Huadian Xinneng: Net Profit in 2025 was 7.263 billion yuan, a year-on-year decrease of 17.76%.

The Huadian Xineng released its performance bulletin, achieving a total operating income of 38.98 billion yuan in 2025, a year-on-year increase of 14.76%; net profit of 7.263 billion yuan, a year-on-year decrease of 17.76%. During the reporting period, the company achieved a total operating income of 38.98 billion yuan, an increase of 14.76% compared to the same period last year. The main reason was the expansion of the company's installed capacity, with new projects going into operation driving the increase in electricity generation; total profit was 9.236 billion yuan, a decrease of 11.95% compared to the same period last 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% compared to the same period last year. The main reasons were the increase in fixed asset depreciation and operating costs due to the expansion of production capacity, a decrease in the comprehensive average electricity price compared to the same period last year caused by market transactions and structural factors, provision for asset impairment due to the activation of existing stock and replacement of old units, insufficient absorption capacity, and lower-than-expected electricity generation in the fourth quarter due to climatic reasons.