Section I Definitions 1.1 Definitions of Common Terms This section defines key terms, company names, regulatory bodies, industry-specific terminology, and major subsidiaries for clarity - Defines "Company" and "the Company" as Huadian Energy Co., Ltd13 - Defines regulatory bodies such as "CSRC" (China Securities Regulatory Commission) and "SSE" (Shanghai Stock Exchange)13 - Defines power industry terms including "installed capacity," "power generation," and "utilization hours"13 - Lists major related parties and subsidiaries, such as Huadian Group, Huadian Coal Industry, and Jinxing Company13 Section II Company Profile and Key Financial Indicators 2.1 Company Information Discloses the company's official names, abbreviations, and legal representative details - Company's Chinese name: 华电能源股份有限公司 (Huadian Energy Co., Ltd)15 - Company's Legal Representative: Lang Guomin15 2.2 Contact Persons and Information Provides contact details for the Board Secretary and Securities Affairs Representative - Board Secretary: Fu Lulu16 - Securities Affairs Representative: Yu Miao16 2.3 Changes in Basic Information Details the company's registered and office addresses, noting no changes to the registered address during the period - Company's registered address: Building B, No. 19, High-tech Development Zone, Xiangfang District, Harbin City17 - Company's office address: No. 209 Dacheng Street, Nangang District, Harbin City17 2.4 Information Disclosure and Document Custody Location Changes Lists designated newspapers, website, and custody location for information disclosure - Information disclosure newspapers: "Shanghai Securities News," "China Securities Journal," "Hong Kong Commercial Daily"19 - Report website: www.sse.com.cn[19](index=19&type=chunk) 2.5 Company Stock Profile Presents listing exchange, stock abbreviations, and codes for the company's A and B shares - A-shares: Shanghai Stock Exchange, Huadian Energy, 60072620 - B-shares: Shanghai Stock Exchange, Huadian B-share, 90093720 2.6 Key Accounting Data and Financial Indicators Discloses H1 2025 key accounting data and financial indicators, showing decreased revenue and net profit but increased operating cash flow 2025 H1 Key Accounting Data | Indicator | Current Period (Jan-Jun) (RMB) | Prior Year Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 8,284,489,873.35 | 9,294,386,949.07 | -10.87 | | Total Profit | 1,043,932,530.10 | 1,638,740,992.34 | -36.30 | | Net Profit Attributable to Shareholders | 458,102,773.28 | 629,594,542.11 | -27.24 | | Net Cash Flow from Operating Activities | 865,693,090.18 | 809,973,977.62 | 6.88 | | Net Assets Attributable to Shareholders (Period-end) | 4,251,393,827.69 | 3,716,291,825.68 | 14.40 | | Total Assets (Period-end) | 29,682,766,129.22 | 30,000,646,542.99 | -1.06 | 2025 H1 Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.06 | 0.08 | -25.00 | | Diluted Earnings Per Share (RMB/share) | 0.06 | 0.08 | -25.00 | | Basic EPS Excluding Non-Recurring Items (RMB/share) | 0.05 | 0.06 | -16.67 | | Weighted Average Return on Net Assets (%) | 11.50 | 16.33 | Decrease of 4.83 percentage points | | Weighted Average ROE Excluding Non-Recurring Items (%) | 9.36 | 11.33 | Decrease of 1.97 percentage points | 2.7 Non-Recurring Gains and Losses Items and Amounts Details non-recurring gains and losses items and their amounts, totaling RMB 85,021,239.00 2025 H1 Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 49,701,299.72 | | Government grants recognized in current profit or loss | 32,274,875.43 | | Gains or losses from debt restructuring | -407,967.00 | | Other non-operating income and expenses apart from the above | 11,630,634.87 | | Less: Income tax impact | -63,495.57 | | Minority interest impact (after tax) | 8,241,099.59 | | Total | 85,021,239.00 | Section III Management Discussion and Analysis 3.1 Industry and Principal Business Overview During the Reporting Period Reviews H1 2025 power and coal industry trends, including electricity consumption, generation structure, market reforms, and coal prices, alongside the company's revenue breakdown - Total electricity consumption in H1 2025 reached 4,841.8 billion kWh, a year-on-year increase of 3.7%27 - As of June 2025, national power generation installed capacity reached 3.65 billion kW, up 18.7% year-on-year, with rapid growth in solar and wind power28 - Heilongjiang Province's total installed power generation capacity was 54.31 million kW, with thermal power accounting for 47.54%, wind power 32.31%, and photovoltaic 15.82%28 - National coal output in H1 was 2.40 billion tons, up 5.4% year-on-year; coal imports were 222 million tons, down 11.1% year-on-year30 - The company's H1 coal sales revenue was RMB 2.716 billion, down 27.49% year-on-year; electricity sales revenue was RMB 3.752 billion, up 2.91%; heating sales revenue was RMB 1.730 billion, down 4.38%31 3.2 Discussion and Analysis of Operations Management reviews H1 2025 operating results, highlighting progress