China Yangtze Power (600900) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 18.06 billion, down 7.86% year-over-year; net profit attributable to shareholders was RMB 15.14 billion, down 9.16% year-over-year.

• For the first nine months, revenue reached RMB 65.74 billion, a 0.89% decrease year-over-year; net profit attributable to shareholders was RMB 28.19 billion, up 0.60% year-over-year.

• The company underwent a merger under common control, with comparative financial data restated accordingly.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.6186, down 9.16% year-over-year; for the first nine months, EPS was RMB 1.1522, up from RMB 1.1454.

• Operating cash flow for the first nine months was RMB 42.90 billion, down 9.98% year-over-year.

• Total assets at quarter-end were RMB 568.77 billion, up 0.42% from year-end; equity attributable to shareholders was RMB 221.11 billion, up 5.14%.

Outlook and guidance

• The controlling shareholder announced a plan to increase its stake by at least RMB 4 billion and up to RMB 8 billion over the next 12 months, reflecting confidence in future development.