本季度信息
华能国际电力股份有限公司在2025年第三季度（对应2025年1至9月）实现营业收入1729.75亿元，同比下降6.19%。同期经调整净利润（扣除非经常性损益后）为140.41亿元，同比上升39.83%。成本端方面，营业成本继续走低，带动毛利率约为19.97%，经营利润率约为13.24%。经营活动产生的现金流量净额约为527.73亿元，同比提升22.75%。公司在公告中表示，境内燃料成本同比下降是利润上行的重要因素。销售费用率与管理费用率分别约为0.11%和2.81%，研发投入占比约0.55%。
业务分项
公告列示的境内电力各板块中，燃煤业务利润总额约132.68亿元，同比大涨102%；燃机板块同比增长3%；风电板块利润同比下降11%；光伏板块同比增长36%；水电板块同比下降24%；生物质业务则同比提升96%。公司提及燃料成本下行对燃煤业务贡献显著，光伏业务的增长亦相对突出，而风电和水电板块利润出现一定回落。
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