in safety, energy supply, efficiency, green transition, and innovation - The company implemented a three-year action plan for fundamental safety production improvements, achieving "zero unplanned outages" and successfully completing critical period supply tasks34 - Innovative application of "intelligent sensing + big data analysis + AI decision-making" technology improved equipment health34 - Through long-term electricity market transactions, enhanced unit peak output, and leveraging electric boilers for peak shaving, the company obtained 330 million kWh in compensation for shut-down units, RMB 258 million in capacity charges, and RMB 235 million in deep peak-shaving ancillary service revenue35 - Fuel costs decreased by RMB 55.90 per ton, saving RMB 228 million; direct heating consumption decreased, saving nearly RMB 50 million in fuel costs35 - Actively advanced the Harbin Third Power Plant's 660 MW "replace small with large" combined heat and power project and a 700 MW integrated joint venture new energy project, accelerating green transformation36 - As of June 30, 2025, the company completed power generation of 10.101 billion kWh, on-grid power of 8.631 billion kWh, with an average on-grid electricity price (tax inclusive) of RMB 480.4 per MWh37 - Coal production was 5.6731 million tons, with sales of 5.7420 million tons37 3.3 Analysis of Core Competencies During the Reporting Period The company's core competencies include installed capacity, safety management, CHP, coal resources, power sales, skilled workforce, and governance - Installed capacity structure advantage: As Heilongjiang Province's largest combined heat and power enterprise, the company optimizes its coal power installed capacity structure and actively promotes new energy projects, forming a mutually supportive and complementary energy structure39 - Safety production management advantage: Strengthens corporate responsibility for safety production and enhances emergency response capabilities through a three-year action plan39 - Combined heat and power (CHP) centralized heating advantage: As a core heating enterprise in major cities within Heilongjiang Province, the company benefits from abundant market resources and stable heating demand40 - High-quality and abundant coal resources advantage: Its subsidiary Jinxing Company's Xiaojiawa Coal Mine holds 1.18221 billion tons of geological resources and 700.45 million tons of recoverable reserves40 - Power sales operations and service advantage: Continuously strengthens power sales business, expands user development channels, and explores demand-side response and virtual power plant services40 - High-caliber workforce advantage: Builds a comprehensive and diversified talent development system to cultivate high-quality, versatile professionals41 - Standardized and robust corporate governance system advantage: Strictly adheres to laws and regulations, improves internal control systems, and strengthens investor relations management41 3.4 Key Operating Performance During the Reporting Period Analyzes changes in financial statement items, asset-liability, and investment, explaining variances and disclosing subsidiary operating performance - Operating revenue decreased by 10.87%, primarily due to lower coal sales prices42 - Operating costs decreased by 6.54%, mainly due to reduced fuel costs and coal sales costs43 - Financial expenses decreased by 7.27%, achieved through adjusting financing structure and replacing high-interest loans45 - Net cash flow from operating activities increased by 6.88%, primarily due to reduced fuel procurement expenditures46 - Net cash flow from investing activities was -RMB 991.18 million, mainly due to increased capital expenditure for infrastructure and technical upgrades47 - Construction in progress increased by 36.02% at period-end, primarily due to increased expenditures on infrastructure projects50 - Contract liabilities decreased by 77.35% at period-end, mainly due to the recognition of prepaid heating fees as revenue50 - Long-term borrowings increased by 39.43% at period-end, primarily due to an increase in credit loans50 - The company's long-term equity investments at period-end totaled RMB 805 million, an increase of RMB 4 million from the beginning of the year, mainly due to increased profitability of associate companies54 - Major subsidiary Shanxi Jinxing Energy Co., Ltd. achieved a net profit of RMB 710.75 million in H159 3.5 Other Disclosures Discloses five major risks: power market, heating market, coal market, safety/environmental, and capital market, with corresponding mitigation strategies - Power industry and market risks: Heilongjiang power grid faces oversupply, low marginal costs of new energy may depress thermal power transaction prices, and electricity spot market price volatility is increasing59 - Countermeasures: Optimize economic operation management, formulate medium-to-long-term market transaction strategies, enhance unit