粤电力Ｂ：2025年年度报告（英文版）

2025 Annual Report March 2026 I. Important Notice, Table of Contents and Definitions The Board of Directors ,Directors and Senior Executives of the Company hereby guarantees that there areno misstatement, misleading representation or important omissions in this Annual report and shall assume jointand several liability for the authenticity, accuracy and completeness of the contents hereof. Mr.Zheng Yunpeng, The Company leader, Mr. Liu Wei, Chief financial officer and the Mr.Meng Fei, theperson in charge of the accounting department (the person in charge of the accounting )hereby confirm theauthenticity and completeness of the financial report enclosed in this Annual report. The main business of the company is the investment, construction and operation management of powerprojects and new energy projects. For the risks and countermeasures that the company may face in its futuredevelopment, please refer to "11. Company" in "Section III Management Discussion and Analysis" Prospectsfor Future Development" section. The preplan profit distribution of the Company deliberated and approved by the Board is: Total share of5,250,283,986 for Base on theCompany‘stotal share capital ,the Company would distribute cash dividend toall the shareholders at the rate of CNY 0.2 for every 10 shares (with tax inclusive), with 0 bonus shares（includingtax）,and not converting capital reserve into share capital. Table of Contents I.Important Notice, Table of contents and DefinitionsII. Company Profile & Financial Highlights.III. Management Discussion & AnalysisIV. Corporate Governance, Environmental and Social ResponsibilityV. Important EventsVI. Change of share capital and shareholding of Principal ShareholdersVII. Corporate BondVIII. Financial Report Documents available for inspection 1.Financial statements bearing the seal and signature of legal representative, financial controller and theperson in charge of the accounting organ; 2. Original audit report seal with accounting firms and signature and seal from CPA; 3.All original copies of official documents and notices, which were disclosed in Securities Times, ChinaSecurities, Securities Daily and Hong Kong Commercial Daily (Both English and Chinese version); 4.Chinese version of the Annual report. The documents mentioned above are kept in office, and are ready for reference at any time (except publicholidays, Saturday and Sunday). Definition II. Company Profile & Financial Highlights. 1.Company Profile 2. Contact person and contact manner 3. Information disclosure and placed 4.Changes in Registration 5. Other Relevant Information The sponsor performing persist ant supervision duties engaged by the Company in the reporting period.□Applicable √Not Applicable □Applicable √Not Applicable 6.Summary of Accounting data and Financial index Whether it has retroactive adjustment or re-statement on previous accounting data□Yes√ No The lower of the company’s net profit before and after the deduction of non-recurring gains and losses inthe last three fiscal years isnegative, and the auditor's report of the previous year shows that the Company’sgoing concern ability is uncertain. □ Yes √No The lower of the Company's total profit, net profit, and net profit after deducting non-recurring gains and losses,as audited for the reporting period, was negative □ Yes √No Companies with equity incentives and employee stock ownership plans can disclose net profit after deductingthe impact of share-based payments. 7.The differences between domestic and international accounting standards 1）Simultaneously pursuant to both Chinese accounting standards and international accountingstandards disclosed in the financial reports of differences in net income and net assets. □ Applicable□√Not applicableNone 2）Differences ofnet profit and net assets disclosed in financial reports prepared under overseas andChinese accounting standards. □ Applicable √Not applicableNone 8.Main Financial Index by Quarters In RMB Whether significant variances exist between the above financial index or the index with its sum and thefinancial index of the quarterly report as well as semi-annual report index disclosed by the Company. □YesNo 9.Items and amount of non-current gains and losses √Applicable □Not applicable In RMB □Applicable√Not applicable None For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformation disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Lossesand its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on informationDisclosure for Companies offering their securities to the public-non-recurring Gains and losses which have beendefined as recurring gains and losses, it is necessary to explain the reason. III. Management Discussion & Analysis I.Main Business the Company is Engaged in During the Report Period The Company shall comply with the disclosure requ