On January 16, the State Power Investment Group Corporation (hereinafter referred to as "State Power Investment Corporation") held the 2017 working conference in Beijing on January 16.

Wang Binghua, chairman and Party secretary of State Power Investment Corporation, said 2016 is the first full working year of State Power Investment Corporation after restructuring, and also the first year of curve overtaking during the 13th Five-Year Plan period. Over the past year, the state power investment company has laid the foundation and built the board system and mechanism closely around the main tone and general goal of the development of "curve overtaking". The direction, focus on the group reform and development of top-level design; In charge of the overall situation, we made good decisions on the group's operation and development, achieved a good start of the "13th Five-Year Plan", and took an important step in modern corporate governance.

Wang Binghua pointed out that in the face of the complexity of the external environment, the national electricity investment to maintain strategy concentration does not shake, around "dominated by clean energy development, to the advanced energy technology innovation as the drive, state-owned capital investment company as the direction of" strategic thinking, in the transformation of development, reform and innovation on the power, realize the corner overtaking. First, deepen structural layout adjustment and accelerate the strategic transformation to a modern comprehensive energy service provider; Second, adhere to the direction of state-owned capital investment company, accelerate the construction of modern state-owned enterprises; Third, we will strengthen the driving role of scientific and technological innovation and create innovation hubs for central enterprises.

Wang Binghua stressed that in 2017, the state power to implement the eighteenth big and 18th session of six plenary session, the central economic work conference, the central enterprises, head of the conference spirit, closely around countries seek improvement in stability overall tone, firmly grasp the group company development strategic focus, to implement the group company "much starker choices-and graver consequences-in planning" and "deepening reform 40" as the main line, Transformation development, reform and innovation in the key areas of substantive breakthrough, on the basic work of long-term implementation, further enhance the advantages to do optimization, the short board is lacking, go all out to complete the annual business development task, progress was made in efforts to get corner overtaking, greet the 19 big victory party congress with honors. We should focus on ten major tasks such as nuclear power, heavy gas turbine, comprehensive smart energy and power distribution, transnational business development, asset listing, production safety, group management and control, talent development, salary reform and informatization, so as to contribute to the growth and stability of the Group.

Meng Zhenping, director, general manager, deputy secretary of the Party Leadership Group of the State power Investment Bank, made a report titled "adhere to the stability of progress, focus on breakthrough improvement, strive to be the leader of the energy industry".

The report shows that in 2016, supported by the advantages of energy structure and industrial structure, the state power investment achieved annual profit of 13.21 billion yuan, net profit of 8.76 billion yuan, profit and net profit jumped to the upper reaches of the industry, the overall excess of the SASAC assessment targets, has been fully affirmed by the Party and state leaders.

Management quality further improved. Its total assets were 886.1 billion yuan, and its debt ratio was further reduced. Its electricity output for the year was 396.9 billion KWH, up by 4.24 percent. The coal consumption for power supply dropped by 2.6 grams, the occupied pressure of the existing "two kinds of gold" dropped by 72%, and the capital concentration degree was further improved. We actively advanced and implemented supply-side structural reform, dealt with 12 "zombie enterprises" and enterprises in extreme poverty, and further strengthened asset quality. It has A Class A rating from Moody's, Fitch and Standard & Poor's, ranking the highest in the industry.

The proportion of clean energy continues to rise. By the end of 2016, the total installed capacity of SGE reached 117 million kW, and the proportion of clean energy reached 42.9%. Sge continues to lead the five power generation groups, among which the installed photovoltaic capacity ranks first in the world.

