Shandong Hi-Speed New Energy Group Limited has released a business update detailing its power generation results for March 2025. The company reported an operating power generation of approximately 669,199 megawatt-hour (MWh) for March 2025, marking a 2.5% increase compared to the same period in 2024. For the quarter ending 31 March 2025, the total operating power generation reached approximately 1,688,400 MWh, reflecting an 8.7% rise compared to the corresponding period of the previous year. The company's performance across various provinces showed mixed results. In Hebei Province, power generation decreased by 13.9% for March but saw a smaller decline of 3.7% for the quarter. Henan Province experienced a significant increase of 36.7% for March and 29.7% for the quarter. Conversely, Guizhou Province recorded a substantial drop in power generation by 29.1% for March and 42.7% for the quarter. Other provinces such as Shandong and Anhui showed more moderate changes, with Shandong seeing a slight decrease of 1.0% for March but an increase of 7.2% for the quarter, and Anhui reporting a 6.9% decrease for March but a 16.4% increase for the quarter. These variations highlight the diverse performance across the regions serviced by the Group.
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