大唐国际发电股份有限公司2025年度业绩预增公告

Core Viewpoint - The company, Datang International Power Generation Co., Ltd., expects a significant increase in net profit for the year 2025, projecting a net profit attributable to shareholders of approximately 6.8 billion to 7.8 billion RMB, representing a year-on-year increase of about 51% to 73% [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of 6.8 billion to 7.8 billion RMB for 2025, an increase of 2.294 billion to 3.294 billion RMB compared to the previous year [4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 7.2 billion and 8.2 billion RMB, reflecting a year-on-year increase of approximately 60% to 82% [2][4]. Group 2: Previous Year Performance - In the previous year, the net profit attributable to shareholders was 4.506 billion RMB, while the net profit after excluding non-recurring gains and losses was 4.504 billion RMB [6]. Group 3: Reasons for Performance Increase - The company has been implementing a "market-oriented, profit-centered" operational strategy, which has effectively enhanced operational performance [8]. - The decline in market coal prices has provided cost benefits, significantly improving the profitability of the core thermal power business [8]. - The company is advancing its green transition, with an increase in installed capacity for wind and solar energy, contributing positively to profit [8]. - Financial strategies, including optimizing debt structure and reducing financing costs, have further supported annual performance growth [8]. Group 4: Electricity Generation and Capacity - As of December 31, 2025, the company completed approximately 273.1092 billion kWh of electricity generation, a year-on-year increase of about 1.41% [13]. - The average on-grid electricity price was approximately 434.82 RMB per MWh, reflecting a year-on-year decrease of about 3.68% [13]. - The total installed capacity reached 86,192.081 MW, with significant contributions from coal-fired, hydro, wind, and solar power [14].