Huadian New Energy: Net profit of 7.263 billion yuan in 2025, down 17.76% year-on-year

Hua Dian New Energy released its performance report, achieving a total operating revenue of 38.98 billion yuan for the fiscal year 2025, an increase of 14.76% year-on-year; net profit was 7.263 billion yuan, a decrease of 17.76% year-on-year. During the reporting period, the company achieved total operating revenue of 38.98 billion yuan, which is a 14.76% increase compared to the same period last year, mainly due to the expansion of the company’s installed capacity and the commissioning of new projects driving an increase in power generation; total profit was 9.236 billion yuan, a decrease of 11.95% year-on-year; net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 7.243 billion yuan, a decrease of 15.03% year-on-year, mainly due to the increase in fixed asset depreciation and operating costs brought about by the expansion of installed capacity, market transactions and structural factors leading to a decrease in the comprehensive average electricity price year-on-year, impairment provisions for revitalizing existing assets and replacing old units, insufficient consumption, and power generation not meeting expectations due to climate reasons in the fourth quarter.