China huadian Corporation LTD.(ChD) is a wholly state-owned power generation enterprise founded at the end of 2002 during the reform of national power system, and an ultra-large central Soe supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), and a key backbone Soe directly under the Central government. ChD mainly engages in four sectors, i.e. power generation, coal, sci-tech and engineering, and finance. its assets and businesses are distributed throughout the 31 provinces, autonomous regions and municipalities, and hong Kong SAR in China and more than 40 countries like indonesia, Cambodia, Russia and Spain. With 93,000 employees and a total asset of 863.6 billion yuan, the corporation controls six domestic and foreign public listed companies. ChD's installed capacity reaches 166 gW with a share of clean energy in terms of installed capacity of 43%. its coal production capacity amounts to 58.3 million tons per annum and the corporation owns four 10-million-ton coal mines. in finance sector, ChD has six entities that hold four types of financial licenses in area of finance, trust, securities and insurance broker. In the sci-tech and engineering sector, ChD has a number of sci- tech innovation platforms for the state-level thermal power generation testing and distributed energy technology. The corporation was rated as A-Level in the annual performance assessment in 2019 by the SASAC, and had maintained A-Level for eight consecutive years with the scores among the top list of enterprises of the same kind for five consecutive years. The corporation was also listed among the fortune global 500 for the ninth year in a row with the ranking rising by 16 places from the previous year. it has been awarded the uN glocal Compact Best Practice for eight consecutive years. in 2020,ChD was listed among China's 500 most valuable Brands, ranking 76th by total brand value of 72.965 billion yuan.
   In recent years, under the strong leadership of the Communist Party of China (CPC) Central Committee with comrade Xi Jinping at the core, ChD has deeply studied Xi Jinping Thought on Socialism with Chinese Characteristics for a New era, fully implemented the decisions and deployments of the CPC Central Committee and the State Council as well as the New energy Security Strategy, targeted at the vision of building a globally competitive world-class energy enterprise, effectively advanced the "5-3-6 Strategy" (i.e. 5 Persists: persisting in and strengthen leadership of the CPC, persisting in principle of pursuing progress while ensuring stability, persisting in New Development Philosophy, persisting in promoting high- quality development , and persisting in reform and innovation. 3 Transformations: transformation from indemnificatory supply to increasing effective supply, transformation from scale expansion to performance upgrade, and transformation from factor-driven to innovation-driven. 6 First-class: the first-class ability of sustainable development, the first-class ability of value creation, the first-class ability of international business operation, the first-class ability of technological innovation, the first-class ability of corporate governance and the first- class ability of brand influence, thus basically building a globally competitive world-class energy enterprise by 2035), and gained gratifying achievements in corporate reform and growth.
    In 2020, ChD firmly implemented the decisions and deployments of the CPC Central Committee and the State Council, steadfastly advanced the missions of ensuring stability on Six fronts (employment, the financial sector, foreign trade, foreign investment, domestic investment, and expectations) while maintaining security in Six areas (job security, basic living needs, operations of market entities, food and energy, stable industrial and supply chain, and the normal functioning of primary-level governments), resolutely took solid action to win the Three major Battles against poverty, pollution and potential risks so that the corporation's reform, development and stability all stepped up to a new height. CHD achieved a total profit of 19.05 billion yuan, 127% of the annual budgetary goal and up 55.1% year on year; the net profit registered 12.53 billion yuan, 132.2% of the appraisal target set by the SASAC and up 58.6% year on year; the return on equity (Roe) was 5.1% with a year- on-year increase of 1.2%; the economic value added (evA) reported 200 million yuan, 193% of the appraisal target set by the SASAC and up 2.76 billion yuan from the previous year; the asset-liability ratio reduced by 3.42% from the beginning of 2020 to 69.35%; the electricity generation reached 579.9 TWh with a slight increase of 0.22%. The share of clean energy in terms of installed capacity reported 43% with a year-on-year increase of 2.63%; the full-caliber carbon emissions intensity of power supply dropped by 2.7%, recording a new low. After vigorously overcoming the negative impact of the CoviD-19 pandemic, ChD has over-fulfilled all the annual appraisal targets set by the SASAC. Its profit growth ranks among the top central SOEs and the indicators of ROE, net profit attributable to parent company , asset-liability ratio, incremental heat production, wind curtailment improvement, etc. all take the leading position among the enterprises of the same kind. on the whole, ChD has accomplished the major targets and tasks in its 13th five-year Plan.
     Looking into the future, ChD will thoroughly study and implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New era and the spirits of the 19th CPC National Congress and the second, thrid, fourth and fifth plenary session of the 19th CPC Central Committee. We will start from contexts of the new development phase, implement the new development ideas and build the new development layout. To that end, we will follow new development concepts, aim at high-quality development, take structural adjustment as the main task, draw our strength from technological innovation, deepen the reforms to inject more energy, and take high-quality Party-building as our guarantee. We will follow the company's "the 14th five-year plan" and the "5318" development goals; we will further promote the "536 strategies" and strive to achieve development with higher quality, better economic benefits, more innovation, larger markets, improved governance and greater brand image so as to comprehensively strengthen the capabilities of competition, innovation, control, influence and risk-resilience, and expedite the process of building a globally competitive world-class energy enterprise. ChD will celebrate the CPC’s centenary with outstanding achievements and contribute itself to the new journey of fully building a modern socialist country.