DATANG POWER (00991) announced its 2025 annual results, with the group achieving operating revenue of RMB 121.255 billion, a decrease of 1.8% year-on-year. Net profit attributable to equity holders of the company was RMB 7.539 billion, representing a significant increase of 66.13% compared to the previous year. Basic earnings per share were 32.37 fen. The company proposed a final dividend of RMB 0.0930 per share.
The company demonstrated robust energy supply capabilities. It consistently upheld its political and social responsibilities for ensuring supply, achieving complementary and synergistic efforts across multiple energy sources including wind, solar, thermal, and hydro power. Production safety remained stable and showed continuous improvement. In 2025, the company cumulatively completed online electricity sales of approximately 273.1092 billion kilowatt-hours, successfully fulfilling critical supply tasks for peak summer and winter periods, the 80th anniversary of the victory in the War of Resistance, and the Fourth Plenary Session of the 20th Central Committee, highlighting its role as a cornerstone central energy enterprise.
Operating performance reached new heights. Throughout 2025, the company focused on high-quality development goals, continuously building a comprehensive operational framework centered on market orientation, profit focus, marketing leadership, fuel security, and production foundation. By optimizing operational strategies based on market trends and deeply exploring profit potential through lean management, the company achieved a pre-tax profit of RMB 12.986 billion, a rise of 49.85% year-on-year. Net profit attributable to equity holders reached RMB 7.539 billion, up 66.13%, indicating a steady enhancement in profitability.
The pace of low-carbon transformation accelerated. The company firmly pursued its "Dual Carbon" goals, steadily advancing its low-carbon transition. It actively promoted the coordinated transformation of coal-fired power plants, leading to a gradual improvement in energy utilization efficiency and positive results in energy conservation and emissions reduction. The proportion of clean energy continued to increase. In 2025, the company added 5,120.854 MW of new clean energy capacity, bringing its total installed clean energy capacity to 37,058.081 MW, accounting for approximately 42.99% of its total installed capacity, an increase of 2.62 percentage points from the previous year.
Financing costs continued to decline. Based on meticulous fund management, the company persistently optimized its financing structure. It actively capitalized on periods of declining market interest rates, vigorously expanded low-cost financing channels, and effectively reduced financing costs. Its coupon rates consistently remained industry-leading, providing stable support for high-quality development. The comprehensive financing cost achieved was 2.33%, a reduction of 30 basis points year-on-year, marking the lowest level during the company's 14th Five-Year Plan period.
Fuel cost control was effective. In 2025, the national coal market experienced stable supply, moderate demand, and a rational price correction. The company deepened its procurement strategies, accurately responded to market rhythms, and strengthened lean operations, implementing cost control throughout the entire chain. During the year, the company procured a total of 119.7749 million tonnes of coal. The standard coal price for coal-fired units was RMB 742.4 per tonne (excluding tax), a decrease of RMB 128.94 per tonne or 14.80% compared to the previous year, laying a solid foundation for operational efficiency.
Governance standards steadily improved. Operating in accordance with laws and regulations, the company continuously standardized its governance structure. During the reporting period, it successfully completed the board of directors election, further enhancing the professionalism and effectiveness of board decisions. The company also completed the dissolution of the supervisory board and amendments to its articles of association. The modernization level of its overall governance system and capabilities achieved steady progress, providing a solid guarantee for the company's high-quality development.