According to the Zhitong Finance App, Guiguan Electric Power (600236.SH) issued an announcement. As of September 30, 2026, the power plants directly under the company and holding companies completed a cumulative total of 36.970 billion kilowatt-hours of power generation in the first three quarters of 2026, an increase of 16.08% over the previous year. Among them: hydropower 32,972 billion kilowatt-hours, up 17.10% year on year; thermal power 743 million kilowatt-hours, down 26.58% year on year; wind power 1,717 billion kilowatt-hours, up 16.88% year on year; and photovoltaics, 1,538 billion kilowatt-hours, up 27.11% year on year.

The main reasons for the year-on-year change in the company's power generation capacity in the first three quarters of 2026: First, incoming water from the Hongshui River Basin, where the company's main hydropower plant is located, was 10% higher, and power generation increased year-on-year; second, the company's new energy installed capacity continued to increase, and new energy generation capacity increased year-on-year; third, thermal power generation capacity was squeezed due to the year-on-year increase in the installed capacity of Guangxi and the increase in the proportion of new energy installed, and the average utilization of thermal power generation in Guangxi dropped sharply year-on-year.

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