiang                     29.81        29.85    -0.15%          27.80        27.80    -0.02%
 Guangxi          SDIC Qinzhou Electric Power       17.96        22.24    -19.25%         17.07        20.71    -17.61%
                  SDIC Qinzhou Second Power         10.48        6.02     74.07%          9.73         5.70     70.81%
 Fujian           Huaxia Power                      13.63        9.55     42.66%          12.81        8.95     43.08%
                  Meizhouwan Electric Power         22.48        26.73    -15.92%         21.48        25.24    -14.89%
 Guizhou          SDIC Panjiang                     9.82         7.89     24.51%          9.01         7.17     25.64%
                  Guizhou New Sky                   0.43         0.36     20.32%          0.36         0.30     21.96%
 Thailand         C&G Environmental Protection      0.23         0.22     3.06%           0.19         0.19     3.76%
 Subtotal of thermal power                          104.84       102.87   1.91%           98.45        96.06    2.49%
 Wind power                                         20.43        19.14    6.76%           19.95        18.70    6.68%
 Solar power generation                             20.87        15.20    37.29%          20.48        14.97    36.78%
 Total of holding enterprises                       379.07       389.92   -2.78%          370.48       381.03   -2.77%

Explanation of the year-on-year change in power generation of holding
enterprises from January to March 2026:

1. Main reasons for the year-on-year change in hydropower generation

The water inflow in the Yalong River Basin and the basin where Xiaosanxia
Hydropower Station is located was relatively low; the rainfall in the basin
where Dachaoshan Hydropower Station is located was more abundant than that in
the same period last year, coupled with the impact of increased water release
from the upstream power stations for power generation and water diversion.

2.   Main reasons for the year-on-year change in thermal power generation

Main reasons for the change in power generation of Guangxi's thermal power
enterprises: Generally, power generation remained largely flat compared to the
same period last year, with divergent year-on-year changes among internal
power plants (some increased while others decreased) mainly due to the unified
balancing dispatch within the region.

Main reasons for the change in power generation of Fujian's thermal power
enterprises: Huaxia Power carried out less unit maintenance year on year,
leading to higher power generation. The Meizhouwan Phase I BOT project was
handed over in the second quarter of the previous year and is therefore
excluded from the statistics for the current period, resulting in a
year-on-year decrease in power generation.

Main reasons for the increase in power generation of Guizhou's thermal power
enterprises: Higher power generation year-on-year was mainly driven by
increased social electricity consumption and outbound power transmission in
Guizhou, as well as the province's proactive participation in the long-cycle
trial operation of the spot market.

3.   Main reasons for the year-on-year increase in wind power generation

Multiple wind power projects were put into operation successively.

4.   Main reasons for the year-on-year increase in solar power generation

Multiple solar power projects were put into operation successively.

II. Installed Capacity Status

In Q1 2026, the holding installed capacity put into operation by the Company
increased by 300,000 kW, attributable to the Shandong Tai'an Solar Power
Project. As of the end of Q1 2026, this figure reached about 47,195,600 kW,
including 21,304,500 kW of hydro power, 13,074,800 kW of thermal power
(including waste-to-energy generation), 4,140,300 kW of wind power, 7,989,400
kW of solar power, and 686,600 kW of energy storage.

 

 

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

 

April 15, 2026

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