DATANG POWER (00991) announced its annual performance with a net profit attributable to parent company of 7.539 billion yuan, an increase of 66.13% year on year.

DATANG POWER (00991) announces its performance for the year 2025. The Group has achieved operating income of 121.255 billion yuan, a decrease of 1.8% year-on-year; net profit attributable to equity holders of the company is 7.539 billion yuan, an increase of 66.13% year-on-year; basic earnings per share is 32.37 cents. It is proposed to distribute a final dividend of 0.0930 yuan per share. The announcement states that energy supply is strong and reliable. The company has always shouldered the political responsibility and social responsibility of ensuring supply, and has strived for synergy in various energy sources, with safe and orderly production continuously improving. In 2025, the company has surpassed its target of achieving a cumulative grid-connected electricity of approximately 273.1092 billion kilowatt-hours, successfully completing important supply tasks such as peak load and demand response, the 80th anniversary of the victory in the war against Japanese aggression, and the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, demonstrating the central energy enterprises' role as a cornerstone. Operating performance reaches a new high. In 2025, the company focused on high-quality development goals, continued to build a "market-oriented, profit-centered, marketing-led, fuel-secured, and production-based" "large-scale operation" framework, optimized its operating strategies with a market orientation, and deepened management efficiency to explore profit potential. It achieved a pre-tax profit of 12.986 billion yuan, a year-on-year increase of 49.85%, with a net profit attributable to equity holders of 7.539 billion yuan, a year-on-year increase of 66.13%. The company's profitability has steadily increased. Acceleration of low-carbon transformation. The company is committed to achieving the "dual carbon" goal, continuing to promote low-carbon transformation, actively promoting the linkage reform of coal-fired power generation, steadily improving energy utilization efficiency, and making positive progress in energy conservation and emission reduction. The proportion of clean energy continues to increase, with new clean energy installed capacity of 5,120.854 megawatts in 2025, bringing the total clean energy installed capacity to 37,058.081 megawatts, accounting for approximately 42.99% of the total installed capacity, an increase of 2.62 percentage points from the previous year. Continuous reduction of financing costs. The company focuses on refined capital management, continuously optimizes its financing structure, seizes the opportunity of declining market interest rates, vigorously promotes the expansion of low-cost financing channels, effectively reduces financing costs, and maintains industry-leading nominal interest rates. The comprehensive financing cost is 2.33%, a year-on-year decrease of 30 basis points, achieving the lowest level during the company's 14th Five-Year Plan period. Effective control of fuel costs. In 2025, the national coal market had stable supply, moderate demand, and rational price return. The company deepened its procurement strategy, accurately grasped market dynamics, strengthened lean operations, and effectively controlled costs throughout the value chain. In 2025, the company purchased a total of 119.7749 million tons of coal, with an average price of 742.4 yuan per ton (excluding tax) for coal entering the furnace, a year-on-year decrease of 128.94 yuan per ton, a decrease of 14.80%, laying a solid foundation for the company's operational efficiency enhancement. Steady improvement in governance. The company operates in accordance with the law and regulations, continuously standardizes its governance structure, successfully completed the transition of the board of directors during the reporting period, further enhancing the professionalism and effectiveness of the board's decision-making, and completed the abolition of the supervisory board and the revision of the articles of association. The overall governance system and modern governance capabilities have steadily improved, providing a solid foundation for the high-quality development of the enterprise.