flexibility, and explore spot market profitability models60 - Heating market risks: Government adjustment of heating guidance prices in the heating service area is unlikely, and the company's heating business continues to face losses60 - Countermeasures: Strengthen grid-source coordination and strive for policy support and heating subsidies60 - Coal market risks: Tightening national environmental, safety, and capacity control policies lead to difficulties in matching coal supply and demand, resulting in significant market fluctuations60 - Countermeasures: Strengthen market research, enhance coal-power integration, optimize customer structure, and seek environmental subsidies and green credit61 - Safety and environmental risks: Some units are older, environmental facilities have long operating times, potentially increasing environmental investment costs61 - Countermeasures: Strictly implement safety production measures, increase investment in environmental equipment governance, and ensure environmental risks are controllable61 - Capital market risks: Due to local government and state-owned enterprise debt defaults, financial institutions have stricter lending standards, potentially leading to temporary funding shortages for the company61 - Countermeasures: Strengthen policy analysis, systematically calculate funding needs, match reasonable financing structures, and secure sufficient credit lines62 Section IV Corporate Governance, Environment, and Social Responsibility 4.1 Changes in Directors, Supervisors, and Senior Management Reports changes in board members, including the departure of Director Qi Chongyong and Chief Legal Counsel Li Xijin, and the election and role adjustment of Zhu Feng'e - Director Qi Chongyong resigned, and Zhu Feng'e was elected as a director of the company's eleventh board of directors65 - Li Xijin no longer serves as the company's Chief Legal Counsel65 - Zhu Feng'e was appointed as a member of the company's eleventh board of directors' Strategy Committee65 4.2 Profit Distribution or Capital Reserve Conversion Plan The company will not distribute profits or convert capital reserves into share capital during the reporting period - The company will not distribute profits during the reporting period66 - No conversion of capital reserves into share capital66 4.3 Environmental Information of Listed Companies and Major Subsidiaries Included in the Legally Mandated Environmental Information Disclosure List Nine subsidiaries are on the environmental information disclosure list, with an index for one subsidiary's report - Number of enterprises included in the legally mandated environmental information disclosure list: 968 - The environmental information disclosure report for Heilongjiang Huadian Qiqihar Thermal Power Co., Ltd. can be found at http://111.40.190.123:8082/eps/index[68](index=68&type=chunk) 4.4 Specific Progress in Consolidating Poverty Alleviation Achievements and Rural Revitalization The company continues to fulfill social responsibilities, supporting poverty alleviation and rural revitalization through consumer and financial aid - Completed consumer assistance totaling RMB 4.0642 million in H1 202569 - Holding subsidiary Shanxi Jinxing Energy Co., Ltd. provided RMB 4 million in assistance funds to Xingxian Huimin Breeding Co., Ltd69 Section V Significant Matters 5.1 Fulfillment of Commitments Details commitments by the actual controller, shareholders, related parties, and the company, including property rights, competition, related transactions, and share lock-ups, and their fulfillment status - Huadian Energy Co., Ltd. committed to cash compensation for losses due to property title defects of Tieling Company, a long-term commitment that has been fulfilled71 - China Huadian Corporation Limited committed to providing true, accurate, and complete transaction information and ensuring independence, a long-term commitment that has been fulfilled727374 - China Huadian Corporation Limited committed to resolving horizontal competition issues, planning to inject operational coal mines into the listed company within five years, a long-term commitment that has been fulfilled808182 - China Huadian Corporation Limited and Shanxi Jinxing Energy Co., Ltd. committed to promoting the land use right certificate application for the Xiaojiawa Coal Mine and Coal Preparation Plant projects, with the completion deadline extended to December 31, 2027848594 - Huadian Coal Industry Group Co., Ltd. committed not to transfer shares acquired through this asset purchase by share issuance for 36 months from the issuance completion date, a commitment that has been fulfilled100101 5.2 Major Litigation and Arbitration Matters Discloses a major lawsuit where the company sought RMB 18.96 million in losses, with judgments upholding the claim - The company filed a lawsuit against Deqing County Yusheng Grain and Oil Co., Ltd. and others, seeking RMB 18.96 million in losses120 - Harbin Intermediate