Deeply cultivating the new energy track, China Resources New Energy constructs an industry-leading development paradigm with multi-dimensional capabilities.

China's energy transformation is entering a key stage of in-depth development. Data from the National Energy Administration shows that by the end of 2025, China's cumulative installed capacity of wind power and CECEP Solar Energy has historically exceeded 1.84 billion kilowatts, surpassing the installed capacity of thermal power for the first time. Behind this iconic breakthrough is the concentrated embodiment of leading new energy operators' continuous cultivation and value creation. As one of the largest new energy power generation operators in China, CR Power has a holding and grid-connected installed capacity of 41,589,900 kilowatts (including 27,630,700 kilowatts of wind power and 13,959,200 kilowatts of photovoltaics), with business coverage in 31 provinces (autonomous regions, municipalities, and special administrative regions), and has embarked on a unique path of high-quality development in the wave of energy revolution. With strategic determination, seize the golden opportunity for industry development Since 2026, the favorable policies for the new energy industry continue to be released. The Opinions of the General Office and the State Council on Doing a Better Job in Energy Conservation and Carbon Reduction at a Higher Level and Higher Quality clearly propose vigorously developing non-fossil energy; multiple departments jointly promote new business formats such as green electricity direct connection and AI integration with energy; the National Energy Administration has established the goal of absorbing over 200 million kilowatts of new energy per year during the "14th Five-Year Plan" period. Policy dividends and market demand resonate, bringing unprecedented development opportunities for leading enterprises. CR Power's development logic has always been in sync with national strategies. The company focuses on key power consumption areas such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area, while deeply expanding in the "Three North" regions rich in wind and solar resources. This dual-dimensional layout of "consumption + resources" reflects a profound insight into the industry's development laws. More importantly, relying on the diversified business advantages of China Resources, the company has turned industrial synergy into a real development driving force, not just simple resource stacking, but a systematic construction of multi-dimensional competitive capabilities. Integrate resources to create a sustainable growth engine The competition in the new energy industry fundamentally lies in the competition for high-quality resource acquisition and efficient development capabilities. CR Power has creatively established a resource development model of "internal and external integration": internally, it deepens cooperation with shareholder platforms, strengthens business collaboration within the group; externally, it collaborates with upstream equipment manufacturers and professional institutions to build an industrial ecosystem. This open resource integration approach has allowed the company to maintain its competitive advantage in fierce project competition. The direct manifestation of this capability is the company's consistently leading installed capacity and ample high-quality project reserves. While many companies are still struggling to secure project resources, CR Power has established a stable channel for acquiring projects, providing clear and reliable support for future performance growth. More importantly, this resource development advantage is not obtained in the short term or by chance but is an institutionalized, sustainable capability that can support the company's long-term scale development. Whole life cycle management, building cost and efficiency advantages from the source The profitability of new energy projects largely depends on the level of refinement in construction and operation. CR Power's concept of "construction is operation" accurately captures the core logic of industry profitability. Many companies often separate construction from operation, leading to earlier issues becoming a burden on later operation; CR Power incorporates operational efficiency and cost control into overall considerations from the project planning stage, with core management teams and regional execution teams spanning the entire project life cycle, generating strong synergies. This core management team, which has been deeply rooted in the industry for many years, has precise judgment on industry trends; the strong regional-level management team ensures efficient implementation of strategies at the front line. From material procurement and construction processes to personnel deployment, each link implements refined cost control. This level of precision in management ultimately translates into leading industry utilization hours and profitability. In the context of new energy grid parity, this intrinsic cost and efficiency advantage is particularly valuable. Empowered by technological innovation, intelligent operation and maintenance reshapes industry productivity Technological innovation is profoundly reshaping the production methods of the new energy industry. CR Power has established a technology system covering the entire process of development, construction, and operation: in the development phase, advanced technology is used to enhance resource assessment accuracy; in the construction and operation phases, a continuous iteration of intelligent operation and maintenance management systems is implemented, promoting the evolution of power stations towards "fewer people on duty, no one on duty". By the end of 2025, the company had 566 domestic patents, won 18 government-level awards, and 19 national association technology awards - these numbers reflect tangible productivity leaps. In particular, continuous breakthroughs in key technologies for offshore new energy and wind turbine control systems have allowed CR Power to maintain a leading position in industry technological iteration. As the industry transitions from "scale expansion" to "quality improvement," technological innovation will become the core moat for companies, and CR Power has already established a leading position in this field. Driven by both capital and responsibility, a philosophy of stable and long-term development New energy is a capital-intensive industry, and a robust financial situation is the basis for sustained expansion. CR Power's strong financial strength, low financing costs, and sufficient credit lines provide solid guarantees for project implementation. Its stable and healthy financial structure allows the company to maintain strategic determination amid industry cycle fluctuations. What is even more rare is that the company deeply integrates the ESG concept into its development genes. On the one hand, it actively promotes low-carbon transformation to help achieve the "dual carbon" goals with clean energy; on the other hand, it actively serves rural revitalization, allowing the benefits of new energy development to reach a wider range of people through industry assistance and infrastructure donations. This organic unity of economic and social benefits makes CR Power's development warmer and more sustainable. Looking at CR Power's competitive advantages, it is not a single outstanding point but an organic whole formed by multidimensional capabilities such as strategy, resources, management, technology, capital, and responsibility. This is a systematic competitive advantage and the most difficult-to-replicate core competitiveness. Guided by the national "dual carbon" strategy, in the wave of vigorous development in the new energy industry, CR Power is steadily advancing towards its goal of becoming a world-class new energy company with its mature business model and strong comprehensive capabilities, contributing its strength to China's energy transformation.