HUANENG LANCANG RIVER HYDROPOWE

HUANENG LANCANG RIVER HYDROPOWE — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	24.9B	23.5B	23.6B	22.7B	19.3B	20.8B	15.5B	12.8B	11.6B	13.0B	15.6B	13.6B	10.3B	8.9B	7.9B	4.2B	2.5B	1.1B	714.0M	854.0M
Revenue Growth %	6.1%	-0.5%	3.9%	17.9%	-7.4%	34.1%	20.8%	11.2%	-10.9%	-17.0%	14.9%	31.9%	16.0%	12.3%	90.0%	64.1%	132.1%	52.9%	-16.4%	--
Total Revenue	24.9B	23.5B	23.6B	22.7B	19.3B	20.8B	15.5B	12.8B	11.6B	13.0B	15.6B	13.6B	10.3B	8.9B	7.9B	4.2B	2.5B	1.1B	714.0M	854.0M
Cost Of Revenue	10.9B	10.2B	10.4B	10.4B	9.0B	9.1B	7.6B	6.7B	6.4B	6.6B	6.5B	5.4B	4.8B	4.7B	4.3B	2.8B	1.8B	701.0M	431.0M	481.0M
+Gross Profit	14.0B	13.2B	13.1B	12.3B	10.2B	11.7B	7.9B	6.1B	5.1B	6.4B	9.1B	8.2B	5.5B	4.1B	3.6B	1.4B	764.0M	391.0M	283.0M	373.0M
Gross Margin %	56.1%	56.4%	55.7%	54.1%	53.2%	56.1%	50.9%	47.5%	44.4%	49.1%	58.6%	60.1%	53.6%	46.7%	45.9%	33.8%	30.1%	35.8%	39.6%	43.7%
Total Operating Cost	14.9B	14.3B	14.8B	15.2B	13.9B	14.3B	12.3B	10.9B	10.4B	11.1B	11.3B	9.4B	7.4B	6.8B	5.9B	3.5B	2.0B	803.0M	512.0M	577.0M
Selling Expenses	63.6M	60.1M	53.6M	49.6M	31.3M	30.7M	21.5M	17.6M	9.3M	20.4M	18.0M	17.0M	20.5M	23.7M	24.2M	21.4M	19.0M	--	--	--
Admin Expenses	538.0M	543.0M	510.0M	454.0M	317.0M	349.0M	218.0M	194.0M	182.0M	196.0M	200.0M	185.0M	174.0M	132.0M	72.2M	36.8M	15.2M	12.5M	11.1M	11.8M
Rd Expenses	151.0M	187.0M	185.0M	145.0M	43.1M	14.6M	8.5M	7.6M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	2.7B	2.7B	3.2B	3.6B	3.9B	4.4B	4.1B	3.6B	3.4B	4.0B	4.3B	3.5B	2.2B	1.7B	1.4B	624.0M	214.0M	74.8M	57.7M	70.6M
+Operating Income	10.4B	9.4B	9.1B	8.0B	5.7B	6.9B	7.4B	3.3B	1.1B	2.0B	4.5B	4.4B	3.0B	2.1B	2.0B	686.0M	510.0M	299.0M	216.0M	287.0M
Operating Margin %	41.7%	40.2%	38.6%	35.1%	29.5%	33.1%	47.6%	25.6%	9.9%	15.2%	28.7%	32.2%	28.8%	24.1%	25.2%	16.5%	20.1%	27.4%	30.3%	33.6%
Non Operating Income	30.4M	47.6M	75.1M	45.1M	10.5M	9.9M	12.2M	29.1M	405.0M	980.0M	681.0M	3.8M	39.7M	36.0M	52.7M	29.0M	468,400	432,900	389,200	395,800
Non Operating Expenses	53.0M	53.4M	56.3M	65.8M	34.4M	622.0M	519.0M	525.0M	536.0M	24.3M	40.1M	259.0M	17.2M	8.2M	8.3M	5.2M	3.9M	5.5M	2.9M	7.7M
Investment Income	325.0M	283.0M	264.0M	356.0M	297.0M	187.0M	3.9B	-19.3M	-60.6M	112.0M	205.0M	206.0M	71.3M	44.4M	18.4M	25.3M	16.8M	10.4M	12.7M	9.9M
