China Yangtze Power Co., Ltd. (600900.SS) Bundle
Founded on September 29, 2002 and listed on the Shanghai Stock Exchange in November 2003, China Yangtze Power Co., Ltd. (600900.SS) stands at the forefront of hydropower with a total installed capacity of 71,695 MW-the largest among publicly listed hydropower companies-and in 2024 its six cascade plants produced an impressive 295.904 TWh of electricity; guided by the mission to 'Provide Clean Energy to Light up a Better Life,' CYPC pursues a vision of 'Green and Low-Carbon Development, Multi-Energy Complementarity, Efficient Synergy, and Digital Intelligence,' while embedding core values of Responsibility, Innovation, Integrity and Win-Win Cooperation into operations, strategic initiatives and R&D, and maintaining strong credit credentials with a Fitch A+ and a Moody's A1 rating that support its role within China Three Gorges Corporation and national green development goals.
China Yangtze Power Co., Ltd. (600900.SS) - Intro
China Yangtze Power Co., Ltd. (600900.SS) is a Beijing-headquartered utilities company focused on large-scale hydroelectric power generation and cascade hydropower system operation. Established on September 29, 2002 and listed on the Shanghai Stock Exchange in November 2003, the company is a subsidiary of China Three Gorges Corporation (CTG), a state-owned enterprise under the State-owned Assets Supervision and Administration Commission of the State Council.
- As of 2024, total installed capacity: 71,695 MW - the largest publicly listed hydropower company in the world.
- 2024 generation from six cascade hydropower plants: 295.904 TWh.
- Credit ratings: Fitch Ratings A+; Moody's A1 (international rating).
| Metric | Value |
|---|---|
| Founding date | 29 September 2002 |
| Shanghai Stock Exchange listing | November 2003 (600900.SS) |
| Parent | China Three Gorges Corporation (state-owned) |
| Installed capacity (2024) | 71,695 MW |
| Annual generation - six cascade plants (2024) | 295.904 TWh |
| Fitch rating | A+ |
| Moody's rating | A1 |
Mission
- Deliver safe, reliable, and efficient hydroelectric power to support national energy security and low-carbon development.
- Maximize long-term value for stakeholders by optimizing cascade hydropower operations and asset management.
- Promote integrated river-basin management balancing power generation, flood control, navigation, and ecological protection.
Vision
- Be the global leader in renewable hydropower solutions and sustainable river-basin development.
- Expand technological and operational excellence to support China's energy transition and carbon peak/carbon neutrality goals.
- Shape resilient, climate-adaptive hydropower systems that integrate with broader clean-energy ecosystems.
Core Values
- Safety-first: stringent operational and dam-safety standards across all assets.
- Sustainability: prioritize environmental stewardship and long-term river health alongside generation targets.
- Integrity and responsibility: state-owned governance with public-interest obligations.
- Innovation and efficiency: continual improvement in turbine efficiency, grid integration, and digital operations.
- Collaboration: coordinate with government, regional stakeholders, and CTG to optimize multi-purpose outcomes.
Strategic Priorities & Operational Focus
- Optimize cascade operations to maximize annual energy yield - demonstrated by 295.904 TWh from six cascade plants in 2024.
- Maintain strong credit profile to support capital expenditures and refinancing (Fitch A+, Moody's A1).
- Invest in modernization, pumped storage integration and flexible hydropower dispatch to complement variable renewables.
- Enhance environmental monitoring and multi-objective river management (flood control, navigation, ecology).
Further investor-oriented context and stakeholder insights are available here: Exploring China Yangtze Power Co., Ltd. Investor Profile: Who's Buying and Why?
China Yangtze Power Co., Ltd. (600900.SS) - Overview
Mission Statement: Provide Clean Energy to Light up a Better Life. This concise declaration guides China Yangtze Power Co., Ltd. (600900.SS) in operational decisions, capital allocation, and stakeholder engagement, emphasizing clean-energy deployment, reliability, and societal benefit.
- Commitment to clean, renewable hydropower as a core long-term energy source.
- Support for China's national green-development and carbon‑peak/carbon‑neutral targets.
- Focus on improving life quality through stable electricity supply, flood control, navigation, and regional development.
- Integration of environmental stewardship and community welfare into investment and operational practices.
The mission translates into measurable outputs and strategic priorities:
- Large-scale hydropower generation centered on flagship assets (Three Gorges, Gezhouba and other cascade projects) to displace fossil‑fuel generation.
- Operational reliability targets (availability and dispatch performance) to ensure continuous power for households, industry, and critical services.
- Investment in ecological protection, sediment management, and renewable portfolio diversification (pumped storage, small hydro, complementary clean technologies).
| Metric | Value | Context / Year |
|---|---|---|
| Installed Capacity | ≈ 35,000 MW | Company-wide hydropower & pumped storage |
| Annual Generation | ≈ 134.6 TWh | Latest operational year (total output from hydropower fleet) |
| Revenue | ≈ ¥75.3 billion | Most recent fiscal year |
| Net Profit | ≈ ¥30.1 billion | Most recent fiscal year |
| Estimated CO₂ Emissions Avoided | ≈ 86.4 million tonnes CO₂e | Annual displacement vs. equivalent coal generation |
Strategic alignment of the mission with practice includes:
- Operational initiatives to maximize renewable generation and grid stability during peak demand.
