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Datang International's On-Grid Power Generation Inches Up in Q1
Hong Kong stock morning report | E-commerce platforms have completely canceled "refund only" policy. Wei Long Mei Wei plans to invest 1 billion yuan to build a new factory.
① E-commerce platforms fully cancel "refund only" policy. ② The IMF lowers the 2025 global economic growth forecast from 3.3% at the beginning of the year to 2.8%. ③ The Ministry of Industry and Information Technology solicits public opinions on the "Guide to the Construction of Comprehensive Standardization System for Cloud Computing (2025 Version)." ④ The Ministry of Industry and Information Technology: More than 100 national and industry standards will be developed and revised to establish a standard system for Intelligent Manufacturing that adapts to the development of new industrialization by 2026.
Express News | Datang Intnl Pwr Gen: Announcement on the Completion of on-Grid Power Generation for the First Quarter of 2025
Express News | Datang International Power Generation - as of 31 March , Total on-Grid Power Generation 60.3232 Billion Kwh
Datang International Power Generation: In the first quarter, approximately 60.323 billion kilowatt-hours of electricity was generated, a year-on-year increase of about 0.76%.
Gelonghui reported on April 22 that Datang International Power Generation (601991.SH) announced that, according to the company's preliminary statistics, as of March 31, 2025, the company and its subsidiaries had cumulatively completed an on-grid electricity amount of approximately 60.3232 billion kilowatt-hours, an increase of about 0.76% year-on-year. The main reason for the change in the company's on-grid electricity amount is that due to favorable water inflow in the areas where some hydropower units are located and a significant year-on-year increase in the capacity of New energy Fund, the year-on-year increase in the company's hydropower and New energy Fund on-grid electricity effectively compensated for the year-on-year decline in thermal power on-grid electricity. As of March 31, 2025, the company's average on-grid electricity price was RMB.
[Brokerage Focus] CITIC SEC: The new generation of coal and electricity upgrades will contribute to the construction of a new type of Electrical Utilities system.
Jinwu Financial News | CITIC SEC Research Reports indicate that the impact of New energy Fund power generation is increasing, resulting in higher demands for coal power, which plays a fundamental role in the electrical utilities system, pushing for coal power upgrades to assist in the construction of a new type of electrical utilities system. The "New Generation Coal Power Upgrade Special Action Implementation Plan (2025–2027)" covers existing, newly constructed, and demonstration units, adding new indicators or enhancing current indicator requirements, leading to coal power upgrades; it also specifies that energy authorities in provinces and cities should formulate action plans tailored to their regions, controlling the pace independently; by collaborating with the New energy Fund, improving ancillary service markets, and issuing REITs.
