华能国际 (600011.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	225.7B	229.3B	245.6B	254.4B	246.7B
Cost of Revenue	183.8B	187.0B	208.4B	223.6B	239.2B
Gross Profit	41.9B	42.3B	37.2B	30.8B	7.5B
Operating Expenses
R&D Expense	1.9B	1.9B	1.7B	1.5B	1.6B
SG&A Expense	—	—	—	—	—
General & Admin Expense	7.3B	7.1B	6.8B	6.4B	5.6B
Selling & Marketing Expense	311.1M	315.4M	267.2M	238.0M	180.2M
Other Expenses	—	—	—	—	—
Total Operating Expenses	19.0B	18.9B	18.2B	18.7B	18.4B
Cost and Expenses	202.8B	205.8B	226.5B	242.3B	257.6B
Operating Income (EBIT)	23.3B	23.8B	18.7B	13.2B	(10.4B)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	23.1B	23.6B	18.1B	13.0B	(9.7B)
Income Tax Expense	4.1B	4.1B	4.0B	3.9B	382.2M
Bottom Line
Net Income	13.9B	14.4B	10.1B	8.4B	(7.4B)
Earnings from Cont. Ops	19.1B	19.5B	14.1B	9.1B	(10.1B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	13.9B	14.4B	10.1B	8.4B	(7.4B)
Per Share
Basic EPS	CN¥0.76	CN¥0.74	CN¥0.46	CN¥0.35	(CN¥0.61)
Diluted EPS	CN¥0.76	CN¥0.74	CN¥0.46	CN¥0.35	(CN¥0.61)
Revenue Per Share	CN¥12.59	CN¥11.78	CN¥11.14	CN¥10.54	CN¥20.37
Shares
Basic Shares Outstanding	17.9B	19.5B	22.0B	24.1B	12.1B
Diluted Shares Outstanding	17.9B	19.5B	22.0B	24.1B	12.1B
Profitability Metrics
EBITDA	—	50.6B	44.0B	37.9B	12.9B
D&A	—	26.8B	25.3B	24.7B	23.3B
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026