Fair Value Change Income	10.1M	-50.1M	-8.1M	103.0M	-13.4M	173.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	1.1M	2.4M	24,300	15.00	297,300	3.9M	9.2M	11.9M	13.7M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	1.7M	63.5M	--	--	62.3M	--	98.0M	34.5M	17.3M	12.4M	-3.8M	24.4M	--	--	--	--	--	--	--	--
Other Income	23.7M	14.8M	17.9M	14.7M	14.8M	3.6M	243.0M	1.3B	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	10.4B	9.4B	9.1B	8.0B	5.7B	6.3B	6.9B	2.8B	1.0B	2.9B	5.1B	4.1B	3.0B	2.2B	2.0B	710.0M	506.0M	294.0M	213.0M	280.0M
Income Tax	1.5B	1.2B	1.2B	976.0M	370.0M	334.0M	830.0M	425.0M	282.0M	399.0M	330.0M	545.0M	447.0M	261.0M	334.0M	106.0M	80.7M	48.8M	34.7M	42.1M
+Net Income	8.9B	8.2B	8.0B	7.0B	5.3B	5.9B	6.0B	2.4B	733.0M	2.5B	4.8B	3.6B	2.5B	1.9B	1.7B	604.0M	425.0M	246.0M	178.0M	238.0M
Net Margin %	35.8%	35.1%	33.8%	30.7%	27.4%	28.5%	39.0%	18.5%	6.3%	19.5%	30.7%	26.3%	24.7%	21.5%	21.6%	14.5%	16.8%	22.5%	24.9%	27.9%
Net Income Attributable	8.3B	7.6B	7.2B	6.3B	4.8B	5.5B	5.8B	2.2B	508.0M	2.3B	4.6B	3.4B	2.4B	1.8B	1.7B	537.0M	435.0M	245.0M	178.0M	235.0M
Minority Interest	615.0M	605.0M	728.0M	695.0M	449.0M	392.0M	248.0M	182.0M	225.0M	237.0M	239.0M	168.0M	115.0M	125.0M	26.7M	66.6M	-9.1M	379,500	520,500	2.1M
Eps Basic	0.44	0.40	0.37	0.32	0.27	0.31	0.32	0.14	0.03	0.14	0.30	0.22	--	--	--	--	--	--	--	--
Eps Diluted	0.44	0.40	0.37	0.32	0.27	0.31	0.32	0.14	0.03	0.14	0.30	0.22	--	--	--	--	--	--	--	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	3.1B	1.8B	2.5B	2.3B	1.6B	2.3B	1.5B	1.7B	964.0M	1.1B	1.2B	692.0M	847.0M	795.0M	566.0M	485.0M	922.0M	427.0M	157.0M	150.0M
Trading Financial Assets	--	--	--	--	463.0M	394.0M	--	--	--	--	--	--	--	--	--	--	--	--	148.0M	203.0M
Accounts Receivable	2.0B	2.0B	1.8B	1.9B	1.4B	2.1B	2.4B	2.0B	1.1B	1.2B	1.9B	1.9B	1.6B	884.0M	731.0M	679.0M	224.0M	221.0M	38.0M	45.1M
Notes Receivable	1.7M	3.5M	27.1M	82.7M	2.6B	2.0B	1.4B	748.0M	317.0M	577.0M	512.0M	344.0M	57.7M	5.2M	5.2M	--	8.3M	11.4M	7.4M	13.1M
Notes And Accounts Receivable	2.0B	2.0B	1.8B	2.0B	4.0B	4.1B	3.7B	2.8B	1.4B	1.7B	2.5B	2.2B	1.6B	889.0M	736.0M	679.0M	232.0M	232.0M	45.4M	58.2M
Prepayments	57.7M	81.6M	51.1M	48.7M	15.5M	15.5M	17.4M	12.7M	12.2M	15.5M	43.4M	28.3M	42.0M	8.3M	26.4M	53.3M	801.0M	33.8M	69.9M	5.1M
Inventory	40.3M	44.1M	49.5M	52.0M	40.8M	26.5M	23.2M	33.3M	45.2M	48.7M	37.4M	24.9M	97.8M	167.0M	157.0M	132.0M	293.0M	37.1M	36.6M	4.6M
