证券代码: 600011 证券简称: 华能国际 公告编号:2025-019 华能国际电力股份有限公司 关于子公司华能国际电力江苏能源开发有限公司 2025年度第一期超短期融资券（科创票据） 发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 华能国际电力股份有限公司（"公司"）全资子公司华能国际电力江苏能源开 发有限公司已于近日完成了华能国际电力江苏能源开发有限公司2025年度第一 期超短期融资券（科创票据）（"本期债券"）的发行。本期债券发行额为8亿元 人民币，期限为30天，单位面值为100元人民币，发行利率为1.63%。 本期债券由中国民生银行股份有限公司为主承销商组织承销团，通过集中簿 记建档、集中配售的方式在全国银行间债券市场公开发行。本期债券募集资金用 于偿还华能国际电力江苏能源开发有限公司本部有息债务及补充流动资金。 本期债券发行的有关文件已在中国货币网和上海清算所网站上公告，网址分 别为www.chinamoney.com.cn和www.shclearing.com.cn。 特此公告。 华能国际电力 ...

Financial Performance - The company's operating revenue for 2024 was approximately RMB 245.55 billion, a decrease of 3.48% compared to RMB 254.40 billion in 2023[22] - Net profit attributable to shareholders for 2024 increased by 20.01% to RMB 10.14 billion, up from RMB 8.45 billion in 2023[22] - The net profit excluding non-recurring gains and losses rose by 87.50% to RMB 10.52 billion in 2024, compared to RMB 5.61 billion in 2023[22] - Cash flow from operating activities for 2024 was RMB 50.53 billion, an increase of 11.06% from RMB 45.50 billion in 2023[23] - Total assets at the end of 2024 reached RMB 586.84 billion, reflecting an 8.44% increase from RMB 541.16 billion at the end of 2023[23] - The company's net assets attributable to shareholders increased by 3.99% to RMB 137.41 billion at the end of 2024, compared to RMB 132.14 billion at the end of 2023[23] - Basic earnings per share increased by 31.43% to CNY 0.46 in 2024 from CNY 0.35 in 2023[24] - The weighted average return on equity rose to 13.14% in 2024, an increase of 1.89 percentage points compared to 11.25% in 2023[24] - Operating costs amounted to CNY 208.36 billion, down 6.80% year-on-year, leading to an operating profit of CNY 18.74 billion, which increased by 41.51%[62] - Net profit reached CNY 14.11 billion, reflecting a significant year-on-year growth of 55.35%[62] Revenue and Profit Sources - The company achieved operating revenue of RMB 245.55 billion, a year-on-year decrease of 3.48%[62] - The total profit from wind power was RMB 6.772 billion, an increase of RMB 859 million, or 14.55% year-on-year[43] - The total profit from solar power was RMB 2.725 billion, an increase of RMB 681 million, or 33.25% year-on-year[43] - The company's Singapore business reported a total profit of RMB 2.683 billion, a decrease of RMB 1.672 billion, or 38.39% year-on-year, due to a more competitive electricity market[43] - The company achieved a net income of 2.165 billion RMB from peak-shaving auxiliary service fees and 293 million RMB from frequency modulation auxiliary service fees in 2024[50] Operational Efficiency and Capacity - The company procured 207 million tons of coal in 2024, with an average procurement price (including transportation costs and other taxes) decreasing by 8.27% year-on-year[42] - As of the end of 2024, the company's controllable power generation capacity was 145,125 megawatts, with coal-fired capacity at 93,143 megawatts[42] - The average equivalent availability of the company's domestic thermal power units was 93.67%, with a coal consumption rate of 293.90 grams per kilowatt-hour[42] - The company added a controllable power generation capacity of 9,692.76 MW in 2024, with renewable energy accounting for 35.82% of total capacity[102] Research and Development - The company maintained significant R&D investment, resulting in 1,021 invention patents and 746 utility model patents authorized in 2024[56] - The company has 14,372 R&D personnel, making up 25.54% of the total workforce, with a significant number holding advanced degrees[78] - The company’s research and development expenses rose to CNY 1.66 billion, an increase of 8.18% year-on-year[64] Risk Management and Compliance - The company emphasizes risk management and has implemented effective measures to address potential risks identified in its annual risk management report[8] - The audit report issued by Ernst & Young Huaming is a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[3] - The company has established a comprehensive risk management and internal control system, ensuring effective operation and compliance with regulatory requirements[145] Corporate Governance - The board of directors consists of more than 50% external directors and one-third independent directors, ensuring a robust governance structure[149] - The company has established a comprehensive governance framework, including rules for shareholder and board meetings, to support effective decision-making[149] - The company has maintained a flawless record in information disclosure, completing 262 announcements during the reporting period and receiving an A-level rating from the Shanghai Stock Exchange[147] Future Outlook and Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance growth prospects[91] - Future guidance indicates a focus on increasing renewable energy sources, particularly in wind and solar sectors[91] - The company aims for a low-carbon clean energy installed capacity ratio of approximately 45% by the end of the 14th Five-Year Plan[132] - The company plans to optimize coal power development while accelerating the transition to renewable energy sources[135] Employee and Management Compensation - The total compensation for the board members and senior management during the reporting period amounted to CNY 1,017.2 million[158] - The average compensation for independent directors is CNY 300,000 per year[157] - The remuneration of directors, supervisors, and senior management is linked to the company's operating performance and individual performance[167] Dividend Policy - The company has a cash dividend policy that stipulates a minimum distribution of 50% of the annual distributable profit if the company is profitable and has positive retained earnings[185] - The cash dividend amount for the current period is CNY 4,238,485,207, which represents 58.78% of the net profit attributable to ordinary shareholders of the listed company[189]

