Gd Power Development Co.,Ltd. (600795.SH) has released its annual report for 2025. During the reporting period, the company achieved operating revenue of 170.244 billion yuan, a decrease of 4.99% year-on-year. Net profit attributable to shareholders of the listed company was 7.161 billion yuan, representing a decline of 27.15%. However, net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 6.776 billion yuan, indicating a significant year-on-year increase of 45.23%. Basic earnings per share stood at 0.402 yuan.
As of the end of 2025, the company's installed capacity under its control reached 126,788.6 megawatts. Thermal power accounted for 82,273 megawatts, or 64.89% of the total. Hydropower capacity was 15,130.6 megawatts, representing 11.93%. Wind power capacity stood at 10,495.2 megawatts, accounting for 8.28%, while solar photovoltaic capacity was 18,889.8 megawatts, making up 14.90%. The combined installed capacity of non-fossil fuel energy sources under the company's control, including wind, solar, and hydropower, totaled 44,515.6 megawatts, accounting for 35.11% of the total portfolio.
Compared to the end of 2024, the company's total controlled installed capacity increased by 15,088.6 megawatts. Thermal power capacity expanded by 7,644 megawatts, with notable additions including 2,000 megawatts each from the Changzhou Power Generation and Zhejiang Beilun projects, 1,320 megawatts each from the Fuzhou Thermal Power and Chizhou Company projects, and 1,004 megawatts from the Zhaoqing Gas Turbine project. This expansion further increased the proportion of large-capacity, high-efficiency units. New energy capacity under control grew by 7,264.6 megawatts, comprising an increase of 655.4 megawatts in wind power and a substantial addition of 6,609.2 megawatts in solar photovoltaic capacity.
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