Huadian Power International has announced asset and credit impairment provisions totaling RMB781.01 million for the financial year ended 31 December 2025, following a comprehensive year-end asset review approved at the Board’s 30th meeting of the tenth session on 26 March 2026.

The impairments comprise: • Credit impairment: RMB31.36 million mainly related to uncollected heating charges, fly-ash sales and project payments across nine subsidiaries, partially offset by a RMB14.61 million reversal from previous years, resulting in a net profit impact of RMB16.74 million.

• Inventory writedown: RMB21.94 million, reflecting reduced calorific value of long-stored coal and obsolete raw materials and spare parts at five subsidiaries.

• Fixed-asset impairment: RMB481.52 million, driven by policy-mandated shutdowns at three plants and asset retirements linked to environmental and efficiency upgrades at ten entities.

• Construction-in-progress (CIP) impairment: RMB246.19 million after 13 preliminary projects were deemed unviable due to policy and external changes.

Aggregate effect: The RMB781.01 million provisions—comprising RMB749.66 million in asset impairments and RMB31.36 million in credit impairments—reduced Huadian Power International’s 2025 consolidated profit by RMB766.40 million and cut net profit attributable to shareholders by RMB599.28 million.

Corporate governance: The Audit Committee validated the sufficiency and prudence of the impairment methodology, and the Board unanimously approved the resolution (12 votes in favour, none against or abstaining).

The company stated that the provisions reflect actual asset conditions in line with China’s Accounting Standards for Business Enterprises and internal financial policies.