Zhi Tong Cai Jing·2025-08-28 11:20Core Viewpoint - Huadian International Power Co., Ltd. reported a decrease in total operating revenue but an increase in net profit for the six months ending June 30, 2025, indicating a mixed performance amid challenges in the power generation sector [1]. Financial Performance - Total operating revenue for the period was RMB 59.953 billion, a year-on-year decrease of 8.98% [1]. - Net profit attributable to shareholders was RMB 3.904 billion, reflecting a year-on-year increase of 13.15% [1]. - Basic earnings per share were RMB 0.33, with an interim dividend proposed at RMB 0.09 per share (tax included) [1]. Operational Metrics - The total power generation was approximately 120.62 million MWh, a decrease of about 6.41% compared to the adjusted figures from the previous year [2]. - The total on-grid electricity was 113.29 million MWh, down approximately 6.46% from the adjusted figures of the previous year [2]. - Average utilization hours for power generation units were 1,595 hours, a decrease of about 115 hours from the adjusted figures of the previous year [2]. - Coal-fired generation units had an average utilization of 1,815 hours, down about 182 hours from the adjusted figures of the previous year [2]. - Gas-fired generation units had an average utilization of 973 hours, down about 32 hours from the adjusted figures of the previous year [2]. - Hydropower generation units saw an increase in utilization hours to 1,593 hours, up about 237 hours from the adjusted figures of the previous year [2]. Cost and Pricing - The coal consumption for power supply was 280.05 grams/kWh, significantly better than the national average [2]. - The on-grid electricity price was RMB 516.80 per MWh, a decrease of about 1.44% from the adjusted figures of the previous year [2]. - The price of standard coal for power generation was RMB 850.74 per ton, down approximately 12.98% from the adjusted figures of the previous year [2].