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本文件全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 2025年第一季度上網電量完成情況公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 根 據 華 能 國 際 電 力 股 份 有 限 公 司（「公 司」）初 步 統 計，2025年 第 一 季 度， 公司中國境內各運行電廠按合併報表口徑完成上網電量1,066.33億千瓦 時，同 比 下 降5.66%；2025年 第 一 季 度，公 司 中 國 境 內 各 運 行 電 廠 平 均 上 網結算電價為488.19元╱兆 瓦 時，同 比 下 降1.96%。2025年 第 一 季 度，公 司 市場化交易電量比例84.85%，比 去 年 同 期 下 降1.75個 百 分 點。 公 司 電 量 下 降 的 主 要 原 因 是： 一 季 度，公 司 持 續 推 進 綠 色 低 碳 轉 型，風 電 和 光 伏 裝 機 容 量 持 ...

2024 環境、社會及管治報告 Environmental, Social and Governance Report 2024 環境、社會及管治報告 Environmental, Social and Governance Report 綠色低碳轉型步穩蹄疾。2024年，公司強化戰略引領，轉型步伐更加強勁，綠色低碳發展成效顯著，新能源投產 規模創近年新高，新能源裝機佔比實現大幅提升，海上風電開發取得新突破，陸上風電、光伏、儲能項目百花齊放。 目錄 01 董事長致辭 2 02 關於我們 2.1 公司概覽 6 2.2 公司治理 7 2.3 公司發展戰略 8 2.4 公司理念 9 2.5 公司ESG面臨的形勢 10 2.6 公司ESG責任管理 11 2.7 2024年度公司關鍵績效指標表 13 2.8 利益相關方溝通及重要性議題識別 18 03 助推電改深化前行 24 04 心系民生履行使命 4.1 築牢能源保障基石 30 4.2 黨建引領守法合規 34 4.2.1 黨建引領 34 4.2.2 依法治企 35 4.2.3 反腐倡廉 37 4.2.4 知識產權保護 40 05 創新引領推動轉型 5.1 深化能源革命 ...