Total Current Assets	6.1B	4.3B	4.7B	4.7B	6.3B	7.5B	8.5B	9.2B	2.5B	3.1B	4.2B	3.2B	2.6B	2.1B	2.2B	1.4B	2.7B	913.0M	468.0M	431.0M
Long Term Equity Investment	3.3B	3.2B	3.1B	3.0B	3.0B	2.9B	27.5M	2.5B	2.6B	2.7B	2.6B	2.3B	2.8B	824.0M	83.1M	78.1M	78.1M	78.1M	55.8M	54.4M
Fixed Assets	--	136.0B	135.3B	--	135.8B	139.6B	126.8B	103.2B	103.3B	102.1B	103.9B	95.0B	61.5B	43.3B	41.0B	27.5B	8.9B	2.3B	1.6B	1.6B
Fixed Assets Total	151.7B	136.0B	135.3B	140.1B	135.8B	139.6B	126.8B	103.2B	103.3B	102.1B	103.9B	95.0B	61.5B	43.3B	41.0B	27.5B	8.9B	2.3B	1.6B	1.6B
Construction In Progress	--	41.0B	28.5B	--	12.1B	9.5B	23.7B	44.9B	46.5B	43.1B	36.1B	35.4B	45.9B	47.8B	27.3B	26.6B	33.6B	29.8B	20.4B	13.7B
Construction In Progress Total	41.0B	41.0B	28.8B	20.8B	12.1B	9.5B	23.7B	44.9B	46.5B	43.2B	36.2B	35.5B	45.9B	47.8B	29.8B	30.7B	37.1B	32.6B	22.2B	14.9B
Intangible Assets	6.3B	6.3B	6.4B	6.0B	6.3B	6.8B	6.9B	5.8B	5.2B	3.9B	2.9B	1.9B	115.0M	66.1M	13.3M	5.4M	1.4M	2.5M	3.6M	4.7M
Long Term Deferred Expenses	26.1M	27.3M	28.7M	29.9M	83.0M	84.9M	58.5M	57.7M	58.9M	95,300	97,500	99,700	--	--	--	--	--	--	--	--
Total Non Current Assets	208.5B	190.9B	176.9B	173.2B	158.3B	159.9B	159.8B	158.8B	159.6B	153.5B	147.0B	135.8B	110.4B	92.0B	70.9B	58.4B	46.2B	34.9B	23.9B	16.6B
Total Assets	214.6B	195.2B	181.6B	177.8B	164.6B	167.5B	168.4B	168.0B	162.1B	156.6B	151.2B	139.0B	113.0B	94.2B	73.1B	59.8B	48.8B	35.9B	24.4B	17.1B
Short Term Borrowings	14.3B	8.1B	4.3B	2.8B	1.7B	4.7B	9.7B	10.0B	4.7B	10.2B	2.4B	5.1B	4.7B	16.9B	12.0B	13.7B	12.5B	6.0B	3.9B	3.4B
Accounts Payable	317.0M	340.0M	394.0M	296.0M	83.9M	109.0M	130.0M	89.8M	130.0M	255.0M	386.0M	133.0M	126.0M	84.3M	102.0M	92.2M	124.0M	955.0M	469.0M	384.0M
Advance Receipts	4.1M	2.2M	1.8M	878,900	4.0M	50,000	94,700	1.6M	6.5M	6.6M	5.9M	6.8M	7.1M	14.0M	15.7M	4.7M	4.5M	--	--	--
Contract Liabilities	--	--	--	39.3M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	42.8B	29.0B	24.0B	27.0B	22.6B	27.7B	43.3B	39.5B	41.7B	41.3B	38.2B	36.7B	20.6B	26.8B	20.8B	16.6B	15.1B	12.5B	8.0B	4.5B
Long Term Borrowings	89.7B	91.8B	82.1B	79.2B	78.2B	82.7B	77.6B	85.5B	80.9B	73.6B	73.7B	61.9B	59.3B	38.7B	30.5B	25.1B	18.3B	12.4B	7.8B	7.5B
Total Non Current Liabilities	92.7B	95.5B	82.5B	79.5B	78.5B	83.0B	79.3B	87.4B	85.1B	80.7B	83.1B	74.3B	70.1B	47.2B	36.1B	29.9B	22.3B	14.5B	9.9B	7.7B
