内蒙华电(600863) - 2025 Q2 - 季度业绩

Key Financial Data and Indicators for the First Half of 2025 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 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 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] - 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] - 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] - 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] Explanation of Financial Condition 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 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][12] - The company states that there are no significant uncertainties affecting the accuracy of this performance express[12]