华能水电 (600025.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	27.0B	26.6B	24.9B	23.5B	23.6B
Cost of Revenue	11.8B	11.4B	10.9B	10.2B	10.4B
Gross Profit	15.2B	15.2B	14.0B	13.2B	13.1B
Operating Expenses
R&D Expense	92.0M	96.8M	150.7M	187.2M	184.8M
SG&A Expense	—	—	—	—	—
General & Admin Expense	627.9M	611.9M	538.3M	542.5M	510.2M
Selling & Marketing Expense	68.1M	66.1M	63.6M	60.1M	53.6M
Other Expenses	—	—	—	—	—
Total Operating Expenses	4.7B	4.6B	3.9B	4.0B	4.4B
Cost and Expenses	16.4B	16.1B	14.8B	14.2B	14.8B
Operating Income (EBIT)	10.9B	10.8B	10.4B	9.4B	9.1B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	10.8B	10.8B	10.4B	9.4B	9.1B
Income Tax Expense	1.6B	1.6B	1.5B	1.2B	1.2B
Bottom Line
Net Income	8.5B	8.5B	8.3B	7.6B	7.2B
Earnings from Cont. Ops	9.2B	9.2B	8.9B	8.2B	8.0B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.5B	8.5B	8.3B	7.6B	7.2B
Per Share
Basic EPS	CN¥0.45	CN¥0.45	CN¥0.44	CN¥0.40	CN¥0.37
Diluted EPS	CN¥0.45	CN¥0.45	CN¥0.44	CN¥0.40	CN¥0.37
Revenue Per Share	CN¥1.40	CN¥1.41	CN¥1.32	CN¥1.23	CN¥1.21
Shares
Basic Shares Outstanding	19.3B	18.9B	18.9B	19.1B	19.6B
Diluted Shares Outstanding	19.3B	18.9B	18.9B	19.1B	19.6B
Profitability Metrics
EBITDA	—	18.1B	16.6B	15.3B	15.2B
D&A	—	7.2B	6.2B	5.8B	6.1B
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