Hubei Energy Group Co., Ltd.

Company Profile

（1） great business layout As an energy security platform in Hubei Province, the company's main power generation business is located within the province. As of the end of 2024, the controllable installed capacity of the company in Hubei Province is 14.91 million kilowatts. The thermal power installed capacity is mainly near Wuhan or in Xiangyang, and the hydropower is distributed in western Hubei, all located in regional electric power Load centers with strong consumption capacity; The main installed capacity of wind and photovoltaic power is located in areas with abundant wind and photovoltaic resources within the province, which is conducive to improving the efficiency of unit utilization and ensuring the revenue of new energy projects. The company has established a provincial coal investment company and operates the Jingzhou Coal Port Base, achieving coal transfer and emergency reserve functions in Central China. This has played a significant supporting role in centralized coal procurement management and is beneficial for the company's thermal power enterprises to effectively control fuel costs. （2） Outstanding advantages in power production technology The Qingjiang Company, which owns the main hydropower stations of the company, operates and manages the Shuibuya, Geheyan, and Gaobazhou three-level power stations on the main stream of the Qingjiang River. By comprehensively promoting the optimization and scheduling of cascade power stations in the Qingjiang River Basin, the Qingjiang three-level power station has carried out joint commissioning with the Three Gorges Power Station and Gezhouba Power Station, greatly improving the utilization rate of water resources and continuously enhancing the safety production and lean management capabilities of reservoirs. In terms of thermal power, the company has put into operation four 1 million kilowatt ultra supercritical power generation units, accounting for 60.33% of the company's installed thermal power capacity. They have strong competitive advantages in terms of power generation efficiency and operating costs, and are at an advanced level in terms of unit operation safety, reliability, and stability. （3） Significant effect of green and low-carbon transformation The company adheres to the concept of green development, firmly implements the "dual carbon" goal, and conforms to the policy trend of building a new type of power system. The company's green and low-carbon transformation has achieved significant results. As of the end of 2024, the company's controllable installed capacity of clean energy (including energy storage) reached 11.6697 million kilowatts, accounting for 63.77% of the company's controllable installed capacity. Since the 14th Five Year Plan, the company's controllable installed capacity of clean energy has increased by 426.49%, and the controllable installed capacity of clean energy has significantly improved. In addition, three pumped storage power station projects including Luotian Pingyuan, as well as a number of new energy projects within the province, are all under construction, and the green and low-carbon transformation effect is significant. （4） Excellent asset quality The company has various types of power generation units such as hydropower, thermal power, wind power, and photovoltaic power generation, and the proportion of hydropower, thermal power, and new energy installed capacity is about 25.6%, 36.4%, and 38%, respectively. The power structure is relatively balanced, effectively smoothing the impact of fluctuations in the performance of a single type of power generation business and achieving the complementary advantages of "water and fire mutual assistance, wind and solar complementary". Simultaneously developing natural gas and coal trade logistics businesses, diversifying the industrial structure to effectively smooth out the impact of individual business fluctuations, is conducive to ensuring stable company performance and reducing operational risks. In addition, the company's financial condition is excellent, with stable and sufficient cash flow, providing good support for the company's sustainable development; Continuously maintaining an AAA credit rating, with a good reputation in the capital market and a wide range of financing channels, the company's overall funding chain is smooth, which can effectively reduce the company's financing costs and provide strong financial support for key project construction. （5） Reform continuously stimulates the vitality of enterprises Solidly promote the reform of state-owned enterprises in the company, integrate regional business, and advance the intensive management, operation, and investment development of regional assets. Improve the company's authorization list, further enhance decision-making efficiency, and stimulate company vitality. Coordinate investment control surplus, scientific and technological innovation and other special rewards, improve the reward distribution and evaluation mechanism, and effectively play the guiding role of incentives; Strengthen incentives and constraints, implement a term system and contractual management for senior management personnel, expand and deepen the new management responsibility system for management personnel, promote the improvement of enterprise operating efficiency and the implementation of strategic planning.