Sichuan Energy Development Group Achieves Strong Start in Q1 with High Growth in Key Indicators

Since the start of this year, Sichuan Energy Development Group has focused on its annual goals, paid close attention to production and operation, reform and innovation, and project implementation. Its key operating indicators have achieved high-level growth, successfully securing a strong start in the first quarter. By the end of March, it had achieved a consolidated operating income of 22.032 billion yuan and a total profit of 2.685 billion yuan, a year-on-year increase of 10.3%; its total assets reached 428.624 billion yuan, a year-on-year increase of 4.1%. 

China Energy News reports that the group adheres to the “1+4” industrial layout, with comprehensive energy as its core business and advanced manufacturing, high-end chemicals, pharmaceutical health, and industry-finance integration as its diversified businesses. This clear layout has effectively promoted high-quality development and laid a solid foundation for its stable operation. 

Focusing on its core business and optimizing its layout, the group has consolidated its development foundation. In the first quarter, it completed 10.176 billion kilowatt-hours of power generation, a year-on-year increase of 29.75%, and 13.608 billion kilowatt-hours of power sales, a year-on-year increase of 21.33%. It also achieved a cumulative gas transmission and sales volume of 1.14 billion cubic meters, an increase of 15.33% year-on-year. 

Hydropower remains a solid foundation, thermal power provides stronger support, and wind and solar new energy are developed sequentially, with continuous enrichment of energy resources reserves, realizing the coordinated development of development and ecological protection. 

Driven by innovation and empowered by technology, the group has strengthened the implementation of industrial integration. It has deepened the integration of industry, university and research, promoted the planning and construction of the Shuchuangyuan Science and Technology Innovation Base in accordance with the “one park, multiple points” layout, and strived to promote the landing of the Tsinghua University Intelligent Equipment Joint Research Institute project. 

Sichuan Chemical Industry Group has established a joint laboratory for high-tech materials with relevant units of Peking University. Hongming Electronics was rated the first in the “Top 100 Sichuan Enterprises in Technological Innovation Capability 2025”, and three products were recognized as the first sets in Sichuan Province. A virtual power plant has been built, connecting more than 300 distributed photovoltaic, energy storage, charging pile and load-side customers.

CCTV reports that key projects have made steady progress with frequent good news. On February 2, the first well in Sichuan’s provincial-owned oil and gas block, Letan 1 Well, successfully ignited for gas testing, marking a key leap for Sichuan’s provincial-owned state-owned enterprises from “zero breakthrough” in mining rights to “initial success” in exploration in the field of oil and gas exploration and development.

On February 7, the second phase of Dazhou Gas Power Station, the largest gas-fired power station in Sichuan Province, achieved full-capacity grid connection and official commercial operation, injecting strong momentum into optimizing the power grid structure in eastern Sichuan and improving power guarantee capacity during peak hours. 

Wang Jun, General Manager of Sichuan Energy Development Group, stated that the group has made solid progress in key projects such as the Yinglang Photovoltaic Project and the listing of Chengdu Hongming Electronics. “We will rely on technological innovation and project landing to continuously consolidate the good start and promote the high-quality development of the energy industry,” he said. 

The group’s strong start in the first quarter fully demonstrates its strong development vitality and core competitiveness, providing strong support for Sichuan’s energy security and the construction of a clean energy strong province.