Message from the Chairman of the Board

2019 is an extraordinary year in the reform and development of Datang Power. Under the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we thoroughly carried out the new energy safety strategy of “Four Revolutions and One Cooperation”, adhered to the overall goal of “building a world-class energy company”, implemented the overall requirements of “acting with first class standard, being the worldclass energy group”, and be an implementor of national strategies, a leader of industry development, a provider of clean energy, a creator of corporate value, and a protector of public interests.

In 2019, we focused on learning and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and launched education activities under the theme of “remaining true to our original aspiration and keeping our mission firmly in mind”. We always prioritized political building and firmly implemented the policies and decisions of the CPC Central Committee and the State Council. We organized various celebration activities for the 70th anniversary of the founding of the People’s Republic of China to singing our ode to our motherland. As a central stateowned enterprise(SOE), Datang Power undertook social responsibility and missions earnestly, responded to the national strategies with its development and opened up a new path for high-quality corporate development in the new era, striving to create a “quality-oriented, efficiency-oriented, innovationdriven, eco-friendly, and employee-oriented” company.

In 2019, we unswervingly promoted high-quality development by fully implementing the new development concepts, continuously enhancing the guiding role of strategies, and strengthening the implementation of responsibilities while focusing on wind and solar power, natural gas and service sectors, vigorously promoting the high quality development of new energy.We also deepened strategic cooperation and enhanced partnerships in terms of investment, development, equipment procurement, technological service and so on. In active response to the Belt and Road Initiative, we sped up our pace of exploring the overseas market. We implemented the central government’s policies and measures on steady economic growth, effectively coped with the higher demand on electricity during the economic downturn, promoted the disposed of zombie companies and conducted proper governance of enterprises under deficit. While enhancing the benchmarking process with advanced companies, we also put more efforts to broaden the sources of income while reducing expenses, thus guaranteeing a good prospect for our economic performance.

In 2019, we fulfilled our social responsibility as a central SOE with more determination. We comprehensively enhanced the risk control in major sectors, including debt, finance, investment and overseas businesses,and kept most risks under control. Great efforts were made to promote poverty alleviation and assist fixed-point poverty alleviation villages to get out of poverty. Besides, we earnestly promoted pollution control and energy consumption reduction, yielding better management effect. Focusing on safety and stability, we helped guarantee sufficient power supply for major events of strategic and political significance, including the celebration of the 70th anniversary of the founding of PRC as well as the Belt and Road Forum. We paid much attention to our stakeholders’ expectations and appeals and created a favorable development environment for them.

2020 is a critical year for building a moderately prosperous society in all aspects and the last year of the 13th Five-year Plan period, and it is also a key year four Datang Power to seek high-quality corporate development.Currently, the situation of domestic coronavirus disease (COVID-19) prevention and control is positive and the economic and social development is speeding up recovery, but the overseas epidemic is spreading rapidly and the situation is grim. This increases the possibility of economic downturns and creates more challenges for the energy sectors. We will stay politically and strategically determined, keep forging ahead with our major responsibilities, and comprehensively promote the high-quality development of Datang power.

We will always keep the overall national situation in mind and serve all sectors of our economy. Under the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will unswervingly contribute to the rejuvenation of China, promote the development of SOEs, and support state capital in becoming stronger, better, and bigger. We will conscientiously fulfill our historical mission to enhance the competitiveness, innovation ability, controlling power, influence and counter-risk ability of SOEs, and be an implementor of national strategies, a leader of industry development, a provider of clean energy, a creator of corporate value, and a protector of public interests.

Adhering to the new development concepts, we will insist on the prevention and control of epidemic situation and the development of enterprises, making overall plans to promote high-quality development of enterprises. We will always regard innovation as the primary driving force for development, set coordinated development as the intrinsic requirement for healthy development, and make green development the necessary condition for sustainable development. Also, the open development is the top priority for integrated internal and external development, and shared development is a specific practice of people-oriented development. We will fully integrate national strategies into corporate development and focus on wind and solar power, natural gas and service sectors based on resources and the listed brands of China Datang Corporation. The domestic and international markets are both vital to Datang Power. We will optimize the industry structure and fill our gaps in development, striving to realize highquality development of Datang Power.

We will always implement our social responsibility as a central SOE. Enterprises that actively undertake due social responsibility are the

most competitive and sustainable. Datang Power will fully implement our economic, political, and social responsibility as a central SOE and actively respond to the expectations of our stakeholders. We will integrate social responsibility concepts into our operations. We will thoroughly carry out the major decisions and arrangements of the CPC Central Committee on winning the battle against poverty, complete the task of the fixed-point poverty alleviation of central and local governments in China. innovate in our social responsibility practices, enhance information disclosure, and respond to external concern in a timely manner. With these efforts, we strive to hit a balance between corporate development with environmental protection and win the trust and support from all sectors of the society.

