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As of December 31, 2025, the board of directors of Longyuan Power Group Co., Ltd. (the "Company") is pleased to announce the audited consolidated performance of the Company and its subsidiaries (the "Group") for the year ending December 31, 2025. This performance announcement includes the full text of the Company's 2025 annual report and complies with the requirements for preliminary annual performance announcements as set out in the listing rules of the Hong Kong Stock Exchange Limited. This performance announcement is separately published on the "Disclosure Easy" website of the Hong Kong Stock Exchange (http://www.hkexnews.hk) and on the Company's website (http://www.clypg.com.cn). The printed version of the Company's 2025 annual report will be published on the Disclosure Easy website and the Company's website by April 30, 2026, or earlier.
On behalf of the board of directors,
Longyuan Power Group Co., Ltd.
Chairman Gong Yufei
Beijing, China
March 31, 2026
As of the date of this announcement, the Company's executive directors are Mr. Gong Yufei and Mr. Wang Liqiang; non-executive directors are Ms. Wang Xuelian, Mr. Zhang Tong, Mr. Wang Yong, and Mr. Liu Jintao; and independent non-executive directors are Mr. Wei Mingde, Mr. Gao Debu, and Ms. Zhao Feng.
*For identification purposes only
Chairman's Statement
Dear Shareholders,
The year 2025 marks the concluding year of the "14th Five-Year Plan," a year of actively responding to complex situations and overcoming development challenges, as well as a year of significant achievements for Longyuan Power in terms of scale and quality. Guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, we have thoroughly implemented the spirit of the 20th National Congress of the Communist Party of China and the subsequent plenary sessions under the strong leadership of the board of directors. We have deeply implemented the "12355" work approach, fully promoted "sustainable growth and high-quality development," successfully completed all annual objectives, and laid a solid foundation for sustainable growth.
In 2025, Longyuan Power adhered to optimizing incremental growth, achieving dual improvements in scale and quality. Key projects such as the Ningxia Tengger base, Gansu Badanjilin base, and Hainan Dongfang offshore wind power have made significant progress, and the construction of overseas green energy investment and operation platforms has accelerated. The total development indicators for the year reached 8.63 GW, with an additional installed capacity of 4.85 GW, bringing the holding capacity close to 46 GW, fully demonstrating our professional capabilities.
In 2025, Longyuan Power focused on improving existing capacity and achieved new breakthroughs in value creation. By leveraging our self-developed "Qingyuan" large model to promote lean operation and maintenance, we completed a total renewable energy generation of 76.469 billion kWh, an increase of 11.82%. Through a combination of debt optimization and budget reduction, we enhanced efficiency and reduced costs, achieving a total profit of RMB 5.618 billion. The introduction of a three-year dividend plan and mid-term dividends received widespread market recognition, while the A-share private placement was approved by the State-owned Assets Supervision and Administration Commission and accepted by the Shenzhen Stock Exchange, with information disclosure receiving the highest rating, effectively showcasing our corporate governance achievements.
General Manager's Statement
Dear Shareholders,