CGN New Energy reported that consolidated power generation in July 2026 fell 5.5% year on year to 1,635.6 GWh. The contraction was led by double-digit declines in mainland wind and gas-fired production, partly offset by higher output from South Korea.

PRC operations: • Wind: 785.0 GWh, down 11.3% YoY, reflecting materially lower average wind speeds in core regions. • Solar: 328.5 GWh, down 1.2% YoY, broadly stable. • Gas-fired: 36.5 GWh, down 36.3% YoY after a sharp reduction in dispatch volumes at the Hubei plant. • Hydro: 33.1 GWh, down 5.4% YoY.

South Korea: • Output rose 7.3% YoY to 452.5 GWh, supported by the commercial start-up of the Daesan II gas-fired facility on 24 July 2026.

Cumulative performance for the first seven months of 2026 showed total generation of 10,942.9 GWh, 2.7% lower than the same period in 2025. Within this: • PRC wind declined 16.9% to 5,308.6 GWh. • PRC solar expanded 27.2% to 1,891.1 GWh, the only mainland segment to post growth. • PRC gas-fired slipped 25.4% to 58.8 GWh. • PRC hydro increased 7.1% to 127.4 GWh. • Korea projects delivered 3,557.0 GWh, up 12.1% YoY.

Management attributes the July downturn mainly to weaker wind resources and lower utilisation at the Hubei gas-fired plant. Conversely, the commissioning of Daesan II underpinned the Korean segment’s resilience.

The figures are based on unaudited internal data and are provided for investors’ reference. Shareholders and potential investors are advised to exercise caution when dealing in CGN New Energy securities.