华能水电(600025) - 2017 Q4 - 年度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders for 2017 to increase by approximately 1,591.83 million to 1,692.83 million CNY, representing a year-on-year increase of 313% to 333%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by approximately 1,628.32 million to 1,729.32 million CNY, reflecting a year-on-year increase of 162% to 172%[3] - The net profit for the previous year was 508.17 million CNY, and the net profit after deducting non-recurring gains and losses was 1,007.71 million CNY[5] Factors Influencing Performance - The increase in performance is primarily due to a significant rise in electricity demand, with a 14.43% increase in power generation and an 8.2% increase in annual water volume in the Lancang River basin compared to the previous year[6] - The company experienced a more than 200% increase in operating tax refunds compared to the previous year, contributing to the growth in revenue and total profit[6] Forecast and Reconciliation - The company is currently undergoing income tax reconciliation, which may affect the accuracy of the performance forecast data, but the impact on profit is expected to be minimal[7] - The forecast data is preliminary and subject to final audited financial results to be disclosed in the 2017 annual report[8]