Huaneng Hydropower(SH:600025) Zheng Quan Ri Bao·2026-02-24 13:39Core Viewpoint - Huaneng Lancang River Hydropower Co., Ltd. plans to increase its shareholding through its controlling shareholder, China Huaneng Group, with an investment of 100 million to 150 million yuan, signaling confidence in the company's future development [2][4]. Group 1: Financial Performance - For the first three quarters of 2025, Huaneng Hydropower achieved a revenue of 20.641 billion yuan, a year-on-year increase of 6.30% [2]. - The net profit attributable to shareholders for the same period was 7.539 billion yuan, reflecting a year-on-year growth of 4.34% [2]. - The total power generation for 2025 reached 126.932 billion kWh, marking a 13.32% increase year-on-year, while the on-grid electricity volume was 125.858 billion kWh, up 13.36% year-on-year [2]. Group 2: Strategic Development - Huaneng Hydropower is transitioning into a comprehensive clean energy operator focusing on "water, wind, solar, and storage" integration, leveraging the advantages of the Lancang River basin [3]. - The company is developing a "double ten million kilowatt" clean energy base in the Lancang River basin, with a focus on the upstream development in Tibet [3]. - The RM hydropower station, currently under construction, will play a key role in the integrated scheduling of the hydropower resources in the region [3]. Group 3: Shareholder Confidence - Huaneng Hydropower has consistently provided stable returns to investors, with total dividends amounting to 22.364 billion yuan since its listing [4]. - The planned share increase by the controlling shareholder is seen as a strong support for the company's stock price and reflects high recognition of the company's intrinsic value [4].