Huadian Power International Corporation (1071) Q3 2025 earnings summary

Executive summary

• Operating income for Q3 2025 was RMB 35.92 billion, down 10.92% year-over-year after adjustment.

• Net profit attributable to shareholders rose 20.32% year-over-year to RMB 2.53 billion for the quarter after adjustment.

• Total profit increased 30.63% year-over-year, driven by lower coal prices despite declines in electricity volume and tariffs.

Financial highlights

• Operating income for the first nine months was RMB 95.87 billion, down 9.72% year-over-year after adjustment.

• Net profit attributable to shareholders for the first nine months reached RMB 6.44 billion, up 15.87% year-over-year after adjustment.

• Basic earnings per share for the first nine months was RMB 0.54, up 22.73% year-over-year.

• Net cash flow from operating activities increased 51.52% year-over-year, mainly due to reduced fuel procurement expenditure.

Outlook and guidance

• Profit growth was mainly attributed to lower coal prices, offsetting declines in electricity volume and tariffs.