HUANENG LANCANG RIVER HYDROPOWER (600025) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 5.38 billion, up 21.84% year-over-year, driven by increased electricity output and lower financing costs.

• Net profit attributable to shareholders was RMB 1.51 billion, a 41.56% increase compared to Q1 2024.

• Basic and diluted EPS both rose to RMB 0.08, up 60% year-over-year.

Financial highlights

• Operating cash flow was RMB 3.02 billion, slightly down 2.23% year-over-year.

• Total assets at quarter-end were RMB 216.33 billion, up 0.80% from year-end 2024.

• Shareholders’ equity increased 1.92% to RMB 75.02 billion.

• Gross margin improved as revenue growth outpaced cost increases.

Key financial ratios and metrics

• Weighted average ROE was 2.03%, up 0.46 percentage points year-over-year.

• Basic and diluted EPS both at RMB 0.08, up from RMB 0.05 in Q1 2024.