In the first quarter, Huaneng Power (00902) accumulated a total of 1066.33 billion kilowatt-hours of electricity generated by domestic power plants, a year-on-year decrease of 5.66%.

HUANENG POWER (00902) announced that, according to the company's preliminary statistics, in the first quarter of 2025, the total electricity generated by the company's operating power plants in China reached 1066.33 billion kilowatt-hours on a consolidated basis, a year-on-year decrease of 5.66%. In the first quarter of 2025, the average on-grid settlement electricity price for the company's operating power plants in China was 488.19 yuan per megawatt-hour, a year-on-year decrease of 1.96%. The proportion of market-based transaction electricity in the first quarter of 2025 was 84.85%, a decrease of 1.75 percentage points from the same period last year. The main reasons for the decrease in the company's electricity generation are: in the first quarter, the company continued to promote green and low-carbon transformation, with the installed capacity of wind power and photovoltaic power continuously increasing, and the electricity generated from new energy sources increased year-on-year. However, factors such as loose supply and demand, the increase in the installed capacity of Shanxi Guoxin Energy Corporation, and the decrease in the market share of the company's coal-fired units have led to a further decline in the utilization hours of the coal-fired units and a decrease in the electricity generated by these units year-on-year, resulting in a decrease in the company's electricity generation. In the first quarter of 2025, the market share of electricity generation of Singapore Da Shi Energy Limited, a wholly-owned subsidiary of the company, was 18.7%, a decrease of 3 percentage points compared to the same period last year. As of March 31, 2025, the company's controllable installed capacity for power generation was 148,700 megawatts.