In 2016, the group's annual fixed asset investment, nuclear power, new energy investment accounted for 65% of the total investment, the annual new energy installed capacity of 4.27 million kW, ranked first among the five power. The independent AP1000 relies on the project Sanmen and the two No.1 units of Haiyang Nuclear Power Plant to complete the cold test and hot test, and the world's first reactor enters the final test stage before charging. The first phase of Hongyanhe Nuclear Power plant has been completed. A total of 2.32 million kW wind power entered the national annual construction scale, ranking second among the five power generation groups. Jiangsu Binhai offshore wind power project sets the national cost benchmark. It has built the world's largest water-light complementary photovoltaic power station in Longyangxia, and the world's largest 100-megawatt national demonstration base for solar power generation in Qinghai Gonghe. A total of 430,000 kW photovoltaic projects have won the national "leader" project development rights, ranking first in the country. Qinghai Delingha solar thermal project entered the national demonstration project. Huolinhe Circular Economy project won the honor of "China's first coal, electricity and aluminum green industrial chain". The environmental protection industry began to expand from flue gas treatment to emerging key areas such as water, soil remediation, nuclear environmental protection, and hazardous waste disposal. CAP1400 DEMONSTRATION PROJECT HAS BEEN READY FOR construction, AND has made positive progress in market development in South Africa, Turkey, Bulgaria and other countries.

In 2016, the State power investment adhere to innovation driven, cultivate and strengthen the core competitiveness. New breakthroughs have been made in nuclear power technology innovation. The major project of large advanced pressurized water reactor is progressing smoothly. The CAP1400 reactor has passed the safety review of the International Atomic Energy Agency. The safety, economy and environmental compatibility of many major technological innovations are at the world's leading level. NuPAC fills the gap in China by becoming the first reactor protection system platform to be administratively approved by the nuclear safety regulators of the Chinese and US governments. It also provides technical access for China's third-generation nuclear technology to enter the European and US markets. The independent technology research project of nuclear power key design software has passed the acceptance of the National Energy Administration. The successful development of fuel shaping assembly marks another breakthrough in domestic independent high performance fuel research and development. The CAP1700 and small modular reactor concept designs were successfully completed. Innovation breakthrough in advanced nuclear power field, while promoting the key steps of our nuclear power technology to domesticate and make premises, also become an important motivation to enhance the future core competitive advantage of the company. Responsible for heavy duty gas turbine major project. The State Power Investment Corporation was officially designated as the responsible entity for the implementation of the major special project of heavy duty gas turbines, and became the only central enterprise leading the implementation of the two major national projects (the major project of large advanced pressurized water reactor and the major project of heavy duty gas turbine), further consolidating its position in the national scientific and technological innovation strategy. We will advance the strategic layout of scientific research in an orderly manner. The conceptual design of offshore nuclear power platforms and low-temperature heating reactors, and the research and development of fourth-generation nuclear power technologies, such as thorium-based molten salt reactors and lead-cooled fast reactors, are actively advancing. High efficiency photovoltaic cell technology, supercritical CO2 cycle power generation technology, high efficiency and wide load ultra-supercritical unit, large-scale water-light complementary technology and its application, and research on key technologies for the collaborative removal of multiple pollutants from flue gas have completed the node goals. At the same time, photovoltaic manufacturing achieved a breakthrough, with a 20% increase in conversion efficiency. The microgrid technology of Huolinhe circular economy demonstration project has become a model of domestic wind power consumption. The thermal unit designed by Shandong Institute has broken world records in terms of efficiency and energy consumption.

In 2016, SDIC actively promoted internationalization strategy, strengthened international cooperation and expanded international business. Completed the merger of Australia Pacific Hydro and Trag Wind Power, and signed the acquisition agreement of Pakistan KE Southwest Stock. Positive results have been achieved in cooperation with the investigation of the Yijiang Project in Myanmar. South Africa, Turkey, Bulgaria and other countries have made positive progress in developing their nuclear power markets.

In 2017, the State Power Investment Corporation will focus on the following seven aspects of work: first, with a high sense of responsibility and mission, organize the implementation of major projects of large advanced pressurized water reactor and heavy gas turbine; Second, strengthen confidence and rise to the challenge to ensure steady economic performance. Third, we will work intensively to consolidate our advantages and play the game of innovative development. Fourth, promote the breakthrough of key projects and expand the space of transnational operation; Fifth, comprehensively deepen the internal reform, vigorously promote management innovation; Sixth, firmly establish the red line awareness, to achieve safe and clean development; Strengthen Party building in an all-round way to pool synergy for development.