华电国际电力股份有限公司 2024 年 12 月 31 日 内部控制审计报告 索引 页码 内部控制审计报告 1-2 内部控制审计报告 XYZH/2025BJAA3B0379 华电国际电力股份有限公司 华电国际电力股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计 了华电国际电力股份有限公司（以下简称华电国际公司）2024 年 12 月 31 日财务报告内 部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》 、《企业内部控制应用指引》 、《企业内部控制评 价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是华电国际公司董事 会的责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的 变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 1 审计报告（续） X ...

华电国际申力股份有限公司 独立董事年度述职报告 作为本公司的独立董事,于报告期内,本人严格按照《公司 法》《证券法》《上市公司治理准则》《上市公司独立董事管理 办法》等法律法规、沪港两地上市规则以及《公司章程》《独立 董事工作制度》和《独立董事年报工作制度》等规定,秉持独立、 客观、公正的原则,忠实履职,勤勉尽责,积极参与公司治理, 充分发挥独立董事的独立作用,维护公司的整体利益,维护全体 股东尤其是中小股东的合法权益。 现将 2024 年度独立董事履行职责的情况报告如下: 一、个人基本情况 本人丰镇平,中国国籍,生于一九五六年十一月,西安交通 大学工学博士,现任本公司独立非执行董事、西安交通大学二级 教授、陕西省叶轮机械及动力装备工程实验室主任。本人曾为德 国斯图加特大学航天系统研究所访问学者、德国柏林工业大学航 空推进实验室 DAAD 访问教授;曾任西安交通大学能源与动力工 程学院叶轮机械研究所所长、能源与动力工程学院副院长、国际 合作与交流处处长、能源与动力工程学院院长、能源与动力工程 专业国家级实验教学示范中心主任等。 于报告期内,本人一直担任本公司独立董事。本公司第十届 1 董事会由12名董事构成, ...

