SDIC Power Holdings Co.,
Ltd.
(GDR under the symbol:
"SDIC")
Second Quarter 2024
Operating Results
This
announcement contains the English translation of the Chinese
version of "SDIC Power Holdings Co., Ltd. Second Quarter 2024
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
37.822 TWh of gross electricity generated and 36.813 TWh of net
electricity generated in Q2 2024, representing an increase of
14.63% and 15.25% respectively compared with the same period last
year. From January to June 2024, the company's domestic holding
enterprises have completed a total of 77.364 TWh of gross
electricity generated and 75.260 TWh of net electricity generated,
representing an increase of 8.53% and 8.66% respectively compared
with the same period last year.
In Q2 2024, the average on-grid
tariff of the company's domestic holding enterprises is 0.366 RMB /
kWh, representing a decrease of 9.41% compared with the same period
last year. From January to June 2024, the average on-grid tariff of
the company's domestic holding enterprises is 0.377 RMB / kWh,
representing a decrease of 2.84% compared with the same period last
year.
The operating results of the
company's domestic holding enterprises in 2024 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
|
21.886
|
15.988
|
36.89%
|
21.755
|
15.877
|
37.02%
|
0.292
|
0.322
|
-9.32%
|
|
Thermal
Power
|
13.003
|
14.581
|
-10.82%
|
12.184
|
13.687
|
-10.98%
|
0.467
|
0.472
|
-1.06%
|
|
Wind
Power
|
1.761
|
1.822
|
-3.33%
|
1.719
|
1.78
|
-3.42%
|
0.457
|
0.499
|
-8.42%
|
|
Solar Power
|
1.172
|
0.605
|
93.76%
|
1.155
|
0.597
|
93.42%
|
0.55
|
0.769
|
-28.48%
|
|
Total
|
37.822
|
32.996
|
14.63%
|
36.813
|
31.941
|
15.25%
|
0.292
|
0.322
|
-9.41%
|
The operating results of the
company's domestic holding enterprises from January to June 2024 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
|
43.321
|
39.364
|
10.05%
|
43.059
|
39.122
|
10.06%
|
0.305
|
0.312
|
-2.24%
|
|
Thermal Power
|
28.164
|
27.462
|
2.56%
|
26.438
|
25.776
|
2.57%
|
0.465
|
0.472
|
-1.48%
|
|
Wind
Power
|
3.543
|
3.359
|
5.49%
|
3.461
|
3.279
|
5.53%
|
0.475
|
0.494
|
-3.85%
|
|
Solar Power
|
2.336
|
1.1
|
112.39%
|
2.302
|
1.086
|
112.01%
|
0.55
|
0.795
|
-30.82%
|
|
Total
|
77.364
|
71.285
|
8.53%
|
75.26
|
69.264
|
8.66%
|
0.377
|
0.388
|
-2.84%
|
Explanation of year-on-year changes in gross electricity
generated of domestic power plants from January to June in
2024:
1. The main
reason for the year-on-year increase in hydropower generation is
due to the abundant water inflow in the basins of various
hydropower stations.
2. The main
reasons for the increase in power generation by thermal power
enterprises in Fujian are the increase in social electricity
consumption and external power transmission in Fujian Province. The
main reason for the decline in power generation by thermal power
enterprises in Guangxi and Guizhou is the abundant regional water
inflow, which has squeezed the space for thermal power generation.
The two 660,000-kilowatt units of SDIC Qinzhou Second Power Co.,
Ltd. were put into operation in December 2023 and April 2024,
respectively, increasing power generation.
3.The main reason for the overall
year-on-year increase in wind power generation is the successive
commissioning of multiple projects.
4. The main reason for the overall
year-on-year increase in solar power generation is the successive
commissioning of multiple projects.
Explanation of year-on-year changes in average on-grid tariff
of domestic power plants from January to June in
2024:
Due to the impacts of settlement
prices and billing cycles, the grid electricity prices of various
power plants have fluctuated. Among them:
1.The electricity price for thermal
power follows a "quantity price + capacity price" two-part tariff
system, and the price has decreased compared to the same period
last year.
2.The decrease in solar power
electricity prices compared to the same period is mainly because
the newly commissioned units by the company are projects with grid
parity.
3. Main
reasons for the year-on-year decrease in electricity prices for
Xiaosanxia is due to the price fluctuations in the spot
market.
4. Main reasons for the year-on-year
decrease in electricity prices for Yalong river
hydropower:
Firstly, the electricity price base
was relatively high in the same period last year.
Secondly, changes in the power
generation structure, where a significant improvement in water
inflow in June led to a substantial increase in power generation,
but this portion of the power enjoys the flood season electricity
price, which is relatively lower.
Moreover, 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 2024:
The 50,000 kW onshore wind power
project Afton Wind Farm Limited has completed a total power
generation of 64 million kWh from January to June in 2024; The
9,800 kW waste-to-energy power project in Bangkok has completed a
total power generation of 39 million kWh from January to June in 2024.
The Board of Directors of
SDIC Power Holdings Co., Ltd.
July 19,
2024