Electricity Generation and Capacity - The company achieved a total domestic electricity generation of 447.856 billion kWh in 2023, representing a year-on-year growth of 5.33%[19]. - As of December 31, 2024, the company has a controllable installed capacity of 145,125 MW, with low-carbon clean energy capacity accounting for 35.82%[9][17]. - The company operates power plants across 26 provinces, autonomous regions, and municipalities in China, with significant overseas investments in Singapore and Pakistan[9]. - In Q1 2024, the company achieved a domestic on-grid electricity generation of 113.036 billion kWh, a year-on-year increase of 5.63%[24]. - For the first half of 2024, the company reported a domestic on-grid electricity generation of 210.678 billion kWh, a year-on-year decrease of 0.22%[29]. - In the first three quarters of 2024, the company achieved a domestic on-grid electricity generation of 341.240 billion kWh, a year-on-year increase of 1.14%[34]. - The company’s on-grid electricity generation was 452,939 million kWh in 2024, compared to 447,856 million kWh in 2023[37]. - The company’s wind power generation increased by 16.07% year-on-year, while solar power generation surged by 66.13% in 2024[52]. - The company’s coal-fired power generation decreased by 1.74% year-on-year, while hydropower generation increased by 24.79% in 2024[52]. Financial Performance - The company's net profit attributable to shareholders for the fiscal year 2023 was approximately RMB 8.446 billion, an increase of RMB 15.833 billion year-on-year, representing a growth of 214.33%[24]. - The net profit attributable to shareholders for Q1 2024 was approximately RMB 4.596 billion, an increase of RMB 2.346 billion year-on-year, representing a growth of 104.25%[24]. - The net profit attributable to shareholders for the first half of 2024 was approximately RMB 7.454 billion, an increase of RMB 1.146 billion year-on-year, representing a growth of 18.16%[29]. - The net profit attributable to shareholders for the first three quarters of 2024 was approximately RMB 10.413 billion, a decrease of RMB 2.151 billion year-on-year, representing a decline of 17.12%[34]. - The company achieved consolidated operating revenue of RMB 245.55 billion in 2024, a decrease of 3.48% compared to the previous year[41]. - Net profit attributable to equity holders of the company reached RMB 10.185 billion in 2024, an increase of RMB 1.827 billion or 21.86% year-on-year[41]. - The company’s total assets increased to RMB 595.58 billion in 2024, up from RMB 550.32 billion in 2023[36]. - The company’s total liabilities were RMB 384.99 billion in 2024, compared to RMB 370.96 billion in 2023[36]. - The company reported short-term borrowings of approximately RMB 3.02 billion backed by machinery valued at RMB 4.27 billion as of December 31, 2024[101]. Technological Innovations and Projects - The company has developed and implemented several major technological innovations, including the first domestic ultra-supercritical reheat coal-fired power unit[12]. - The company successfully launched an 18 MW super-large wind turbine unit, laying the foundation for the mass installation of large-capacity offshore wind power units[29]. - The company’s COAP technology (integrated low-temperature pollutant removal technology) successfully passed a 168-hour trial run, marking the operation of the world's first low-temperature integrated near-zero emission project[29]. - The company’s major project, the world's largest compressed air energy storage power station, has officially started construction in Jiangsu[35]. - The company has implemented significant technological innovations, including the first low-temperature integrated near-zero emissions project in China[46]. Governance and Corporate Structure - The company has a strong governance structure and market reputation, supported by a high-quality workforce and professional management[12]. - The company has established a comprehensive governance structure, ensuring effective implementation of decision-making and supervisory powers[112]. - The company has continuously improved its internal control system, successfully passing external audits for 19 consecutive years[115]. - The company has established an information disclosure committee to oversee the regular reports and ensure timely and accurate disclosures[119]. - The board of directors consists of 15 members, with independent non-executive directors making up one-third of the board[136]. Environmental and Social Responsibility - The company is committed to green development, with over 26% of its installed capacity coming from renewable energy sources[45]. - The company has improved its corporate governance and brand image, achieving recognition in ESG management and investor relations[46]. - The company has been recognized for its ESG practices, being included in the "Pioneer 100 Index" and receiving multiple awards for sustainable development[115]. - The company is actively adapting to the "dual carbon" goals and optimizing investment strategies to maximize economic benefits amid market risks[105]. - The company is enhancing its environmental protection measures in response to stricter national policies, which may increase environmental expenditure[109]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of RMB 0.27 per share (before tax) for the 2024 fiscal year[41]. - The company has maintained a cash dividend policy, distributing at least 50% of the annual distributable profit, provided that profits and accumulated undistributed profits are positive[186]. - Since its listing, the company has distributed a total of RMB 65.827 billion in dividends to shareholders since 1998[187]. - The company has a history of increasing dividends, with a proposed payout ratio of 58.78% for 2024[188]. - The company emphasizes the importance of maintaining good relationships with employees, customers, and suppliers as a key asset for long-term goals[177]. Risk Management and Compliance - The company has developed a comprehensive risk management system to enhance its risk prevention capabilities and promote sustainable development[124]. - The company has implemented strict insider information handling procedures, ensuring timely and accurate disclosure of significant financial information[129]. - The company has complied with all relevant laws and regulations without any violations reported during the year[174]. - The company will focus on optimizing its capital structure and managing financial risks while pursuing new construction and acquisitions[85]. - The company faces uncertainties in coal supply due to its reliance on international markets, which may impact fuel procurement[106].

目录 01 董事长致辞 2 02 关于我们 2.1 公司概览 6 2.2 公司治理 7 2.3 公司发展战略 8 2.4 公司理念 9 2.5 公司ESG面临的形势 10 2.6 公司ESG责任管理 11 2.7 2024年度公司关键绩效指标表 13 2.8 利益相关方沟通及重要性议题识别 18 03 助推电改深化前行 24 04 心系民生履行使命 4.1 筑牢能源保障基石 30 4.2 党建引领守法合规 34 4.2.1 党建引领 34 4.2.2 依法治企 35 4.2.3 反腐倡廉 37 4.2.4 知识产权保护 40 05 创新引领推动转型 5.1 深化能源革命进程 44 5.2 科技引领自主创新 47 5.3 聚焦绿色低碳运营 49 5.3.1 整体规划 49 5.3.2 能耗管理 50 5.3.3 水资源管理 52 5.3.4 排放物管理 54 5.3.5 其他环境影响管理 63 5.3.6 应对气候变化 65 | 06 | 夯实防线保障安全 | | | --- | --- | --- | | | 6.1 筑实本质安全体系 | 71 | | | 6.2 提升安全监督效能 | 74 | | | 6. ...

