According to the Zhitong Finance App, Huaneng Hydropower (600025.SH) issued an announcement. According to company statistics, as of September 30, 2026, the company completed 96.341 billion kilowatt-hours of power generation in the first three quarters of 2026, an increase of 0.08% over the previous year, and 95.528 billion kilowatt-hours of feed-in electricity, an increase of 0.04% over the previous year.

Analysis of power generation in the first three quarters of 2026: First, incoming water from the Lancang River basin was uneven, with an overall decrease of nearly 10% year on year. Facing the unfavorable situation, the company coordinated the optimization of the power generation operation of the Lancang River cascade power plant, leveraging the “two banks” of Xiaowan and Nuozadu to release cascade energy storage before the flood, increase high-value electricity during the dry season, and steadily recover the “two reservoirs” of water during the flood season, but the power generation of some power plants still declined year on year. Second, some of the units at the Jiaoliangbao Hydropower Station were not yet put into operation during the same period last year, and power generation increased year-on-year after full production. Third, the Ruilijiang Hydropower Station has resumed normal operation, with a significant year-on-year increase in power generation. Fourth, the installed scale of new energy has increased, and power generation has increased year-on-year.

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