Financial Performance - In 2024, the total electricity generation of the group was 222.63 million MWh, a decrease of approximately 0.52% compared to the same period last year[4]. - The group achieved a revenue of approximately RMB 112.39 billion in 2024, a decline of about 3.42% from 2023[4]. - The net profit attributable to equity holders of the company for 2024 was approximately RMB 5.67 billion, with earnings per share of approximately RMB 0.459[4]. - The group's revenue for 2024 is approximately RMB 112.39 billion, a decrease of about 3.42% compared to 2023, with electricity sales revenue of RMB 94.74 billion, down 1.46%[17]. - The operating profit for 2024 is approximately RMB 6.622 billion, an increase of RMB 2.521 billion compared to 2023, primarily due to lower fuel prices[18]. - In 2024, the company's revenue was approximately RMB 112.39 billion, a decrease of about 3.42% compared to 2023, primarily due to reduced power generation and coal trading volume, as well as a decline in on-grid electricity prices[34]. - The company’s total revenue for 2024 was RMB 112,391,667, a decrease of 3.4% from RMB 116,376,064 in 2023[85]. - Total operating revenue for 2024 was RMB 112,993,979 thousand, a decrease of 3.5% from RMB 117,176,125 thousand in 2023[134]. - Net profit for 2024 increased to RMB 6,835,626 thousand, up 42.1% from RMB 4,808,007 thousand in 2023[135]. Dividends - The board proposed a final cash dividend of RMB 0.13 per share, totaling approximately RMB 1.33 billion, subject to shareholder approval[4]. - The board recommended an interim cash dividend of RMB 0.08 per share for the six months ending June 30, 2024, totaling approximately RMB 818.20 million[5]. - The proposed cash dividends are expected to be paid by August 30, 2025, pending approval at the upcoming annual general meeting[6]. - The proposed final dividend per share for 2024 is RMB 0.13, down from RMB 0.15 in 2023, reflecting a decrease of about 13.3%[126]. Operational Capacity - The group operates 46 power generation enterprises with a total installed capacity of 59,818.62 MW, including 46,750 MW from coal-fired power and 10,603.43 MW from gas-fired power[7]. - The total installed capacity of the group is 59,818.62 MW, with a power generation of 222.63 million MWh in 2024, a decrease of approximately 0.52% year-on-year[16]. - The group added a total of 1,508.84 MW of new power generation capacity during the reporting period, including 505.54 MW from Qingdao Company and 1,003.3 MW from Zhangqiao Thermal Power Company[19]. - The group has approved and under construction projects with a planned additional capacity of 9,321.4 MW, including gas and coal power plants[20]. Market and Strategic Initiatives - The group continues to explore opportunities for market expansion and potential mergers and acquisitions to enhance its operational capabilities[7]. - The group plans to achieve a power generation volume of approximately 210 billion kWh in 2025 and will invest about RMB 12 billion in power project construction and environmental technology upgrades[24]. - The group anticipates a 6% year-on-year increase in national electricity consumption, reaching 10.4 trillion kWh by 2025[21]. - The company is focusing on green and low-carbon development, accelerating the implementation of strategic emerging industries to increase revenue and value-added ratios[27]. - The company is addressing potential risks in the electricity market, including the pressure on coal-fired power generation due to the increasing share of renewable energy[30]. Financial Management - The company's cash and cash equivalents increased to RMB 5,851,104 thousand in 2024 from RMB 5,455,157 thousand in 2023, representing an increase of about 7.2%[131]. - The company's total equity increased to RMB 88.52 billion in 2024, up from RMB 85.90 billion in 2023, marking a growth of 2.4%[90]. - The company's reserves rose to RMB 33.92 billion in 2024, compared to RMB 30.76 billion in 2023, indicating an increase of 10.5%[90]. - The company's long-term borrowings decreased significantly to RMB 40.93 billion in 2024 from RMB 49.68 billion in 2023, representing a reduction of 17.5%[90]. - The company has unused bank credit facilities and registered but unissued bonds, ensuring sufficient operating capital to meet financial obligations due in the next twelve months[91]. Governance and Compliance - The company has adopted a strict corporate governance code that emphasizes transparency, accountability, and independence[74]. - The company’s governance structure complies with the requirements of the Hong Kong Listing Rules Appendix C1[76]. - The company has established a strategic committee to enhance governance and oversight[79]. - The company has not purchased, sold, or redeemed any of its issued securities during the fiscal year 2024[76]. Employee and Operational Costs - The company's employee costs in 2024 were approximately RMB 8.629 billion, an increase of about 7.01% compared to 2023, mainly due to the linkage of employee compensation to operating performance[35]. - The company reported a total operating cost of RMB 109,361,744 thousand in 2024, down 5.0% from RMB 115,900,749 thousand in 2023[134]. - Fuel costs in 2024 were approximately RMB 70.57 billion, down about 6.49% from 2023, primarily due to lower coal prices and reduced power generation[35]. Investments and Acquisitions - The company has agreed to acquire 80% of Huadian Jiangsu Energy Co., Ltd. and various stakes in other energy companies, with total consideration amounting to RMB 3,428.3 million, RMB 1,900.6 million, and RMB 1,997.7 million for the respective assets[59][60]. - The company plans to issue new A-shares to no more than 35 qualified investors, with the total amount of raised funds not exceeding RMB 3,428.0 million, which is 100% of the consideration shares[61]. - The company has established a partnership for a REITs-like project, with an investment of approximately RMB 794 million from Hubei Company, holding about 20% of the limited partnership[64]. Risk Management - Management believes that ongoing litigation will not have a significant negative impact on the financial condition and operating performance of the group[81]. - The company will enhance safety operations by improving coal inventory strategies and ensuring fuel supply for power generation[26].