The new era opens up new journey, brings us new responsibilities and requires new actions. We will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and welcome new opportunities and new challenges during the reform and development with all sectors of the society. We will compose a new chapter for the high-quality development of Datang Power in the new era and contribute to a moderately prosperous society in all respects.

Commitment from the General Manager

2019 was a critical year for the 25 years of development of Datang Power, and it was a year of reform, development, cooperation, challenges, and opportunities. In 2019, Datang Power continued to deepen the reform and corporate development. The business efficiency of the Company was improved to a new high, and a new chapter was created for the high-quality development of Datang Power.

In 2019, we regarded the political progress of the Party as our top priority. We learnt Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the guiding principles of the 19th CPC National Congress, called on all employees to “become more aware of the need to uphold political integrity, keep in mind the bigger picture, follow the CPC as the core of the Chinese leadership, act consistently with CPC Central Committee policy”, maintained our confidence in our path, guiding theories, political system and culture, and remained firmly safeguarding President Xi’s status as the core of the CPC Central Committee and the whole Party, as well as the authority and centralized, unified leadership of the CPC Central Committee. We launched the education program with the theme of “remaining true to our original aspiration and keeping our mission firmly in mind”, adhered to Party leadership and Party building, and achieved new results in comprehensively strengthening Party discipline.

In 2019, we unswervingly promoted high-quality development. Focusing on the general objective of being a world’s leading energy company, we have strictly followed the overall requirement of “act with first class standard, be the world-class energy group ” while seeking high-quality development. We thoroughly implemented the new development concepts and strengthened the guidance of strategies. Focusing on wind and solar power, natural gas and service sectors, we promoted the development of new energy, and commenced the construction of 1,077.8 MW of new energy projects, among which 620.5 MW was put into operation throughout the year. We sped up the clean and efficient thermal power projects, and put the Leizhou Generating Unit 1, Wei County Generating Unit 2 and Beijiao Generating Unit 1 into operation smoothly. In response to the Belt and Road Initiative, we officially set up the overseas business department to accelerate the Company’s exploration of the overseas market, starting a new journey of our overseas business.

In 2019, we spared no pains to boost our performance. We made great achievements in emergent power generation, and significantly boosted our capabilities of thermal power, hydropower, wind power, and solar power generation year on year. We generated a total of 265.29 TWh of electricity and signed contracts for the generation of 128.691 TWh of electricity. We further enhanced our capabilities to guarantee sufficient fuel supplies and control fuel prices, conducted more scientific cost management, and thus further lowered various costs. We efficiently promoted the disposal of zombie companies and the handing of debt risks, and completed basic corporate governance tasks on time, comprehensively improving the asset quality of the Company. We took solid and firm steps in the past. Looking ahead, we will have more confidence and composure. In 2020, we will usher in a new historical point for building a moderately prosperous society in all respects and ending the 13th Five-year Plan period. We will embark on a key journey for high-quality corporate development.

In 2020, we will integrate corporate development into overall national development better. Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will continue to take “remaining true to our original aspiration and keeping our mission firmly in mind” as a constant and permanent subject, raise our political stance, strengthen our political character, coordinate overall efforts to control the epidemic and promote high-quality development of enterprises, and earnestly undertake our responsibility to provide clean, low-carbon, safe and efficient energy to the country and people and serve the country, the people, and socio-economic development better.

In 2020, we will implement the new development concepts with greater determination. Focusing on the goal of high-quality development, we will speed up the development of new energy, accelerate the pace of “Going Global”, upgrade the quality of stock assets, and comprehensively fight against the epidemic, improve our security, efficiency, development results, reform, governance, leadership, and party building to ensure the successful completion of the 13th Five-year Plan and to push high-quality corporate

development to a new height.

In 2020, we will focus more on value creation and appreciation. Relying on the platform provided by the capital market, we will actively coordinate performance improvement and capital operation, allocate our resources, assets, capital, and funds better, and further release the energy of the listed company, so as to create more values for our shareholders and stakeholders. We will strengthen interaction with stakeholders, win more recognition and support from all sectors of life, and make every effort to create a first-class listed company favored by investors.

The determined traveler will finally reach the destination no matter how far it is, and the persistent doer will finally finish the task no matter how hard it is. In 2020, we will strengthen our determination and confidence to build Datang Power into a first-class company, and forge ahead with constant efforts to compose a new chapter for the high-quality development in the new era. 

Liang Yongpan, General Manager

Datang International Power Generation Co., Ltd.