China Yangtze Power : CYPC holds the analysis meeting on production and operating activities in the first quarter of 2023

CYPC holds the analysis meeting on production and operating activities in the first quarter of 2023

2023-04-21

On April 14, it was learned from the analysis meeting of CYPC on production and operating activities in the first quarter of 2023 that the main economic indicators of CYPC in the first quarter were good, and its work safety maintained a good trend. Its six cascade power stations (Wudongde, Baihetan, Xiluodu, Xiangjiaba, Three Gorges, and Gezhouba power stations) had cumulatively generated nearly 55.6 billion KWH of power, hitting a record high for the same period, so do the total profits and net profits, successfully achieving a "good start" in the first quarter.

It was pointed out at the meeting that since this year, affected by factors such as the continuous drought of water from the Yangtze River and the continuous turbulence of the capital market, the Company's employees have faced difficulties, united as one, and fought bravely to ensure stable operation safety, rapid and steady reform and development, vigorous technological innovation, and strong promotion of key work, achieving an overall stable production and operation situation.

It was emphasized at the meeting that the second quarter is a crucial period that connects the preceding and the following. Therefore, the Company should closely focus on the goal of "completing over half of the tasks in over half of the time", make persistent efforts, overcome difficulties, and concentrate on key work such as power generation safety, preparations for flood prevention and control, project construction, and investment, to make contributions to the high-quality development of the Company.

At the meeting, the key work for the next stage was comprehensively deployed. The first is to take strict precautions to ensure safety. Further implement the responsibility for work safety, strengthen risk prevention, strengthen on-site operation safety management, and make every effort to carry out annual maintenance closure, make preparations for flood prevention and control, and supervise the construction safety of engineering projects, to ensure the smooth and orderly work safety of the Company. The second is to make every effort to generate more power. Deeply explore the benefits of water head and quantity, fully improve the level of prediction and forecasting, and carry out equipment management to ensure stable production and operation growth in the second quarter. The third is to take multiple measures to stabilize investment. Further strengthen the execution and control of investment plans, improve investment quality, promote project construction in accordance with the law, with high quality and efficiency, and fully complete annual investment tasks. The fourth is to make concerted efforts to pursue development. Actively assume the main responsibilities of investment and operation for the CTG group's pumped storage power stations, make solid progress in the orderly development of pumped storage projects, and achieve high-quality expansion of new space. The fifth is to seize the opportunity to innovate. Make greater efforts to promote the building and operation of scientific research platforms, complete scientific research projects in a standardized, efficient, and high-quality manner, and create a new situation in the scientific and technological innovation.