Guodian Power: In its annual performance report released on April 15, 2024, Guodian Power announced a net profit of 9.831 billion yuan for the fiscal year, which represents an impressive 75.28% increase year-on-year. The company reported an operating income of 179.182 billion yuan, a slight decrease of 1% compared to the previous year. Additionally, the basic earnings per share rose to 0.551 yuan, reflecting a year-on-year increase of 75.48%.
On April 16, 2024, Guodian Power also announced its profit distribution plan for the year. As of December 31, 2024, the company’s undistributed profits amounted to 10,337,761,666.52 yuan. The board of directors resolved to distribute profits based on the total share capital registered on the dividend allocation date, proposing a cash dividend of 0.20 yuan per share (including tax) to all shareholders.
In another development, on April 15, 2025, Guodian Power’s Victory Power Plant completed three years of trial operations for its “high moisture brown coal boiler” project. This innovative project successfully demonstrated cold start and stable combustion without oil for brown coal with a moisture content of 38.6%, marking the establishment of the world’s first oil-free power plant utilizing high moisture brown coal.
Furthermore, in the first quarter of 2025, the Guizhou branch of the State Energy Group achieved a record-breaking green power trading volume of 219 million kilowatt-hours, a remarkable 624% increase year-on-year. This achievement is attributed to the company’s integrated marketing strategy and coordinated efforts among its subsidiaries.
In the broader context, recent reports from various state-owned enterprises revealed new trends in the electricity sector. While overall installed capacity growth remained stable, companies such as China Resources Power and Longyuan Power showed notable increases in their new installations.
In response to fluctuating market conditions, several central enterprises, including the State Grid and China Southern Power Grid, have initiated share buyback plans to stabilize their stock prices. Following the recent volatility caused by U.S. tariff policies, these companies are actively working to protect shareholder interests.
Additionally, the State Energy Group plans to enhance the core competitiveness of its listed companies by continuing to support their main operations and integrating assets.
On April 14, 2025, the National Energy Group announced that its “High-Efficiency Flexible Secondary Reheat Power Generation Technology” project received international recognition for its advancements in turbine technology, capable of operating efficiently at high parameters. This accomplishment underscores the group’s commitment to innovation in the energy sector.
Lastly, on April 16, 2025, a new initiative was launched to accelerate long-term green power trading, which is expected to contribute to stable electricity supply and enhanced interaction between power sources and loads.
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