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Dear Shareholders,
 

In 2018, with the substantial support of all shareholders and under the professional leadership of the Board of Directors, the management actively put the philosophy of high-quality development in place, focused on laying a solid foundation of safety, made great efforts to deepen quality improvement and efficiency enhancement, seized development opportunities and consummated corporate governance. The Company’s profitability, competitiveness, risk resistance and sustainable development capabilities has been further increased.

The Company maintained a stable situation of safe operation. The gross power generation of the Company reached 24,973,793.2 MWh, representing a year-on-year increase of 11.3%, and the weighted average utilization hours of wind power were 2,234 hours, maintaining a leading position in the industry; the operation performance has reached a new height with revenue amounting to RMB11.65 billion, representing a year-on-year increase of 10.4%, and net profit attributable to equity shareholders of the Company reaching RMB3.09 billion, representing a year-on-year increase of 2.5%. The Company won multiple awards in capital market. Chairman LIN Gang was entitled the “Outstanding Contribution Entrepreneur in the Forty Years Course of Reform and Opening Up” of the 8th China Securities Golden Bauhinia Awards. The Company was granted various important awards in capital market such as the highest corporate governance award “Platinum Award” presented by “The Assets”.

In 2019, facing increasingly stringent market competition, the management will effectively strengthen the sense of crisis alertness, urgency, and responsibility, unswervingly implement all the work assigned by the Board of Directors, closely center around the annual task, seize opportunities ahead of others and integrate innovation into work. We will lead all the staff to make great efforts to consolidate safe operation, continuously deepen quality improvement and efficiency enhancement, strive for development breakthroughs, strengthen the leading role of science and technology and innovate corporate governance, endeavoring to open up a new prospect for high-quality development and constantly create new values for shareholders.

Lastly, on behalf of the management and all employees of the Company, I would like to extend my sincere gratitude to all the shareholders and investors for their continued support, care and trust.

Cao Shiguang
President


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