Core Viewpoint - Huaneng Hydropower announced that it expects to achieve a power generation of 126.932 billion kWh in 2025, representing a year-on-year increase of 13.32% [1] Group 1: Power Generation and Supply - The expected power generation for 2025 is 1269.32 billion kWh, with a corresponding grid electricity supply of 1258.58 billion kWh, which is a year-on-year increase of 13.36% [1] - The increase in power generation is primarily attributed to a rise in electricity demand, particularly in Yunnan Province, and an increase in electricity transmission from the west to the east [1] - The full-capacity operation of TB Hydropower Station and Hardshell Hydropower Station significantly boosted the installed capacity of renewable energy, contributing to the increase in power generation [1] Group 2: Hydrological Conditions - The hydrological conditions in the Lancang River basin, specifically at the Nuozhadu section, showed a 15% increase in water inflow compared to the previous year [1] - The company maximized power generation during the main flood season, effectively releasing hydropower storage [1]

Core Insights - The company reported a revenue of 5.32 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 17.72% [1] - The net profit attributable to shareholders reached 1.43 billion yuan, marking a year-on-year increase of 37.13% [1] - The net profit excluding non-recurring gains and losses was 1.43 billion yuan, reflecting a year-on-year increase of 35.30% [1] Financial Performance - The increase in revenue and profit is primarily attributed to higher water inflow at the peak regulation hydropower plants, leading to an increase in power generation compared to the previous year [1] - As of the end of the reporting period, the company's total assets amounted to 56.20 billion yuan, which is an increase of 11.36% from the beginning of the year [1] - The equity attributable to shareholders was 22.42 billion yuan, showing a growth of 5.04% from the start of the year [1]