Financial Performance - The total operating revenue for 2024 was approximately RMB 112,993,979 thousand, a decrease of 3.57% compared to RMB 117,176,125 thousand in 2023[22]. - The net profit attributable to shareholders for 2024 was RMB 5,702,671 thousand, representing a 26.11% increase from RMB 4,522,125 thousand in 2023[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 5,352,031 thousand, up 40.74% from RMB 3,802,752 thousand in 2023[22]. - The net cash flow from operating activities for 2024 was RMB 16,336,372 thousand, an increase of 23.28% compared to RMB 13,251,646 thousand in 2023[22]. - The total assets at the end of 2024 were RMB 223,875,372 thousand, a slight increase of 0.38% from RMB 223,036,299 thousand at the end of 2023[22]. - The net assets attributable to shareholders at the end of 2024 were RMB 67,334,772 thousand, a decrease of 3.47% from RMB 69,756,242 thousand at the end of 2023[22]. - The proposed dividend for the 2024 fiscal year is RMB 0.21 per share, with a total distribution amounting to approximately RMB 1,329,582.95 thousand[5]. - The dividend payout ratio for 2024 is 45.72% of the distributable net profit attributable to shareholders[5]. - The company achieved a total operating revenue of approximately RMB 112.994 billion for the year 2024, with a net profit attributable to shareholders of RMB 5.703 billion, resulting in a basic earnings per share of RMB 0.46[38]. - The weighted average return on equity increased by 2.32 percentage points to 11.66% compared to the previous period[23]. Operational Highlights - The company’s total installed capacity reached 59,818.62 MW, with coal power accounting for approximately 78.15% and clean energy sources (gas and hydro) making up about 21.85%[41]. - In 2024, the company generated 222.63 billion kWh of electricity, a year-on-year decrease of approximately 0.52%[41]. - The average on-grid electricity price was approximately RMB 511.74 per MWh, while the coal price was RMB 965.16 per ton[41]. - The average utilization hours for the company's power generation units were 3,746 hours, a decrease of 210 hours year-on-year[42]. - The company’s operating costs for the year were approximately RMB 103.071 billion, leading to a gross profit margin of around 8.5%[38]. - The company’s cash flow from operating activities showed a strong performance, with RMB 4,996,117 thousand recorded in the third quarter[30]. - The company’s power generation coal consumption is 287.53 grams/kWh, significantly better than the national average level[82]. - The total electricity traded in the market during the year is 189.624 billion kWh, an increase of 4.15% compared to the previous year[84]. Environmental and Sustainability Efforts - The company has invested RMB 24,866 thousand in environmental protection during the reporting period[191]. - The company has established a mechanism for environmental protection[191]. - The company emitted approximately 12,282 tons of sulfur dioxide, with an average emission intensity of 0.06 grams per kilowatt-hour[192]. - The total nitrogen oxides emissions were about 24,286 tons, with an average emission intensity of 0.12 grams per kilowatt-hour[192]. - All coal-fired power plants have completed ultra-low emission renovations, and pollution control facilities are operating normally[193]. - The company has a nearly 100% operational rate for desulfurization, denitrification, and dust removal equipment[199]. - The carbon intensity of electricity supply is 783.30 grams per kilowatt-hour[200]. - The company has achieved a comprehensive utilization rate of over 90% for solid waste such as fly ash and desulfurization gypsum[199]. Corporate Governance and Management - The company has updated and revised several governance documents, including the fundraising management measures and independent director work system[111]. - A total of 5 shareholder meetings and 12 board meetings were held in 2024, with significant proposals reviewed, including profit distribution plans[112]. - The company has implemented strict management of insider information, ensuring no illegal gains from insider trading[115]. - The company held its first extraordinary general meeting on March 26, 2024, where the election of directors was approved[130]. - The company has established a complete asset management system to ensure clear ownership and prevent unauthorized use of company assets[124]. - The company guarantees the independence of its financial department and accounting system, ensuring that financial personnel do not hold positions in related enterprises[126]. - The company has a total of 12 directors, with attendance varying from 10 to 12 across different meetings, indicating strong participation[133][134][135]. - The company’s board secretary and other executives consistently attended the meetings, reflecting management's commitment to shareholder engagement[133][134][135]. Future Outlook and Strategic Initiatives - The company plans to invest approximately RMB 12 billion in 2025 for power generation projects, environmental protection, energy-saving technology upgrades, and equity investments[100]. - The company anticipates a nationwide electricity consumption of 10.4 trillion kWh in 2025, with a year-on-year growth of approximately 6%[97]. - The company aims to enhance its core competitiveness and brand influence while achieving high-quality completion of the "14th Five-Year Plan" goals[99]. - The company plans to enhance its market expansion and explore new technologies in the upcoming quarters[72]. - The company is considering strategic acquisitions to enhance its portfolio, with a budget of 300 million earmarked for potential deals[142]. - The company is committed to ensuring compliance with legal regulations in its related party transactions and financing activities[163]. Employee and Training Initiatives - The total number of employees in the parent company and major subsidiaries is 25,093, with 4,884 in the parent company and 20,209 in subsidiaries[172]. - The company conducted training for 336,754 employees, achieving a training rate of 98.49%[174]. - The company has implemented a salary policy that links total salary to efficiency and effectiveness, focusing on grassroots employees[173].

