REG - SDIC Power Holdings - Second Quarter 2022 Operating Results

SDIC Power Holdings CoAnnouncement

14/07/2022 10:15

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RNS Number : 4796S  SDIC Power Holdings Co., LTD  14 July 2022

SDIC Power Holdings Co., Ltd.

(GDR under the symbol: "SDIC")

 Second Quarter 2022 Operating Results

 

 

This announcement contains the English translation of the Chinese version of
"SDIC Power Holdings Co., Ltd. Second Quarter 2022 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 36.247 TWh of gross electricity generated and 35.415 TWh of net electricity
generated in Q2 2022, representing an increase of 6.59% and 7.41% respectively
compared with the same period last year. From January to June 2022, the
company's domestic holding enterprises have completed a total of 68.166 TWh of
gross electricity generated and 66.402 TWh of net electricity generated,
representing an increase of 3.75% and 4.17% respectively compared with the
same period last year.

 

In Q2 2022, the average on-grid tariff of the company's domestic holding
enterprises is 0.350 RMB / kWh, representing an increase of 4.51% compared
with the same period last year. From January to June 2022, the average on-grid
tariff of the company's domestic holding enterprises is 0.359 RMB / kWh,
representing an increase of 7.92% compared with the same period last year.

 

The operating results of the company's domestic holding enterprises in 2022 Q2
is as follows:

 

 Items        Gross Electricity Generated                           Net Electricity Generated                             Average On-grid Tariff

              (TWh)                                                 (TWh)                                                 (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   24.710          17.489                 41.29%         24.568          17.385                 41.32%         0.281           0.283                  -0.66%
 Thermal      9.705           14.750                 -34.21%        9.058           13.854                 -34.62%        0.470           0.371                  26.82%

 Power
 Wind Power   1.325           1.355                  -2.20%         1.293           1.323                  -2.24%         0.556           0.471                  18.16%
 Solar Power  0.507           0.413                  22.87%         0.496           0.408                  21.54%         0.935           0.931                  0.40%
 Total        36.247          34.006                 6.59%          35.415          32.971                 7.41%          0.350           0.335                  4.51%

 

 

The operating results of the company's domestic holding enterprises from
January to June 2022 is as followed:

 

 Items          Gross Electricity Generated                           Net Electricity Generated                             Average On-grid Tariff

                (TWh)                                                 (TWh)                                                  (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     42.937          34.202                 25.54%         42.683          33.999                 25.54%         0.285           0.276                  3.21%
 Thermal Power  21.801          28.063                 -22.31%        20.367          26.379                 -22.79%        0.471           0.371                  26.85%
 Wind Power     2.487           2.642                  -5.87%         2.428           2.580                  -5.90%         0.524           0.497                  5.38%
 Solar Power    0.941           0.794                  18.52%         0.924           0.785                  17.75%         0.881           0.938                  -6.17%
 Total          68.166          65.701                 3.75%          66.402          63.743                 4.17%          0.359           0.333                  7.92%

 

 

Explanation of year-on-year changes in gross electricity generated of domestic
power plants in 2022 Q2:

1.The main reasons for the overall year-on-year growth of hydropower
generation are as follows: Firstly, the year-on-year gross electricity
generated of Yalong River increased due to the operation of Yangfanggou
Hydropower Station and Lianghekou Hydropower Station, and also due to the
sufficient water flow in Yalong River basin. Secondly, the sufficient water
flow of Dachaoshan results in the increase of gross electricity generated.

 

2. The main reasons for the overall year-on-year decrease of thermal power
generation are firstly due to the abundant rainfall in partial areas which
causes the significant increase of hydropower generation, and secondly due to
the reduction of social electricity consumption in some of the thermal power
areas.

 

3. The main reason for the overall year-on-year decrease of wind power
generation is because partial regional wind farms are affected by wind
resources.

 

4. The main reasons for the overall year-on-year growth of solar power
generation include the successive merger and acquisition of solar power
projects as well as the commencement of operation of various projects.

 

Explanation of year-on-year changes in average on-grid tariff of domestic
power plants in 2022 Q2:

 

The cost of thermal price has risen being affected by the high coal price.
According to relevant national policies, the price of thermal power is all
formed by market, and thus the price has increased due to the continuous
tension between supply and demand. Meanwhile, the on-grid tariff of power
plants fluctuates with the affection of the settlement price and settlement
cycle.

 

Among them, 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 in Q2 2022:

 

The 50,000 kW onshore wind power project Afton Wind Farm Limited is in good
operation condition, with a total power generation of 78 million kWh completed
from January to June in 2022; The 9,800 kW waste-to-energy power project in
Bangkok is in good operation condition, with a total power generation of 37
million kWh completed from January to June in 2022.

 

 

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

 

July 14, 2022

 

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