246816264850687479848789929498100284286287288 011332,236,276,000H675,571,0003,0001,000MW1,000MW50%1,400MW9F9H 50 2025 2025456.9819.32%26.6658.15%646.3013.64% 14.2%35.8%18.5%19%5%6016016.2%251735% 2026 2025 202520255.51.14.41,992748202538.932.4%47.3%24.04.56,5946,2486.45.94,73912.0 2025 2025646.3013.64%439.9625.92%242.8239.41%94.082.50%86.0981.62%7.8921.26%33.5336.66%105.803.74%59.1227.28% 20253,53529.20%7814.41%2,75438.53%2,29327.18%2,12423.13% 202523.765.16%48290144249 20251000MW6506500220254255006.23CO22025 202514.33 202616.46 2025 2025266,58198,0241.19 20254,569,79219.32%2,908,3847.77%1,852,65916.19%395,8678.10%438,2813.52%87,33555.26%34,68447.52%461,5981.76%792,248100.84%333,56788.70% 2025765,59716.75%294,100717,05638,81710,200 3,917,84416.95% 2025651,948172,23914.27%1.74502,69617.28%2.86327,48517.68%6.3070,14317.72%3.5874,68817.04%13.659,77611.19%5.323,89711.24%4.9331,4656.82%3.23-1,746-0.22%5.41102,96730.87%3.59 2025402,59933,0768.95%196,90927,46061,49281125,101914119,0963,891 202512 31442,357202412 31566,920417,14168,73025,21655,8332025 202512 311,524,59380,290462,876-430,652-118,498 202512 317,866,279671,6649.346,495,04882.57%1,371,23117.43% 202512 316,018,653443,0247.95%5,754,98295.62%263,6714.38%2025123176.51%0.99 202512 311,780,147231,8717.961.0415.27% 202512 310.14:10.16:1 202512 311,073 202512 31115,346 20234 12529,753,00016.972023202412 3120235202512 31202512 312023 2023 2025-20262026432026432763%31% 2026 . 601600.SH02600.HK . . . 202583.25%2025765,59716.75%294,100717,05638,81710,200 520252025 2025 1.2025 2.2025 3. 202512 3111,4871,82715.9%353,05425.48%36-45 4,43436.99%46-553,32327.72%561,1759.80% 20251,58810.28 202557.71434.5313.28%29.416.77% 202518.87%5.56% 5% 20254,569,792266,581202512 31 2,236,276,00020250.358202530.08%800,586,808.00 H20263 2611.136H0.406688 20265 2220252025 202512 31 202520267 2320265 2920266 3202520265 29 202520265 28430183171712–1716H1399 HHH H10%10%H10%10%H10%20%H20%20%10% HH30H 3,2025 3 2025 20254 7202592202512 13.09D 3.13 2025XVXV78352C3 202518 2025 2025 20256 301.44.8339.42%60.58%20256 3020257 10 202512 30202512 3020263 11 2025 2025120256202562025202520252025 20255200250 – 202512 311,073 202512 31 2025 2025244,945 20211 1120211 292021202220232062,250 2025 672,045130,236 202512 31891,884 202520251231 2025 20084 1420087 815% 2016 20194 113% 2022 iii A 14A.33 20256 301.44.8339.42%60.58%20256 3020257 10 1 202212 2020231 1202512 31 20251 11231400010,0005,054.1323,0008,008.8423,0009,558.21 202512 3020261 1202812 31(1)10,000(2)50,000(3)1,000(4)23,000 2 202212 20202212 31202512 30 202512 30202512 31202812 3050,0001,000 20251 1123123,000202512 3150,0005,623.504000.3 2. 3. 14A.5614A.761 1.2.3.4. 202512 312,236,276,0001,560,705,00069.79%H675,571,000H30.21% 202512 313365% 3362025 202525% 202512 31 H 202512 31H C3 C2“” C2ESGESG2025ESGESG C1202512020254 720257 920259 4 2025 C1 202512 31 20255 23 202512 312204 20262025 13.51B12025828202520263 26202513.512aeg 2025 20252 1212 2025 1.2.3.4.20255.2025 2026 2025C120251 2020254 720257 920259 4 2025 C32025 2025120202411 1120254 7202592202512 13.09D 202412 674 20251 2020254 7202452420232023202420255 232024202420257 920259 420242025202512 220242025202512 31 2025202512 2202512 2 2025125 20255 23H 2025 2025 3.09FC.1.1(b)3.09G 2025 2025(1) 20251 120257 920257 920257 920259 420259 420251231 20256368 2420251 2020251 2020254 720257 9202512 2202512 31 3 20256 4202512 2202512 2202512 31 20253 4202512 2202512 2202512 31 20256 2025202512 31 4120259 420259 4202512 2202512 31 20258 2025C120251 2020254 720257 920259 4 716:1 73457.1% 202512 31 20255 23 2025202512 312204 2025202512 31 2026 20155 1520121 1 202515 10%10%2 3%3% 10%10% 304 7 (i)(ii)(iii)(iv) 20265 222025 20264 22 2025 (www.hpec.com) A.2.1 2025 202512 31 (i)(ii)(iii)(iv)(v)202512 31 XYZH/2026BJAA3B0390 . 202512 312025 202512312025 . . . 2025 . . (1) (2) (3) (4) (5) (6) 202512 31 202512 31 202512 31 202512 31 202512 31 202512 31 202512 31 202512 31 202512 31 202512 31 2025 . 2025 .- . 2025 . 2025 .- 2025 .- . 2025 2025 2025 2025 2025 2025 2025 2025 2025 2025 . 199410 6199411 5 1,189,151,000720,000,00060.55%H469,151,00039.45%19941216200593,830,000H85,300,000.008,530,000H1,274,451,0002005[2007]620072112,590,000H102,355,00010,235,000[2006]1492H10,235,000200732102,355,000.001,376,806,000.00701,235,000.0050.93%H675,571,000.0049.07%2017 12 1329,717,0002017126329,717,000.001,706,523,000.001,030,952,000.0060.41%H675,571,000.0039.59% . 20234 12529,753,0002023920529,753,000.002,236,276,000.001,560,705,000.0069.79%H675,571,000.0030.21% 202512 312,236,276,000.002,236,276,000.00 91230100127575573H 1399 20263 26 . 1. 152023 2. 202512 3112 . 1. 202512 312025 2. 111231 . 3. 12 4. 5. . 6. . 6. . 7. (1) 123 . 7. (2) 12345 8 8 . 8. 3 9. (1) (2)