关于华电国际电力股份有限公司 2024 年度涉及财务公司关联交易的 存款、贷款等金融业务的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 2024 年度涉及财务公司关联交易的存款、贷款等金融 | 1 | | 业务汇总表 | | | 信永中和会计师事务所 北京市东城区朝阳门北人街 株系电话. +66 (010) 6534 2286 | | | --- | --- | | 8 号富华大厦 A 座 9 层 | telephone: +86 (010) 6554 2288 | | 9/F, Block A, Fu Hua Mansion, ShineWing | | | No.8, Chaoyangmen Beidajie, | | | Dongcheng District, Beijing, I | 传真: +86 (010) 6554 7190 | | certified public accountants 100027, P.R.China | facsimile: +86 (010) 6554 7190 | 关于华电国际电力股份有限公司 2024 年度涉及财 ...

2025 年 3 月 27 日，本公司第十届董事会第十九次会议审议通过了《关于修订〈公 司章程〉部分条款并提请股东大会审议的议案》，并同意提交本公司股东大会审议批准。 本次《公司章程》修订内容具体如下： | 序号 | 修订前条文 | 修订后条文 | | --- | --- | --- | | | 公司章程修订说明 | | | | 第一百五十一条 | 第一百五十一条 | | | 公司的财务报表除应按中国会计准则及法 | 公司的财务报表应按中国企业会计准则及 | | | 规编制外，还应当按国际或境外上市地会 | 法规编制。 | | | 计准则编制。如按两种会计准则编制的财 | | | 1 | 务报表有重要出入，应当在财务报表附注 | | | | 中加以注明。公司在分配有关会计年度的 | | | | 税后利润时，以前述两种财务报表中税后 | | | | 利润数较少者为准。 | | | | 第一百五十二条 | 第一百五十二条 | | | 公司公布或者披露的中期业绩或者财务资 | 公司公布或者披露的中期业绩或者财务资 | | 2 | 料应当按中国会计准则及法规编制，同时 | 料应当按中国企业会计准则及法规编制。 | | ...

Financial Performance - The company reported a basic earnings per share of 0.4600 yuan for 2024, an increase of 31.43% compared to 0.3500 yuan in 2023 [1] - Net profit for 2024 reached 57.03 billion yuan, reflecting a 26.12% increase from 45.22 billion yuan in 2023 [1] - Operating revenue decreased by 3.57% to 1129.94 billion yuan in 2024 from 1171.76 billion yuan in 2023 [1] - The return on equity improved to 11.66% in 2024, up 24.84% from 9.34% in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 784650.34 million shares, accounting for 76.71% of the circulating shares, with a decrease of 137.94 million shares from the previous period [1] - China Huadian Group Co., Ltd. remains the largest shareholder with 462006.12 million shares, maintaining a 45.17% stake [2] - Hong Kong Central Clearing Limited increased its holdings by 540.80 million shares, now holding 189123.50 million shares, which is 18.49% of the total share capital [2] Dividend Distribution - No specific details regarding the dividend distribution plan were provided in the documents [3]

