智通财经网·2025-10-30 02:54Core Viewpoint - Huadian International (01071) reported a mixed financial performance for the first three quarters of 2025, with a decline in revenue but an increase in net profit, leading to a positive market reaction with a stock price increase of over 4% [1] Financial Performance Summary - For the first three quarters, the company achieved revenue of 95.872 billion yuan, a year-on-year decrease of 9.72% [1] - The net profit attributable to shareholders was 6.437 billion yuan, reflecting a year-on-year increase of 15.87% [1] - In the third quarter alone, the company reported revenue of 35.920 billion yuan, down 10.92% year-on-year [1] - The net profit for the third quarter was 2.533 billion yuan, showing a year-on-year increase of 20.32% [1] Market and Operational Insights - According to Shenwan Hongyuan, the decline in electricity generation has narrowed in the third quarter, and electricity prices have remained relatively stable [1] - The company is expected to see a continuous improvement in profit per unit of thermal power generation, as the reduction in costs outpaces the decline in electricity prices [1] - With improvements in both the marginal profitability and overall profitability of thermal power generation, the company's performance is expected to stabilize and recover [1]