Once again, a trillion! China Huadian International announces its earnings release

China Energy News, reported by (Reporter) Yi Yuntong. On March 27, Huadian International Power Co., Ltd. (hereinafter referred to as “Huadian International”) released its 2025 annual report. Full-year revenue was 126.013 billion yuan, a year-on-year decrease of 10.95%; attributable net profit to the parent was 6.07 billion yuan, a year-on-year increase of 1.39%; after deducting non-recurring profit and loss, attributable net profit to the parent was 5.688 billion yuan, a year-on-year increase of 6.40%.

According to the annual report, as of the end of 2025, Huadian International’s total controlled installed capacity was 77.924288 million kilowatts. Of this, coal-fired installed capacity was 54.38 million kilowatts, gas-fired installed capacity was 21.072708 million kilowatts, and electricity and heat sales accounted for 99.24% of Huadian International’s operating revenue, making it its main source of income. The decrease in revenue in 2025 was mainly due to lower electricity generation, lower power prices, and an optimization of the coal trading business model.

The annual report shows that in 2025, Huadian International completed total power generation of 262.70 billion kWh and on-grid electricity of 246.447 billion kWh, representing decreases of about 7.15% and 7.09%, respectively, compared with the prior-year same period data adjusted retrospectively. The average on-grid electricity price was about 510.68 yuan per megawatt-hour, a decrease of about 2.83% compared with the prior-year same period data adjusted retrospectively.

Lower both the quantity and price of the power generation business weakened the revenue performance during the reporting period. However, coal-fired power generation installed capacity accounted for about 69.77% of Huadian International’s controlled installed capacity; the benchmarked coal price for coal delivered to the boilers was 825.35 yuan per ton, a decrease of 15.18% compared with the prior-year same period data adjusted retrospectively. This pushed down cost declines even further, providing support for performance.

Huadian International stated that in 2026 it expects to complete power generation of approximately 240 billion kWh. Based on the actual progress of each project, it will invest about 19 billion yuan in power project construction, environmental protection and energy-saving technology retrofits, and equity participation investments, among other initiatives, to further enhance energy supply security capabilities and promote transformation and upgrading.

责任编辑：江蓬新

【Source: China Energy News】