Core Viewpoint - Inner Mongolia Huadian (600863) reported a decrease in net profit for the first half of 2025, indicating challenges in the power generation sector due to increased competition from renewable energy sources and fluctuating coal prices [1][2][3][4] Financial Performance - The company achieved a net profit attributable to shareholders of 1.557 billion yuan, a decrease of 11.91% year-on-year [1] - The net profit excluding non-recurring gains and losses was 1.556 billion yuan, down 9.02% year-on-year [1] - Basic earnings per share were 0.23 yuan, a decline of 11.54% compared to the same period last year [1] - In Q2 2025, the net profit attributable to shareholders was 813 million yuan, an increase of 68.96 million yuan or 9.27% quarter-on-quarter [1] Operational Metrics - The total power generation was 24.324 billion kWh, a decrease of 14.58% year-on-year [2] - The on-grid electricity volume was 22.521 billion kWh, also down 14.58% year-on-year [2] - Thermal power generation was 22.376 billion kWh, reflecting a 15.61% decrease year-on-year, primarily due to increased renewable energy generation in the region [2] Pricing and Revenue - The average selling price of electricity was 356.49 yuan per MWh (excluding tax), an increase of 16.12 yuan per MWh or 4.74% year-on-year [2] - The selling price for thermal power was 358.76 yuan per MWh, up 5.61% year-on-year [2] Coal Production and Sales - Coal production reached 6.948 million tons, a year-on-year increase of 1.74% [3] - External coal sales were 3.5763 million tons, up 1.60% year-on-year [3] - The average selling price of coal was 314.04 yuan per ton (excluding tax), a decrease of 102.75 yuan per ton or 24.65% year-on-year [3] Strategic Acquisition - The company plans to acquire 70% of the equity in Zhenglanqi Wind Power and 75.51% of the equity in Northern Dolun from its controlling shareholder, with a transaction price of 5.717 billion yuan [3] - This acquisition aims to enhance the company's asset scale and quality, increasing the proportion of clean energy generation in response to national policies promoting renewable energy [3][4] - Post-acquisition, the financial performance of the acquired companies will be consolidated into Inner Mongolia Huadian's financial statements, improving its asset scale, revenue, and net profit [4]

每经AI快讯，7月30日，内蒙华电(600863.SH)发布业绩快报，2025年上半年实现营业总收入98.27亿元， 同比下降8.75%；归母净利润15.57亿元，同比下降11.91%。 （文章来源：每日经济新闻） ...

| 证券代码：600863 | 证券简称：内蒙华电 | 公告编号：临 | 2025-044 | | --- | --- | --- | --- | | 债券代码：240363 | | 债券简称：23 | 蒙电 Y1 | | 债券代码：240364 | | 债券简称：23 | 蒙电 Y2 | 内蒙古蒙电华能热电股份有限公司 2025 年上半年销售量完成情况公告 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法律责任。 根据上海证券交易所《上市公司自律监管指引第3号——行业信 息披露》要求，现将内蒙古蒙电华能热电股份有限公司（以下简称"公 司"）2025年上半年主要经营数据公告如下： 注：1.上述数据为公司内部统计数据，可能与相关期间定期报告披露数据存在一定差异。 2.尾数差由四舍五入原因造成。 公司2025年上半年完成发电量243.24亿千瓦时，较上年同期下降 14.58%；完成上网电量225.21亿千瓦时，较上年同期下降14.58%。 2025年上半年，公司市场化交易电量完成218.48亿千瓦时，占上 网电量比例为97.01%。 202 ...

