Zhejiang Zheneng Electric Power reports strong 2024 results, outlines 2025 plans

Zhejiang Zheneng Electric Power Co., Ltd. held its 2025 half-year earnings briefing on September 5, 2025, addressing investor concerns and outlining its operational performance. The company reaffirmed its commitment to its core business, focusing on enhancing energy supply capacity and advancing the construction of its Jiaxing No. 10 unit and Taizhou Phase II projects.

During the briefing, Zhejiang Zheneng Electric Power reported robust financial results for 2024, with operating revenue reaching 880.03 bn yuan. Net profit attributable to the parent company was 77.53 bn yuan, surpassing the initial annual budget by 32.03 bn yuan.

Regarding its electricity generation, the company noted that for the first half of 2025, its provincial coal-fired power plants predominantly covered long-term contracts, with the proportion of annual and monthly power volumes being approximately 8:2. The company also indicated that its provincial coal-fired power prices, including tax, were slightly below the benchmark price during this period.