乐山电力2025年度归母净利润2340.23万元，同比增长3.68%

Core Viewpoint - Leshan Electric Power (600644.SH) reported a total operating revenue of 3.395 billion yuan for the fiscal year 2025, reflecting a year-on-year growth of 6.24%. The net profit attributable to shareholders was 23.4023 million yuan, an increase of 3.68% year-on-year [1] Financial Performance - The net profit attributable to shareholders, after deducting non-recurring gains and losses, decreased by 3.31 million yuan, representing a decline of 48.52% year-on-year [1] - The previous year's comparison base was relatively low at 6.8212 million yuan [1] - The increase in gas purchase costs due to adjustments in pricing structures by upstream supplier PetroChina and the implementation of low valley electricity prices for residential use by local power grids contributed to a reduction in electricity gross profit [1] Operational Measures - The company implemented measures such as increasing supply and expanding sales externally, as well as enhancing internal efficiency through cost reduction and loss mitigation to counteract adverse impacts [1] - Despite these efforts, operational profits still showed a decrease compared to the same period last year [1] Asset Management - The company strengthened the management of receivables, recovering amounts subject to individual impairment testing, and increased the disposal of non-current assets, which contributed to the year-on-year increase in net profit attributable to shareholders [1]