HUANENG LANCANG RIVER HYDROPOWER (600025) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 3.60% YoY to ¥7.958bn; attributable net profit increased 8.43% to ¥3.178bn.

• 9M revenue grew 2.25% YoY to ¥21.106bn, while attributable net profit edged up 0.19% to ¥7.554bn.

Financial highlights

• 9M total profit was ¥9.409bn, up 0.17% YoY; net income was ¥8.194bn versus ¥8.158bn.

• 9M adjusted attributable net profit was ¥7.532bn, down 0.28% YoY; Q3 adjusted attributable net profit was ¥3.198bn, up 9.22%.

• 9M operating cash flow rose 5.81% YoY to ¥15.670bn.

Key financial ratios and metrics

• 9M basic and diluted EPS were ¥0.39, down 2.50% YoY; Q3 EPS was ¥0.16, up 6.67%.

• 9M weighted average ROE was 10.19%, down 1.43 percentage points YoY; Q3 ROE was 4.28%, down 0.12 percentage points.

• Total assets were ¥232.859bn at quarter-end, up 2.71% from year-end 2025; parent equity was ¥89.262bn, up 8.91%.