| Summary: | In recent years, China sees complicated and volatile external situation and growing downward pressure on the domestic economy. Moreover, COVID-19 has adversely affected China's economic and social development. In such context, the Company, as the great strength and strong pillar, reduces the energy consumption cost for three consecutive years. Besides, uncertain factors in terms of power grid development investment have brought about larger impact on the demand and capacity of power grid project investment and proposed higher requirements on the Company. Externally, economic and social development, national strategic deployment, implementation of power supply planning and planned load, and trans-provincial and trans-regional power trading mechanism have a crucial impact on the actual operating benefits of power grid projects.
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