HDECL(SH:600726) Xin Lang Cai Jing·2025-12-29 05:42Core Viewpoint - Huadian Energy's stock has experienced fluctuations, with a recent decline of 2.02% and a year-to-date increase of 5.68%, indicating volatility in its market performance [1]. Financial Performance - For the period from January to September 2025, Huadian Energy reported a revenue of 11.775 billion, a year-on-year decrease of 11.25%, and a net profit attributable to shareholders of 267 million, down 40.99% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 778 million, with no dividends distributed in the last three years [3]. Shareholder and Market Activity - As of September 30, 2025, the number of Huadian Energy shareholders decreased by 4.51% to 139,800, while the average number of circulating shares per person increased by 6.74% to 29,989 shares [2]. - The stock's trading activity shows a net outflow of 3.4297 million in principal funds, with significant selling pressure observed [1]. Business Overview - Huadian Energy, established on October 28, 1996, and listed on July 1, 1996, is primarily engaged in the sale of electricity (45.29% of revenue), coal (32.79%), and heat products (20.89%), with a minor contribution from engineering and other services [1]. - The company operates within the public utility sector, specifically in electricity generation, and is associated with various concepts such as low-cost energy, clean energy, and state-owned enterprise reform [1]. Institutional Holdings - As of September 30, 2025, notable institutional shareholders include Guotai Junan's Coal ETF, which increased its holdings by 27.2289 million shares, and other funds that have also adjusted their positions [3].