On April 10, Chuanneng Power announced the appointment of Yang Ping as deputy general manager of the company for a term of office from the date of approval by the board of directors to the date of expiration of the ninth board of directors. According to
the data, Yang Ping, born in June 1970, is a graduate student, senior engineer, registered consulting engineer, registered supervisory engineer and registered enterprise legal adviser. He has successively served as the hydropower project management engineer of the Energy Development Management Department of Sichuan Investment Group Co., Ltd., the deputy manager of the Energy Development Management Department of Sichuan Investment Group Co., Ltd., the member of the Party Committee, the deputy general manager and the general counsel of Sichuan Chuantou Energy Co., Ltd. He is currently a member of the Party Committee of Sichuan New Energy Power Co., Ltd. and a director of Panzhihua Huarun Hydropower Development Co., Ltd.
On the same day, Chuanneng Power released its annual performance report for 2025. Last year, the company achieved revenue of 3.5996 billion yuan, an increase of 17.83% year-on-year; net profit of 502.5 million yuan, a decrease of 30.87% year-on-year; net profit of 485.4 million yuan, a decrease of 30.28% year-on-year.
As for the change of performance, Chuanneng Power said that the main reason was that the revenue and profit of wind power and photovoltaic power generation business with high shareholding ratio declined, while the revenue and profit of lithium power business increased year on year, but the shareholding ratio was low.
In 2025, the revenue of wind power and photovoltaic power generation of Sichuan Energy Power was 1.2117 billion yuan, down 26.01% year-on-year, and the gross profit rate was 57.88%, down 13.15% year-on-year.
As for the year-on-year decrease in revenue and profit of wind power and photovoltaic power generation business, Sichuan Energy Power explained that it was mainly due to the following reasons: first, due to factors such as power grid transformation, limited transmission, and some wind power projects cooperating with the power outage maintenance of the State Grid, which led to the decrease in the settlement of electricity this year; second, due to the year-on-year decrease in the settlement price of electricity market reform.
Annual report data show that Sichuan Energy Power has built a total of 1.3898 million kilowatts of grid-connected installed capacity, including 1.366 million kilowatts of wind power, 23.8 million kilowatts of photovoltaic power and 156000 kilowatts of garbage power generation; The installed capacity of wind power under construction is 877,850 kilowatts, the installed capacity of photovoltaic power is 800,000 kilowatts, the installed capacity of photovoltaic power to be built is 300,000 kilowatts, and the installed capacity of wind and solar power is about 2 million kilowatts.
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