BJ ENERGY INTL (00686) announced its annual results for the period ended December 31, 2025. The group recorded revenue of RMB 77.37 billion, representing an increase of 10.36% compared to the previous year. The loss attributable to owners of the company was RMB 159 million, with a loss per share of RMB 7.23 fen. The board proposed a final dividend of 8 Hong Kong cents per share.

The group accelerated the scale expansion of its clean energy operations, actively growing its management scale in solar, wind, and hydropower generation, as well as energy storage businesses, while continuously enhancing the management level of its clean energy power generation activities.

As of December 31, 2025, the group owned 189 solar power stations (2024: 166), 38 wind power stations (2024: 38), 26 hydropower stations (2024: 26), and 3 energy storage power stations (2024: 3), with a total grid-connected installed capacity of approximately 14,185 MW (2024: approximately 12,639 MW).

Except for one solar power station in Australia, two wind power stations in Australia, and one wind power station in Vietnam, all of the group’s other power stations were located in China. During the year, the group’s power stations in China were distributed across 29 different provinces (2024: 28).

Additionally, as of December 31, 2025, the group held interests in 4 solar power stations (2024: 3), 5 wind power stations (2024: 3), and 2 hydropower stations (2024: 2) through joint ventures, with a total grid-connected installed capacity of approximately 1,101 MW (2024: approximately 862 MW).

The group strategically develops clean energy power stations to achieve predetermined minimum returns, taking into comprehensive consideration factors such as solar irradiation, local wind speeds, water resources, applicable feed-in tariffs, local grid connection conditions, transmission infrastructure, and electricity demand when selecting sites.

The group will continue to adhere to its core positioning of serving the capital, fully advancing the construction of base projects such as "Jilin Power to Beijing" and "Inner Mongolia Power to Beijing," striving to have related projects included in the national "16th Five-Year Plan," continuously increasing the proportion of green electricity supply to the capital, and contributing to Beijing’s green and low-carbon transition.

Simultaneously, the group will persist in innovation-led development, empowering the entire business chain with AI technology, and promoting progress in areas such as energy storage, green hydrogen production, and smart operations and maintenance, aiming to build a green and smart energy ecosystem.