Caesars Entertainment misses Q2 earnings expectations, shares edge lower
BEIJING - China Yangtze Power Co., Ltd. (SHA:600900) reported a 5.01% year-on-year increase in gross electricity generation from its domestic cascade hydropower projects for the first half of 2025, reaching approximately 126.656 billion kilowatt-hours (KWh).
According to a company press release, second-quarter output decreased slightly by 1.63% compared to the same period last year, totaling 68.977 billion KWh.
The company’s largest facility, the Three Gorges (SS:600116) Project, experienced a significant decline in output, generating 19.451 billion KWh in the second quarter, down 12.37% year-on-year. For the half-year period, Three Gorges output fell 5.43% to 34.244 billion KWh.
Water inflow data showed mixed conditions across the company’s reservoirs. The Wudongde Reservoir received approximately 39.964 billion cubic meters of water in the first half of 2025, a 9.01% increase compared to the same period last year. However, the Three Gorges Reservoir experienced an 8.39% decrease in water inflow, recording approximately 135.532 billion cubic meters.
Among the company’s other facilities, the Baihetan Project showed the strongest performance with a 16.24% increase in second-quarter generation to 13.116 billion KWh, and a 16.66% increase for the half-year to 25.690 billion KWh.
The Gezhouba Project joined Three Gorges in recording negative growth, with output declining 9.12% in the second quarter and 4.38% for the half-year period.
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