格隆汇7月30日丨内蒙华电(600863.SH)公布，公司2025年上半年完成发电量243.24亿千瓦时，较上年同 期下降14.58%；完成上网电量225.21亿千瓦时，较上年同期下降14.58%。2025年上半年，公司市场化交 易电量完成218.48亿千瓦时，占上网电量比例为97.01%。2025年上半年，公司实现平均售电单价356.49 元/千千瓦时（不含税），同比增加16.12元/千千瓦时（不含税），同比增长4.74%。 2025年上半年，公司煤炭产量实现694.80万吨，同比增长1.74%；煤炭外销量实现357.63万吨，同比增 长1.60%；煤炭销售平均单价完成314.04元/吨（不含税），同比减少102.75元/吨（不含税），同比下降 24.65%。 2025年上半年，受区域内新能源发电量增加，公司火电机组利用小时下降的影响，公司发电量完成 243.24亿千瓦时，较上年同期下降14.58%。市场化交易电量218.48亿千瓦时，占上网电量比例为 97.01%。公司售电单价由于火电综合收入上涨同比增加16.12元/千千瓦时（不含税），同比增长 4.74%。2025年上半年，公司煤炭产量同比增长1.74 ...

人民财讯7月30日电，内蒙华电（600863）7月30日晚间发布业绩快报，2025年上半年实现营业总收入 98.27亿元，同比下降8.75%；归母净利润15.57亿元，同比下降11.91%；基本每股收益0.23元。报告期 内，公司完成发电量243.24亿千瓦时，较上年同期下降14.58%；完成上网电量225.21亿千瓦时，较上年 同期下降14.58%。其中火电发电量完成223.76亿千瓦时，同比减少15.61%。主要原因是由于区域内新能 源发电量增加，公司火电机组调峰次数增加，使得火电机组利用小时下降。 ...

智通财经APP讯，内蒙华电(600863.SH)发布2025年半年度业绩快报，报告期内，公司实现营业总收入 98.27亿元，较上年同期减少8.75%;实现归属于上市公司股东的净利润15.57亿元，较上年同期减少 11.91%。 ...

[Key Financial Data and Indicators for the First Half of 2025](index=1&type=section&id=Key%20Financial%20Data%20and%20Indicators%20for%20the%20First%20Half%20of%202025) The company's total operating revenue for the first half of 2025 decreased by 8.75% year-on-year, while operating profit slightly increased by 0.74%; consequently, net profit attributable to shareholders decreased by 11.91% year-on-year, with basic earnings per share at 0.23 yuan, down 11.54%, while total assets and shareholders' equity saw a slight increase from the beginning of the period Key Financial Data and Indicators | Indicator | Current Period | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | **Income Statement Items** | | | | | Total Operating Revenue (Million Yuan) | 982.68 | 1,076.93 | -8.75% | | Operating Profit (Million Yuan) | 226.88 | 225.22 | 0.74% | | Total Profit (Million Yuan) | 226.62 | 227.48 | -0.37% | | Net Profit Attributable to Shareholders (Million Yuan) | 155.70 | 176.76 | -11.91% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Million Yuan) | 155.57 | 170.99 | -9.02% | | Basic Earnings Per Share (Yuan) | 0.23 | 0.26 | -11.54% | | Weighted Average Return on Net Assets | 8.91% | 10.59% | Down 1.68 percentage points | | **Balance Sheet Items** | **End of Current Period** | **Beginning of Current Period** | **Change (%)** | | Total Assets (Million Yuan) | 4,070.16 | 3,987.78 | 2.07% | | Shareholders' Equity Attributable to Parent Company (Million Yuan) | 1,811.21 | 1,789.77 | 1.20% | | Net Assets Per Share Attributable to Parent Company (Yuan) | 2.55 | 2.51 | 1.59% | [Explanation of Operating Performance and Financial Condition](index=2&type=section&id=Explanation%20of%20Operating%20Performance%20and%20Financial%20Condition) During the reporting period, the company's core operating performance was influenced by multiple factors; while power generation volume decreased due to new energy impact, higher electricity sales prices partially offset this, and the coal business saw stable volume but falling prices, leading to a decline in total operating revenue but a slight increase in operating profit and a decrease in net profit attributable to shareholders, while the company's financial condition remained stable with slight increases in total assets and shareholders' equity from the beginning of the period [Explanation of Operating Performance](index=2&type=section&id=Explanation%20of%20Operating%20Performance) During the reporting period, the company's thermal power generation and grid-connected electricity volume both decreased by approximately 14.6% year-on-year due to increased regional new energy generation; however, the average electricity sales price rose by 4.74% year-on-year due to increased peak-shaving services from thermal power units, while the coal business maintained stable production and sales but saw a significant 24.65% year-on-year decrease in average sales price due to market supply-demand and declining coal quality, and despite the revenue decline, Q2 net profit increased by 9.27% quarter-on-quarter, indicating performance improvement - Power generation volume decreased: The company completed **24.324 billion kWh** of power generation during the reporting period, a **14.58% year-on-year decrease**, primarily due to increased new energy generation in the region, leading to more peak-shaving operations and reduced utilization hours for the company's thermal power units[8](index=8&type=chunk) - Electricity sales price increased: The average electricity sales price was **356.49 yuan/1000 kWh** (excluding tax), a **4.74% year-on-year increase**, mainly benefiting from the comprehensive revenue growth driven by increased peak-shaving operations of thermal power units[8](index=8&type=chunk) - Coal business volume stable, price down: Coal production increased by **1.74%** year-on-year, and sales volume increased by **1.60%** year-on-year, indicating stable production and sales; however, the average coal sales price decreased by **24.65%** year-on-year due to declining coal quality and market price adjustments[9](index=9&type=chunk) - Q2 performance improved quarter-on-quarter: The company achieved **812.9961 million yuan** in net profit attributable to shareholders in the second quarter of 2025, a **9.27% increase** from the first quarter[10](index=10&type=chunk) [Explanation of Financial Condition](index=3&type=section&id=Explanation%20of%20Financial%20Condition) As of the end of the reporting period, the company's financial condition remained stable, with total assets increasing by 2.07% from the beginning of the period, and shareholders' equity attributable to the parent company and net assets per share also showing slight increases Financial Condition Summary | Indicator | End of Period (Million Yuan) | Beginning of Period (Million Yuan) | Change from Beginning of Period | | :--- | :--- | :--- | :--- | | Total Assets | 4,070.16 | 3,987.78 | +2.07% | | Shareholders' Equity Attributable to Parent Company | 1,811.21 | 1,789.77 | +1.20% | | Net Assets Per Share Attributable to Parent Company (Yuan) | 2.55 | 2.51 | +1.59% | [Risk Warning](index=3&type=section&id=Risk%20Warning) The company advises investors that the financial data in this performance express are preliminary calculations and have not been audited by an accounting firm; the final data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are urged to be aware of investment risks - The data in this announcement are preliminary and unaudited, and may differ from the final data disclosed in the company's 2025 semi-annual report[3](index=3&type=chunk)[12](index=12&type=chunk) - The company states that there are no significant uncertainties affecting the accuracy of this performance express[12](index=12&type=chunk)