People's Court ruled in the first instance that Ma Hongxiang should pay the company RMB 18.96 million plus interest120 - Heilongjiang Provincial High People's Court upheld the original judgment in the second instance, rejecting the company's appeal121 5.3 Major Related Party Transactions Lists significant related party transactions, including deposits, loans, factoring, coal sales/purchases, and other services - The company's maximum daily deposit balance at Huadian Finance Co. is expected to not exceed RMB 9 billion, with the actual maximum balance in the reporting period being RMB 5.7 billion122 - The company obtained a comprehensive credit line of up to RMB 9 billion from Huadian Finance Co., with no new credit lines added during the reporting period122 - The company conducted factoring business with Huadian Commercial Factoring (Tianjin) Co., Ltd., with actual transactions totaling RMB 920 million during the reporting period123 - The company sold coal to Huadian Coal Industry Group Marketing Co., Ltd. and its affiliates, with actual transaction value of RMB 1.433 billion during the reporting period123 - The company purchased technical renovation and infrastructure projects from Huadian Group subsidiaries, with actual expenditures of RMB 70.72 million during the reporting period123 2025 H1 Deposit Business with China Huadian Group Finance Co., Ltd | Related Party | Max Daily Deposit Limit (RMB) | Deposit Interest Rate Range | Beginning Balance (RMB) | Total Deposits This Period (RMB) | Total Withdrawals This Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | China Huadian Group Finance Co., Ltd | 9,000,000,000 | 0.06%-1.29% | 2,866,656,168.18 | 18,561,334,470.88 | 19,166,030,557.36 | 2,261,960,081.70 | 2025 H1 Loan Business with China Huadian Group Finance Co., Ltd | Related Party | Loan Limit (RMB) | Loan Interest Rate Range | Beginning Balance (RMB) | Total Loans This Period (RMB) | Total Repayments This Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | China Huadian Group Finance Co., Ltd | 3,500,000,000 | 2.25%-3% | 1,369,000,000 | 300,000,000 | 508,000,000 | 1,161,000,000 | Section VI Share Changes and Shareholder Information 6.1 Share Capital Changes The company's total share capital and equity structure remained unchanged during the reporting period - The company's total share capital and equity structure remained unchanged during the reporting period135 6.2 Shareholder Information Discloses total shareholders, top ten shareholders, and unrestricted shareholders, including major shareholder relationships - As of the end of the reporting period, total common shareholders were 146,423, with 97,785 A-share holders and 48,638 B-share holders137 - Huadian Coal Industry Group Co., Ltd. holds 4,727,991,374 shares, accounting for 59.79%, classified as restricted shares138 - China Huadian Corporation holds 1,700,583,482 shares, accounting for 21.51%, classified as unrestricted tradable shares138 - China Huadian Corporation Limited is the ultimate controlling party of Huadian Coal Industry Group Co., Ltd138 - Huadian Coal Industry Group Co., Ltd. has a 36-month lock-up period for shares acquired through new share placement141 6.3 Directors, Supervisors, and Senior Management Information Details shareholding changes for directors, supervisors, and senior management, noting no equity incentive plans - During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management143 - The company has no equity incentive plans, employee stock ownership plans, or other employee incentive measures143 Section VII Bond-Related Information 7.1 Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments The company had no corporate bonds or non-financial enterprise debt financing instruments during the reporting period - The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments144 7.2 Convertible Corporate Bonds The company had no convertible corporate bonds during the reporting period - The company had no convertible corporate bonds144 Section VIII Financial Report 8.1 Audit Report This semi-annual report is unaudited - This semi-annual report is unaudited4 8.2 Financial Statements Presents consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2025 - Consolidated balance sheet shows total assets of RMB 29.683 billion and net assets attributable to listed company shareholders of RMB 4.251 billion as of June 30, 20257678 - Consolidated income statement shows operating revenue of RMB 8.284 billion and net profit attributable to parent company shareholders of RMB 458 million for Jan-Jun 202583 - Consolidated cash flow statement shows net cash flow from operating activities of RMB 866 million for Jan-Jun 202589 8.3 Company Profile Introduces Huadian Energy Co., Ltd.'s establishment, history, equity structure, legal representative, and main business scope - The company was established on February 2, 1993, and approved as a Sino-foreign joint stock limited company on October 16, 1996185 - In 