China Yangtze Power (600900) H1 2025 earnings summary

Executive summary

• Achieved operating revenue of ¥36.70 billion in H1 2025, up 5.34% year-over-year; net profit reached ¥13.28 billion, up 14.60% year-over-year, driven by increased power generation from six cascade hydropower stations.

• Six major domestic hydropower stations generated 126.66 TWh, an increase of 6.03 TWh year-over-year.

• Maintained industry-leading safety and operational records, with zero unplanned outages and 100% maintenance quality rate.

• Continued expansion in pumped storage and international operations, with new projects advancing steadily.

Financial highlights

• Operating revenue: ¥36.70 billion, up 5.34% year-over-year.

• Net profit attributable to shareholders: ¥13.06 billion, up 14.86% year-over-year.

• Net cash flow from operating activities: ¥23.99 billion, up 4.21% year-over-year.

• Basic and diluted EPS: ¥0.5336, up 14.86% year-over-year.

• Total assets: ¥567.70 billion; net assets attributable to shareholders: ¥206.52 billion.

Outlook and guidance

• Focus on high-quality development of hydropower and pumped storage, with ongoing project investments.

• Parent company plans to increase shareholding by at least ¥4 billion and up to ¥8 billion over the next 12 months.

• No interim dividend or capital reserve transfer plan for the reporting period.