报告期内，公司完成发电量243.24亿千瓦时，较上年同期下降14.58%；完成上网电量225.21亿千瓦时， 较上年同期下降14.58%。其中火电发电量完成223.76亿千瓦时，同比减少15.61%。主要原因是由于区域 内新能源发电量增加，公司火电机组调峰次数增加，使得火电机组利用小时下降。 格隆汇7月30日丨内蒙华电(600863.SH)公布2025年半年度业绩快报，报告期内，公司实现营业总收入 98.27亿元，较上年同期减少8.75%；实现归属于上市公司股东的净利润15.57亿元，较上年同期减少 11.91%；实现归属于上市公司股东的扣除非经常性损益的净利润15.56亿元，较上年同期减少9.02%；实 现基本每股收益0.23元，较上年同期减少11.54%。 ...

内蒙华电7月30日发布的2025年上半年度业绩快报显示，公司报告期内实现营业收入98.27亿元，同比下 降8.75%；归属于上市公司股东的净利润15.57亿元，同比下降11.91%；基本每股收益0.23元。 ...

内蒙华电（600863）发布业绩快报，上半年营业总收入98.27亿元，同比下降8.75%。净利润15.57亿 元，同比下降11.91%。报告期内，公司完成发电量243.24亿千瓦时，较上年同期下降14.58%；完成上网 电量225.21亿千瓦时，较上年同期下降14.58%。其中火电发电量完成223.76亿千瓦时，同比减少 15.61%。主要原因是由于区域内新能源发电量增加，公司火电机组调峰次数增加，使得火电机组利用 小时下降。 ...