华电国际（600027）3月24日主力资金净流入 3462.20万元 金融界消息 截至2025年3月24日收盘，华电国际（600027）报收于5.61元，上涨2.0%，换手率0.91%， 成交量77.33万手，成交金额4.32亿元。 资金流向方面，今日主力资金净流入3462.20万元，占比成交额8.02%。其中，超大单净流入301.93万 元、占成交额0.7%，大单净流入3160.27万元、占成交额7.32%，中单净流出流入1468.79万元、占成交 额3.4%，小单净流出4931.00万元、占成交额11.43%。 华电国际最新一期业绩显示，截至2024三季报，公司营业总收入848.11亿元、同比减少6.52%，归属净 利润51.56亿元，同比增长14.63%，扣非净利润51.45亿元，同比增长23.62%，流动比率0.460、速动比率 0.411、资产负债率61.74%。 天眼查商业履历信息显示，华电国际电力股份有限公司，成立于1994年，位于济南市，是一家以从事电 力、热力生产和供应业为主的企业。企业注册资本1022756.1133万人民币，实缴资本769307万人民币。 公司法定代表人为刘雷。 通过天眼 ...

本次交易尚需经上交所审核通过及中国证券监督管理委员会同意注册后方可实施。 本次交易能否通过审核、取得注册，以及通过审核、取得注册的时间均存在不确定性， 本公司将根据审核进展情况及时履行信息披露义务，敬请广大投资者关注后续公告并注 意相关投资风险。 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法律责任。 华电国际电力股份有限公司（以下简称"本公司"）拟通过发行普通股（A 股）及支 付现金的方式购买中国华电集团有限公司持有的华电江苏能源有限公司 80%股权，福建 华电福瑞能源发展有限公司持有的上海华电福新能源有限公司 51%股权、上海华电闵行 能源有限公司 100%股权、广州大学城华电新能源有限公司 55.0007%股权、华电福新广 州能源有限公司 55%股权、华电福新江门能源有限公司 70%股权、华电福新清远能源有 限公司 100%股权，以及中国华电集团北京能源有限公司持有的中国华电集团贵港发电 有限公司 100%股权等，并募集配套资金（以下简称"本次交易"）。 特此公告。 证券代码：600027 证券简称：华电国际 公告编号：2025 ...

中国银河证券股份有限公司 关于 独立财务顾问声明和承诺 一、独立财务顾问声明 华电国际电力股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 独立财务顾问报告 （上会稿） 独立财务顾问 二〇二五年三月 （一）本独立财务顾问报告所依据的文件和材料由相关各方提供，相关各方对所提 供文件及资料的真实性、准确性和完整性负责，并保证该等信息不存在虚假记载、误导 性陈述或者重大遗漏。本独立财务顾问不承担由此引起的任何风险责任； （二）本独立财务顾问报告是在假设本次交易各方当事人均全面和及时履行本次交 易相关协议和声明或承诺的基础上出具；若上述假设不成立，本独立财务顾问不承担由 此引起的任何风险责任； （三）对于对本独立财务顾问报告至关重要而又无法得到独立证据支持或需要法律、 审计、评估等专业知识来识别的事实，本独立财务顾问主要依据有关政府部门、律师事 务所、会计师事务所、资产评估机构及其他有关单位出具的意见、说明及其他文件做出 判断； （四）如本独立财务顾问报告中结论性意见利用其他证券服务机构专业意见的，独 立财务顾问已进行了必要的审慎核查。除上述核查责任之外，独立财务顾问并不对其他 中介机构的工作过 ...