China Resources Power Holdings Reports Strong Growth in Power Generation for February and First Two Months of 2026

Key Highlights from the Report

• Overall Growth in Power Generation:
  Total net generation of subsidiary power plants in February 2026 increased by 2.3% year-on-year, reaching 16,039,423 MWh. For the first two months of 2026, total net generation surged by 16.4% year-on-year to 39,828,212 MWh.
• Renewables Lead the Growth:
  • Wind Farms: Net generation in February 2026 rose by 7.4% year-on-year to 4,519,772 MWh. For the first two months, wind farm output increased by 7.3% to 9,449,754 MWh.
  • Photovoltaic Plants: Notably, subsidiary photovoltaic (solar) plants achieved a 38.7% year-on-year increase in February (to 987,575 MWh) and a remarkable 55.9% increase over the first two months (to 2,266,961 MWh).
• Thermal and Hydro Plant Performance:
  • Thermal Plants: Net generation fell slightly in February 2026 by 2.0% year-on-year, but for the first two months, output rose strongly by 17.9% to 27,876,039 MWh.
  • Hydro Plants: Output declined by 14.1% in February and by 22.1% for the first two months.
• Disclosure Change:
  From October 2025 onwards, the company adjusted its disclosure basis to a grid-connected basis, now including net generation from units in trial operation.

Potentially Price-Sensitive Information for Investors

• Significant Growth in Clean Energy Generation: The substantial increases in wind and photovoltaic output, especially a 55.9% surge in solar generation, may signal operational success in renewables and alignment with China’s energy transition policies. This could positively affect the company’s valuation and investor sentiment.
• Thermal Power Recovery: Despite a minor dip in February, the strong recovery in thermal generation in the first two months (+17.9%) may reflect robust power demand or improved operational efficiency.
• Hydro Weakness: The decline in hydro output could reflect unfavorable hydrological conditions. Investors may want to monitor if this trend continues.
• Unaudited Data: All figures are based on internal management records and have not been audited or reviewed by external auditors. This is crucial for investors as the numbers are preliminary.
• Regulatory Compliance: The company issued this update in accordance with Part XIVA of the Securities and Futures Ordinance, highlighting its potential price sensitivity.

Detailed Performance Table

Board and Management

The announcement was authorized by the Board, currently comprised of four executive Directors (including Chairman Mr. SHI Baofeng), three non-executive Directors, and seven independent non-executive Directors, ensuring broad oversight and governance.

Important Investor Notice

• Exercise Caution: As the figures are unaudited and based on internal records, investors are advised to exercise caution in dealing in the shares of the Company.
• Potential Share Price Impact: The significant growth in renewable energy output may be viewed positively by the market, but investors should consider all aspects including the unaudited nature of the data and sector dynamics.

Contact Information

For further inquiries, investors may contact China Resources Power Holdings Company Limited Investor Relations at Tel: (852) 2593 7550 or Fax: (852) 2593 7551.

Disclaimer: This article is prepared based on the company’s unaudited internal management records as disclosed in its official regulatory filing. The information provided herein is for reference only and does not constitute investment advice. Investors should exercise caution and consult their financial advisors before making investment decisions. The company and the author disclaim any liability for losses arising from reliance on the content above.

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