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Message from the chairman

Dear Shareholders,

In the past year, Huadian Fuxin earnestly practiced the new development philosophy in all respects. Taking development and upgrading as its main taskwith a primary focus on efficiency improvement, the Company further promoted capital operation and professional management, increased its efforts in quality and efficiency enhancement, deepened reform and innovation and reinforced safety and environmental protection. Thanks to these efforts, the Company advanced steadily with positive results achieved in every area of work. As of the end of 2017, its consolidated installed capacity in operation amounted to 15,540.2 MW, of which 76.8% attributable to clean energy; total consolidated assets amounted to RMB107,240 million, up 3.8% year on year; the owners¡¯ equity was RMB26,470 million, up 15.1% year on year; profit attributable to shareholders was RMB2,117 million, up 2.3% year on year; and operating revenue reached RMB16,810 million, up 5.1% year on year. In particular, the wind and solar power business, which has always been the Company¡¯s focused area of development, recorded an increase of 102.3% in profit, making it a huge profit contributor and demonstrating its tremendous advantages and potentials.

The principal contradiction facing Chinese society has now evolved into one between the people¡¯s ever-growing needs for a better life and unbalanced and inadequate development. The Company will act in response to the evolution of the principal contradiction in Chinese society and give top priority to quality and efficiency. In this regard, it will give full play to its professional capability and strengths in developing clean energy business, maintain its strategic composure and development direction, strive for quality and efficiency enhancement and continue to improve its investment and financing capability.  Furthermore, it will consistently enhance its vitality, control, influence, international competitiveness and risk-resistance capability and strive to build itself into an internationally leading listed clean energy company featuring low carbon, safety and high efficiency.

2018 will be a crucial year for Huadian Fuxin to adapt to the economic development trends in the new era, focus on its goal of becoming a leading listed clean energy company in the world and advance towards higher-quality development. Following the guidance of Xi Jinping thought on Socialism with Chinese characteristics for a new era, Huadian Fuxin will capitalize on the opportunities brought about by the 19th CPC National Congress, focus on innovation in management and development and constantly upgrade existing assets and strengthen incremental assets. In a word, Huadian Fuxin will spare no effort to elevate its development, operation and management, deliver better returns to shareholders and contribute more to the building of ecological civilization and a beautiful China.

Last but not least, on behalf of the Board, I would like to extend my sincere gratitude to all shareholders, people and friends from all walks of life for their trust and support!

Chairman Huang Shaoxiong