The year 2024 marked the 75th anniversary of the founding of New China and the 10th anniversary of the proposal of the new energy security strategy. We adhered to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implemented the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the 20th Central Committee, and under the strong leadership of the Board of Directors of the Company, we accelerated the construction of a “new Longyuan” characterized by “inherent safety, doubled scale, digital transformation, innovation-driven leadership, and proactive growth”. We achieved the best historical level of key indicators and successfully completed all annual goals and tasks, laying a solid foundation for achieving the goals of the 14th Five-Year Plan.

In 2024, Longyuan Power remained committed to serving national strategies and achieved new milestones in high-quality development. Focusing on the implementation of major national base projects and key strategic initiatives, we prioritized the large-scale development of onshore wind power photovoltaic bases and offshore wind power, and guided by multi-dimensional synergistic innovation and excellence, we advanced the large scale development and construction of new energy through multiple methods and types. Throughout the year, we secured development indicators totaling 14.72 GW and added 7.48 GW of consolidated installed capacity. As of the end of 2024, the Group’s consolidated installed capacity reached 41.14 GW, including 30.41 GW of wind power, maintaining its leading position in the industry.

In 2024, Longyuan Power adhered to deepening reforms and innovation, opening up new prospects in high-level operational management. We implemented a new operation and maintenance model characterized by “regional maintenance, centralised monitoring, digital empowerment, professionality and high-efficiency”, with wind turbines operating continuously over long cycles accounting for 60% of the total, representing an increase of 14 percentage points year on year. We continued to strengthen market value management, implemented the injection of some of the new energy assets of CHN Energy and introduced state-owned active shareholders, thereby continuously improving the quality of listed companies. We actively explored new business models, and the world’s first floating platform integrating wind and fishery – “Guoneng Gong Xiang Hao (國能共享號)” was successfully put into operation, while the Ningxia Tengger base of photovoltaic sand treatment made an impressive appearance at the United Nations Conference to Combat Desertification. These achievements have continuously elevated our brand image.

2025 is a pivotal year for fully implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee, the concluding year of the 14th Five-Year Plan, and the decisive year for comprehensively building a new Longyuan. Longyuan Power will resolutely shoulder its responsibility as the main force of new energy within CHN Energy, anchor its goal of becoming a world-leading new energy technology enterprise, take high-quality development as the core, technological innovation as the guide and safety and compliance as the foundation to expand its scale, optimize efficiency, strengthen innovation and ensure safety, ensure the completion of the goals set forth in the 14th Five Year Plan, and fully realize the vision of a new Longyuan characterized by “inherent safety, doubled scale, digital transformation, innovation-driven leadership, and proactive growth”, so as to make greater contributions to advancing the high-quality development of new energy in China!