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Leadership Speech

Dear Shareholders,

2017 was an important year for the implementation of China’s “13th Five-Year Plan”. With the speeding up of the pace of ecological civilization construction, effective implementation of green development and the continuous promotion of structural reform of energy supply side, the cleaning progress of energy was further accelerated. Leveraging on the government’s strong support for renewable energy and clean energy industries, in 2017, the Group strived to develop its wind power and natural gas business, expanded renewable energy and clean energy business and enlarged the industrial scale so as to continue to enhance the profitability of the Group.

In 2017, the asset structure of the Group remained stable and its operation indicators were beyond expectation. As at the end of 2017, the Group realized total sales of wind and photovoltaic power generation of 6,692 million kWh; sold 1,879 million cubic meters of natural gas; the consolidated total assets of the Group amounted to RMB34,288 million; realized revenue of RMB7,058 million, total profit of RMB1,204 million and net profit of RMB1,105 million, of which the net profit attributable to the owners of the Group amounted to RMB940 million.

In 2018, with the direction from the spirit of the 19th National Congress, the Group will encounter new development opportunities under the environment of acceleration of reform of ecological civilization system, building of a beautiful China, promotion of energy production and consumption revolution as well as the establishment of a clean and low carbon energy system in a safe and efficient manner. The Group will stick to its business development direction and continue to focus on renewable energy and clean energy, actively promote the development of major markets of wind power and natural gas segments and the implementation of projects, earnestly capitalise on the refined management of operating assets and actively explore innovative development. In addition, the Group will strive to build a much stronger business structure, keep abreast with new technologies and their application, and continuously upgrade technologies applied in its operation and maintenance. The Group aims to further improve its business structure, diversify its source of profits, enhance the standards and efficiency of its management system, refine its fund management measures and steadily improve its management level in connection with production, operation and maintenance, so that it could become a renowned listed company with stronger capabilities in innovation and sustainable development for driving the continuous growth of the enterprise in the course of building a beautiful China.

Cao Xin


Shijiazhuang, PRC, 19 March 2018