2022, the company completed a major asset restructuring and supporting financing, issuing shares to Huadian Coal Industry Group Co., Ltd. to acquire 51.00% equity in Shanxi Jinxing Energy Co., Ltd188 - As of June 30, 2025, the company's total share capital was 7.9073362 billion shares, with Huadian Coal Industry Group Co., Ltd. holding 59.79% as the parent company, and China Huadian Corporation holding 21.51% as the ultimate controlling party189 - The company primarily engages in power generation, heating, coal sales, and other related businesses190 8.4 Basis of Financial Statement Preparation Financial statements are prepared on a going concern basis, adhering to accounting standards, with no doubts about future operations - Financial statements are prepared on a going concern basis, complying with enterprise accounting standards191 - There are no matters or circumstances that raise significant doubts about the company's ability to continue as a going concern for the next 12 months from the end of the reporting period192 8.5 Significant Accounting Policies and Estimates Details significant accounting policies and estimates for business combinations, financial instruments, impairment, assets, revenue, and government grants - The company adheres to the latest Enterprise Accounting Standards, their application guidelines, interpretations, and other relevant regulations issued by the Ministry of Finance193 - Financial assets are classified as measured at amortized cost, at fair value through other comprehensive income (debt and equity instruments), and at fair value through profit or loss212 - Financial asset impairment recognizes loss provisions based on expected credit losses, using either a general model or a simplified model225230 - Fixed assets are depreciated using the straight-line method, while mine buildings use the production method274 - Intangible assets, such as land use rights and mining rights, are amortized using the straight-line method or the production method279 - Revenue is recognized when the customer obtains control of the related goods, primarily including electricity, heating, coal sales revenue, and construction services305313314 8.6 Taxation Discloses main tax types, rates, and tax incentives, including VAT, income tax, and resource tax - The company's main tax types include Value-Added Tax (3%-13%), Enterprise Income Tax (15% or 25%), and Resource Tax (6.5% or 8%)339340 - Heating fee income from residential individuals is exempt from VAT, and related factory buildings and land are exempt from property tax and urban land use tax342 - Heilongjiang Longdian Electric Co., Ltd. and Beijing Longdian Hongtai Environmental Protection Technology Co., Ltd. are recognized as high-tech enterprises, applying a 15% enterprise income tax rate342 8.7 Notes to Consolidated Financial Statement Items Provides detailed notes for consolidated financial statement items, including cash, receivables, assets, liabilities, revenue, and cash flow - Period-end monetary funds totaled RMB 2.755 billion, of which RMB 560 million were restricted344 - Accounts receivable at period-end totaled RMB 1.895 billion, with bad debt provisions of RMB 324 million354 - Inventories at period-end totaled RMB 1.173 billion, including RMB 1.032 billion in coal and fuel oil398 - Fixed assets had a book value of RMB 14.775 billion, and construction in progress had a book value of RMB 1.385 billion426436 - Short-term borrowings were RMB 5.910 billion, and long-term borrowings were RMB 7.006 billion471505 - Retained earnings at period-end were -RMB 4.960 billion528 - Operating revenue was RMB 8.284 billion, and operating cost was RMB 6.542 billion530 - Net cash flow from operating activities was RMB 866 million565 8.8 Research and Development Expenses Discloses R&D expenses for the period, primarily staff costs, depreciation, amortization, and technical service fees, all expensed - Total R&D expenditure for the current period was RMB 1.701 million, all recognized as expenses572 - Key R&D expenditure components include RMB 1.044 million for staff costs and RMB 511,705.64 for technical service fees572 8.9 Changes in Consolidation Scope No changes in consolidation scope occurred during the reporting period due to business combinations or loss of control - No non-same-control business combinations occurred during the reporting period573 - No same-control business combinations occurred during the reporting period573 - No disposal of subsidiaries resulting in loss of control occurred during the reporting period574 8.10 Interests in Other Entities Details the company's group structure, including major subsidiaries and associates, their operations, and key financial information - The company owns multiple wholly-owned and controlled subsidiaries, with businesses spanning electricity and heat production, fuel transportation and sales, coal mining, manufacturing, and engineering construction576577 - Significant non-wholly-owned