Huadian Power International Corporation (1071) Q3 2024 earnings summary

Executive summary

• Report covers unaudited third quarter 2024 results prepared under China Accounting Standards for Business Enterprises.

• Board and management affirm accuracy and completeness of the report.

Financial highlights

• Operating income for the quarter reached RMB 31,629.7 million, up 1.13% year-over-year.

• Net profit attributable to shareholders was RMB 1,933.3 million, a decrease of 6.52% year-over-year.

• Net profit after deducting extraordinary items was RMB 1,835.3 million.

• Net cash flow from operating activities for the period was RMB 5,145.1 million, up 23.62% year-over-year.

• Basic earnings per share stood at RMB 0.16; return on net assets (weighted average) was 4.07%, down 0.16 percentage points.

Key financial ratios and metrics

• Total assets at period end were RMB 221,831.5 million, down 0.54% from year-end 2023.

• Owners' equity attributable to shareholders was RMB 70,717.9 million, up 1.38% from year-end 2023.