股份代號：902 2024 年度報告 為明天 增添動力 目錄 2 公司簡介 6 二零二四年公司大事回顧 按照國際財務報告準則會計準則 編製的財務報表 境內外財務報表差異調節表 338 境內外財務報表差異調節表 10 財務摘要 12 致股東書函 16 管理層討論與分析 37 企業管治報告 60 投資者關係 64 董事會報告書 100 監事會報告書 104 董事、監事及高級管理人員簡介 111 公司資料 113 名詞釋義 114 獨立核數師報告 121 合併損益及其他綜合收益表 124 合併資產負債表 127 合併權益變動表 129 合併現金流量表 132 財務報表附註 華能國際電力股份有限公司 公司簡介 華能國際電力股份有限公司（「本公司」、「公司」 或「華能國際」）及其附屬公司主要在中國全國 範圍內開發、建設和經營管理發電廠，是中國 最大的上市發電公司之一，是中國境內第一 個實現在紐約、香港、上海三地上市的發電公 司。截至二零二四年十二月三十一日擁有可控 發電裝機容量145,125兆瓦，其中低碳清潔能 源裝機容量佔比為35.82%。公司境內電廠廣 泛分佈在中國二十六個省、自治區和直轄市； 公司在新加坡全資擁有 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 公司秘書 於 本 公 告 日，本 公 司 董 事 為： 王 葵 （執 行 董 事） 王志傑 （執 行 董 事） 黃歷新 （執 行 董 事） 杜大明 （非 執 行 董 事） 周 奕 （非 執 行 董 事） 李來龍 （非 執 行 董 事） 曹 欣 （非 執 行 董 事） 李海峰 （非 執 行 董 事） 丁旭春 （非 執 行 董 事） 王劍鋒 （非 執 行 董 事） 中 國 • 北 京 2025年4月16日 夏 清 （獨 立 非 執 行 董 事） 賀 強 （獨 立 非 執 行 董 事） 張麗英 （獨 立 非 執 行 董 事） 張守文 （獨 立 非 執 行 董 事） 黨 英 （獨 立 非 執 行 董 事） 華能國際電力股份有限公司 黃朝全 债券 ...

证券代码: 600011 证券简称: 华能国际 公告编号:2025-017 华能国际电力股份有限公司 2025 年第一季度上网电量完成情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据华能国际电力股份有限公司（"公司"）初步统计，2025 年第一季度，公 司中国境内各运行电厂按合并报表口径完成上网电量 1,066.33 亿千瓦时，同比下 降 5.66%；2025 年第一季度，公司中国境内各运行电厂平均上网结算电价为 488.19 元/兆瓦时，同比下降 1.96%。2025 年第一季度，公司市场化交易电量比 例为 84.85%，比去年同期下降 1.75 个百分点。 公司电量下降的主要原因是： 一季度，公司持续推进绿色低碳转型，风电和光伏装机容量持续增长，新能 源电量同比增长。但受供需宽松、全国新能源装机容量增长、公司煤电机组装机 份额下降等因素影响，公司煤电机组利用小时进一步下降，煤电机组电量同比降 低，导致公司电量同比下降。 2025 年第一季度，公司境内各区域电厂上网电量（以亿千瓦时计）具体如 下： | 机 ...

华能国际电力股份有限公司 关于中期票据发行的公告 证券代码: 600011 证券简称: 华能国际 公告编号:2025-016 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 华能国际电力股份有限公司（"公司"）2023年年度股东大会于2024年6月25日 通过决议，同意公司在自2023年年度股东大会批准时起至2024年年度股东大会结 束时止，经相关监管部门核准后，在中国境内或境外一次或分次发行本金余额不 超过等值于1300亿元人民币的境内外债务融资工具，包括但不限于境内市场的公 司债券、企业债券和银行间债券市场发行的中期票据等境内债务融资工具，以及 境外市场的离岸人民币债券、境外美元债券和其它外币债券等境外债务融资工具。 公司已于近日完成了华能国际电力股份有限公司2025年度第七期中期票据 （"本期债券"）的发行。本期债券发行额为15亿元人民币，期限为3+N年，单位 面值为100元人民币，发行利率为2.06%。 本期债券由中信建投证券股份有限公司、招商银行股份有限公司、中信证券 股份有限公司、长城证券股份有限公司、渤海银 ...