TIDMSDIC

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              Net Electricity               Average On-grid 
                        Generated                     Generated                       Tariff 
                          (TWh)                         (TWh)                      (RMB / kWh, 
                                                                                  including tax) 
               Current    Same     Change    Current    Same     Change    Current    Same     Change 
                period    period    (YOY%)    period    period    (YOY%)    period    period    (YOY%) 
                           last                          last                          last 
                           year                          year                          year 
              --------  --------  --------  --------  --------  --------  --------  --------  -------- 
 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              Net Electricity               Average On-grid 
                        Generated                     Generated                       Tariff 
                          (TWh)                         (TWh)                      (RMB / kWh) 
               Current    Same     Change    Current    Same     Change    Current    Same     Change 
                period    period    (YOY%)    period    period    (YOY%)    period    period    (YOY%) 
                           last                          last                          last 
                           year                          year                          year 
              --------  --------  --------  --------  --------  --------  --------  --------  -------- 
 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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END

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July 10, 2023 06:46 ET (10:46 GMT)

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