S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
BEIJING - SDIC Power Holdings Co., Ltd. (LSE:SDIC), a major Chinese power producer, disclosed its operating results for the first quarter of 2025, indicating a slight decrease in electricity generation compared to the same period last year. According to the preliminary statistics released, the company’s gross and net electricity generation fell by 1.55% and 1.04% year-on-year, respectively.
The company’s hydropower generation saw a significant year-on-year increase of nearly 18%, attributed to full reservoir storage at the Lianghekou Hydropower Station and higher water inflows at other stations. Conversely, thermal power generation experienced a substantial decline of over 32%, which the company ascribes to a rise in clean energy production and increased electricity transmission to other regions.
Wind and solar power generation both recorded increases due to the commissioning of new projects, with solar power showing a notable rise of over 30%. Despite these gains in renewable energy, the overall decrease in thermal power generation has impacted the company’s total electricity output.
In terms of pricing, SDIC Power’s average on-grid tariff for its domestic holding enterprises dropped by 8.25% from the previous year. This decline is partly due to a shift in the electricity generation mix, with a reduced proportion of higher-priced thermal power. Additionally, the average trading prices for thermal power in certain regions have fallen, and there has been an uptick in the proportion of subsidy-free new energy projects.
As of the end of the first quarter, SDIC Power’s operational installed capacity under ownership remained unchanged at 44,634.7 MW, with the composition spanning hydropower, thermal power, solar power, wind power, and energy storage.
The company’s Board of Directors presented these figures on April 18, 2025, as part of their commitment to transparency. This information, based on a press release statement, offers investors insight into SDIC Power’s operational performance as it adapts to changing energy markets and generation dynamics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.