Summary by Futu AI
China Power International Development Limited (referred to as "China Power") announced that in September 2024, the group's total electricity sales reached 10,696,537 megawatt-hours, an increase of 34.99% compared to the same period last year. In the first nine months of 2024, the group's total electricity sales were 98,470,185 megawatt-hours, an increase of 31.63% year-on-year. Among various power generation methods, wind and photovoltaic power generation increased significantly by 75.52% and 76.27% respectively, while hydropower generation decreased by 13.17%. Coal-fired power generation saw a slight increase of 1.89% in the first nine months, while natural gas power generation decreased by 14.07%. Eco-friendly power generation increased by 31.77% year-on-year. Major joint venture companies or cooperative companies also recorded positive growth in wind and photovoltaic power generation, with a decrease in coal-fired power generation. The China Power board of directors includes executive directors He Xi and Gao Ping, non-executive directors Zhou Jie and Huang Qinghua, as well as independent non-executive directors Li Fang, Qiu Jiasi, and Xu Hanzhong.