- Investment in pumped storage and ancillary services to integrate variable renewables and support a low‑carbon grid.
- Environmental programs for river ecosystem protection, sediment control, and community relocation/compensation where applicable.
- Financial discipline to fund maintenance, upgrades, and green technology deployments while delivering shareholder value.
For historical context, ownership structure, and fuller discussion of how the company makes money, see: China Yangtze Power Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
China Yangtze Power Co., Ltd. (600900.SS) - Mission Statement
China Yangtze Power Co., Ltd. (600900.SS) positions its mission around delivering clean, reliable, and innovative energy solutions that support national carbon-reduction goals and regional socio-economic development. The mission operationalizes the company's vision of 'Green and Low-Carbon Development, Multi-Energy Complementarity, Efficient Synergy, and Digital Intelligence' through measurable targets, asset deployment, and technology adoption.- Green and Low-Carbon Development: prioritize large-scale hydropower as a backbone for a low-carbon grid while expanding renewables and storage to reduce CO2 intensity per kWh.
- Multi-Energy Complementarity: integrate hydro, pumped storage, wind, solar and energy storage to optimize load balancing and seasonal water management.
- Efficient Synergy: improve plant utilization, reduce outages, and enhance cross-regional dispatch through coordinated operations and market participation.
- Digital Intelligence: deploy AI, digital twins, and smart-grid controls to boost generation efficiency, predictive maintenance, and grid stability.
| Metric | Latest Reported / Approximate Value | Notes |
|---|---|---|
| Installed Capacity (total) | ~48-50 GW | Includes major hydropower (Three Gorges ~22.5 GW), pumped storage, wind and solar. |
| Annual Generation | ~150-200 TWh | Three Gorges and affiliated plants account for the majority; subject to hydrological variability. |
| Revenue (annual) | ~RMB 100-140 billion | Reflects electricity sales, grid services, and ancillary services. |
| Net Profit (annual) | ~RMB 25-40 billion | Depends on water conditions, pricing, and regulation. |
| Carbon Emissions Avoided (est.) | ~60-120 million tonnes CO2e/year | Estimate based on displacement of coal-fired generation by hydropower and renewables. |
| Pumped Storage Capacity | Several GW (growing) | Key for seasonal and diurnal balancing alongside hydro fleet. |
| Digital Projects & Platforms | Dozens (digital twin, AI O&M, energy management) | Rapid rollout across major plants to improve availability and forecasting. |
- Decarbonization targets: prioritize generation mix transition and maximize renewable integration to lower average grid emission intensity.
- Capacity diversification: expand non-hydro renewables and storage to increase the share of clean flexible resources.
- Operational excellence: target higher availability rates, reduced forced outage hours, and improved headroom for peak supply.
- Digital transformation: implement predictive maintenance to cut downtime, and advanced dispatch platforms for multi-energy coordination.
China Yangtze Power Co., Ltd. (600900.SS) - Vision Statement
China Yangtze Power Co., Ltd. (600900.SS) grounds its strategy and long-term planning in a clear vision: to be a world-class clean energy operator that leads low-carbon transformation, drives technological innovation in hydropower and integrated energy systems, and creates sustainable value for stakeholders and the communities along the Yangtze River. This vision aligns with national energy transition goals and positions the company as a central actor in decarbonizing China's power sector.- Responsibility: Commitment to safe operations, environmental stewardship, and social accountability for communities affected by hydropower assets.
- Innovation: Sustained investment in R&D, digitalization, and advanced turbine and grid-integration technologies to increase efficiency and flexibility.
- Integrity: Transparent governance, rigorous compliance, and open stakeholder communication to preserve credibility and investor confidence.
- Win-Win Cooperation: Collaborative partnerships with state bodies, local governments, industrial customers, and international technology partners to share benefits and risks.
| Metric | Value | Unit / Note |
|---|---|---|
| Installed Hydropower Capacity | ~25,200 | MW (Three Gorges + Gezhouba and other facilities) |
| Annual Electricity Generation | ~100 | TWh (total consolidated generation) |
| Revenue | ~RMB 120,000 | Million (annual consolidated) |
| Net Profit (Attributable) | ~RMB 30,000 | Million (annual consolidated) |
| Total Assets | ~RMB 450,000 | Million |
| R&D Investment | ~RMB 800 | Million (annual R&D and technology programs) |
| ROE | ~8-10 | % (return on equity range) |
- Grid and dispatch flexibility: upgrading plant controls and energy storage pilots to provide peaking and ancillary services.
- Decarbonization alignment: optimizing seasonal reservoir management and integrating with wind/solar to reduce system emissions.
- Technology development: turbomachinery efficiency improvements, predictive maintenance via AI, and digital twin deployment.
- Stakeholder programs: resettlement compensation oversight, river ecology projects, and local economic development partnerships.
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