China Res Power (00836) Feb-26 Net Generation Rises 2.3% YoY; Cumulative 2M26 Output Up 16.4%

Bulletin Express
03/13

China Resources Power Holdings Company Limited (China Res Power, stock code: 00836) reported unaudited net generation data for February 2026 and the first two months of 2026. Figures are compiled from internal management records on a grid-connected basis, which has included trial-run units since October 2025.

Total Net Generation • February 2026: 16.04 million MWh, up 2.3% year on year. • January–February 2026: 39.83 million MWh, up 16.4% year on year.

Generation Mix – February 2026 vs. February 2025 • Thermal: 10.41 million MWh, down 2.0%. • Wind: 4.52 million MWh, up 7.4%. • Photovoltaic: 0.99 million MWh, up 38.7%. • Hydro: 0.12 million MWh, down 14.1%.

Generation Mix – January–February 2026 vs. Prior-year Period • Thermal: 27.88 million MWh, up 17.9%. • Wind: 9.45 million MWh, up 7.3%. • Photovoltaic: 2.27 million MWh, up 55.9%. • Hydro: 0.24 million MWh, down 22.1%.

Key Takeaways 1. Photovoltaic output was the fastest-growing segment, expanding 38.7% in February and 55.9% in the two-month period. 2. Wind generation continued to deliver steady gains, rising 7.4% in February and 7.3% year to date. 3. Thermal plants, despite a 2.0% dip in February, drove overall growth for the two-month period with a 17.9% increase, reflecting stronger January dispatch. 4. Hydro output declined due to weaker water inflows, falling 14.1% in February and 22.1% year to date.

The company cautions that all figures are unaudited and derived from internal records. Investors are advised to exercise prudence when dealing in the shares.

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