Speech of Chairman

As the main body of investment and operation business of SDIC Group, SDIC Power Holdings Co., Ltd. (Hereinafter referred as SDIC Power) has seriously implemented the tenet of working for investors, for society and for employees since the establishment. We grasp the opportunity of economic development while maintaining steady growth, promote the transformation and upgrading, continuously consolidate the main business of electric power, and vigorously promote international projects. Our company’s business scope covers five major areas of hydropower, thermal power, new energy, solid waste power generation and overseas investment, forming a business structure with power investment as the core and gradually developing comprehensive development in various fields such as municipal and environmental protection etc.

By the end of 2018, our company’s total assets amounted to 220.8 billion yuan, and its holding capacity was 34.05 million kilowatts. Since its listing in 2002, the company’s operating profit has increased by 970 times, and it has accumulated 14 cash dividends and been formally included in the first MSCI China index list. We have achieved remarkable leapfrog development, and become a comprehensive power listed company with hydropower as the mainstay, backed up with thermal power, supplemented with wind and solar power. At present, our company’s installed scale of hydropower is in the leading position and ranks third among domestic listed companies, and creates a trustworthy listed company brand.

Now we are starting a new journey with challenges in the new era. Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, SDIC Power will fully implement the spirit of the 19th national congress of the communist party of China and the tenet of working for investors, for society and for employees to adapt to the new normal of China’s economy, and the international dynamics. We will keep a close eye on energy reforms and market changes, innovate the development modes, promote the reform and development of the company orderly, and strive to become a world-class integrated energy service provider.

Chairman of SDIC Power      Zhu Jiwei

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