China Power International Development Announces Interim Results: Net Profit Up 24.26% Year-on-Year to Approximately RMB 92.62 Billion

China Power International Development (00902) has announced its interim results for 2025, with revenue of approximately RMB 1120.32 billion, a year-on-year decrease of 5.7%; net profit attributable to shareholders of the listed company of approximately RMB 92.62 billion, an increase of 24.26% year on year; and basic earnings per share of RMB 0.5.

In the first half of the year, the company's thermal power segment had a pre-tax profit of approximately RMB 80.66 billion, an increase of RMB 35.60 billion year on year; the wind power segment had a pre-tax profit of approximately RMB 39.10 billion, a decrease of RMB 1.21 billion year on year; and the photovoltaic power segment had a pre-tax profit of approximately RMB 18.23 billion, an increase of RMB 5.78 billion year on year.

The announcement stated that revenue decreased by 5.70% year on year mainly due to the decrease in electricity sales and prices. The growth in net profit was primarily driven by the company's timely response to falling fuel prices, scientific management of long-term and spot coal purchases, further reducing fuel costs, and the thermal power segment seeing a year-on-year increase; secondly, the orderly expansion of new energy scale led to stable profits for the photovoltaic power segment.