subsidiary Shanxi Jinxing Energy Co., Ltd. has a 49% minority interest, with RMB 348 million of profit attributable to minority shareholders this period580 - Significant associate Beijing Huake Hengji Digital Technology Co., Ltd. has a 47.30% shareholding and is accounted for using the equity method584 8.11 Government Grants No government grants were recognized as receivables, liabilities, or in current profit or loss at the reporting period end - No government grants recognized as receivables at the end of the reporting period588 - No liabilities related to government grants588 - No government grants recognized in current profit or loss588 8.12 Risks Related to Financial Instruments The company did not engage in hedging, apply hedge accounting, or transfer financial assets during the reporting period - The company did not engage in hedging activities for risk management589 - The company did not apply hedge accounting589 - The company had no financial asset transfers589 8.13 Fair Value Disclosures No assets or liabilities were measured at fair value, and no fair value measurement details or changes in valuation techniques were reported - No assets or liabilities measured at fair value at the end of the reporting period590 - No market price determination basis, valuation techniques, or significant parameters for continuous and non-continuous Level 1, Level 2, and Level 3 fair value measurement items590 - No changes in valuation techniques or reasons for changes590 8.14 Related Parties and Related Party Transactions Details related parties and transactions, including sales, purchases, services, leases, and fund transfers, along with unsettled items - The parent company is Huadian Coal Industry Group Co., Ltd., and the ultimate controlling party is China Huadian Corporation Limited591 - The company has related party transactions for goods sales and purchases, and provision and acceptance of services with multiple related parties, such as selling coal to Huadian Coal Industry Group Marketing Co., Ltd. and its Beijing branch595598 - The company, as a lessee, leases houses and buildings from Longdian Group Co., Ltd. and Heilongjiang Longdian Property Management Co., Ltd601 - The company has fund transfers with related parties such as Huadian Commercial Factoring (Tianjin) Co., Ltd. and China Huadian Group Finance Co., Ltd604605 - Of the period-end monetary funds, RMB 2.262 billion was deposited with China Huadian Group Finance Co., Ltd607 8.15 Share-Based Payments No equity instruments, equity-settled, or cash-settled share-based payments, expenses, or modifications occurred during the period - No equity instruments during the reporting period617 - No equity-settled share-based payments617 - No cash-settled share-based payments617 8.16 Commitments and Contingencies No significant commitments were reported, but pending legal lawsuits are not expected to have a material impact - No significant commitments during the reporting period617 - The company has several pending legal lawsuits arising from normal operations, which management believes will not have a material impact617 8.17 Events After the Balance Sheet Date No significant non-adjusting events, profit distribution, or sales returns occurred after the balance sheet date - No significant non-adjusting events during the reporting period618 - No profit distribution occurred618 - No sales returns occurred618 8.18 Other Significant Matters No prior period error corrections, debt restructurings, asset exchanges, or discontinued operations, but an annuity plan was established - The company established an annuity plan, combining employer and employee contributions619 - No prior period accounting error corrections during the reporting period619 - No significant debt restructurings619 8.19 Notes to Parent Company Financial Statement Items Provides detailed notes for parent company financial statement items, including receivables, long-term equity investments, and impairment provisions - Parent company accounts receivable at period-end totaled RMB 1.408 billion, with bad debt provisions of RMB 231 million624 - Parent company other receivables at period-end totaled RMB 104 million, including RMB 103 million in entrusted loans639 - Parent company long-term equity investments had a period-end book value of RMB 5.472 billion, comprising RMB 4.917 billion in subsidiaries and RMB 555 million in associates and joint ventures648 8.20 Supplementary Information Provides supplementary information on non-recurring gains/losses, ROE, and EPS, confirming no accounting data differences between standards - Total non-recurring gains and losses for the current period amounted to RMB 85.02 million661 - Weighted average return on net assets attributable to common shareholders was 11.50%, with basic earnings per share of RMB 0.06661 - The company has no differences in accounting data under domestic and international accounting standards662
华电能源(600726) - 2025 Q2 - 季度财报