Huadian Power Q1 2026 Results: Revenue at RMB30.47 Billion, Net Profit RMB1.79 Billion

Bulletin Express
04/28

Huadian Power International Corporation Limited released unaudited first-quarter 2026 figures prepared under China Accounting Standards for Business Enterprises.

Operating performance • Revenue reached RMB30.47 billion, down 9.43% year on year. • Total profit slipped 1.82% to RMB3.04 billion. • Net profit attributable to shareholders fell 9.93% to RMB1.79 billion. • Excluding extraordinary items, net profit declined 5.55% to RMB1.78 billion. • Basic earnings per share dropped to RMB0.14, a 17.65% decrease. • Weighted average return on equity stood at 3.39%, 0.47 percentage point lower than the prior-year period.

Extraordinary items Net extraordinary gain totaled RMB5.97 million. Key items included a RMB16.19 million gain on asset disposals and RMB13.42 million in government grants, partly offset by RMB18.11 million in other expenses. Carbon-emission right transactions, treated as recurring, generated RMB15.13 million of income and RMB60.27 million of expenses.

Cash flow Net cash flow from operating activities declined 48.11% to RMB5.64 billion, mainly due to a high comparison base in Q1 2025 and lower electricity revenue during the current period.

Balance sheet (31 March 2026) • Total assets: RMB259.86 billion, down 1.65% from year-end 2025. • Owners’ equity attributable to shareholders: RMB71.00 billion, up 2.66%.

Shareholder structure The company recorded 162,157 ordinary shareholders at quarter-end. China Huadian Corporation Limited remained the largest shareholder with a 45.63% stake, followed by Hong Kong Securities Clearing Company Limited (15.58%) and Shandong Development & Investment Holding Group Co., Ltd. (6.30%).

No other significant operational events were reported for the period.

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