Total Liabilities	135.4B	124.5B	106.5B	106.5B	101.1B	110.7B	122.6B	127.0B	126.8B	122.0B	121.3B	111.0B	90.7B	74.0B	57.0B	46.5B	37.3B	27.0B	17.9B	12.1B
Paid In Capital	18.0B	18.0B	18.0B	18.0B	18.0B	18.0B	18.0B	18.0B	16.2B	16.2B	15.3B	9.0B	4.2B	4.2B	4.2B	4.2B	4.2B	4.2B	4.2B	3.0B
Capital Reserve	12.8B	12.8B	21.4B	21.5B	18.9B	18.9B	18.9B	18.9B	16.9B	14.8B	13.5B	14.9B	16.5B	13.0B	9.4B	8.0B	6.1B	3.7B	1.6B	1.3B
Surplus Reserve	5.2B	4.5B	3.9B	3.2B	2.0B	1.6B	1.1B	543.0M	310.0M	231.0M	--	1.5B	1.2B	972.0M	791.0M	619.0M	590.0M	544.0M	519.0M	501.0M
Retained Earnings	22.1B	18.2B	14.9B	12.3B	9.7B	8.5B	6.2B	2.0B	162.0M	1.8B	-243.0M	1.9B	-168.0M	1.6B	1.4B	241.0M	371.0M	202.0M	146.0M	149.0M
Minority Equity	5.6B	3.4B	3.3B	3.1B	1.9B	1.8B	1.5B	1.6B	1.6B	1.5B	1.4B	763.0M	654.0M	503.0M	328.0M	356.0M	264.0M	230.0M	66.1M	6.1M
Equity Attributable	73.6B	67.3B	71.8B	68.3B	61.6B	55.0B	44.3B	39.4B	33.7B	33.0B	28.6B	27.3B	21.7B	19.7B	15.8B	13.0B	11.2B	8.6B	6.5B	4.9B
Total Equity	79.2B	70.7B	75.1B	71.4B	63.5B	56.8B	45.8B	41.0B	35.3B	34.5B	29.9B	28.0B	22.3B	20.2B	16.1B	13.3B	11.5B	8.8B	6.5B	4.9B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	27.8B	26.2B	26.8B	27.6B	21.4B	22.7B	16.5B	12.5B	13.0B	15.7B	17.9B	15.1B	11.2B	10.1B	9.1B	4.4B	3.0B	1.1B	850.0M	992.0M
Tax Refunds Received	51.4M	287.0M	29.2M	12.1M	12.0M	5.8M	268.0M	1.3B	400.0M	930.0M	627.0M	1.9M	1.5M	49.9M	416,000	--	31,900	44,500	29,800	--
Total Operating Cash Inflow	28.1B	26.7B	27.3B	28.0B	21.7B	22.9B	16.9B	14.1B	13.8B	17.1B	18.9B	15.2B	11.4B	10.3B	9.2B	4.4B	3.0B	1.2B	861.0M	996.0M
Cash Paid For Goods	1.7B	1.5B	1.5B	2.0B	990.0M	856.0M	711.0M	736.0M	821.0M	924.0M	713.0M	588.0M	1.3B	2.4B	2.1B	1.8B	1.7B	389.0M	202.0M	194.0M
Cash Paid To Employees	2.0B	1.9B	1.8B	1.7B	1.0B	908.0M	673.0M	502.0M	425.0M	414.0M	376.0M	339.0M	273.0M	215.0M	180.0M	137.0M	82.2M	41.5M	71.0M	72.5M
Taxes Paid	6.2B	5.7B	5.7B	5.4B	4.6B	4.2B	3.8B	3.5B	3.1B	3.8B	3.9B	3.2B	2.4B	2.0B	1.6B	648.0M	440.0M	268.0M	225.0M	212.0M
Total Operating Cash Outflow	10.6B	9.6B	9.6B	9.8B	7.0B	6.7B	6.0B	5.5B	5.4B	5.5B	5.6B	4.9B	4.6B	4.9B	4.1B	2.7B	2.3B	772.0M	509.0M	487.0M
Operating Cash Flow	17.6B	17.1B	17.8B	18.1B	14.6B	16.2B	10.9B	8.6B	8.4B	11.6B	13.3B	10.3B	6.8B	5.4B	5.1B	1.8B	731.0M	379.0M	352.0M	509.0M
Total Investing Cash Inflow	292.0M	470.0M	428.0M	950.0M	399.0M	2.7B	4.6B	188.0M	243.0M	275.0M	333.0M	180.0M	310.0M	155.0M	242.0M	1.5B	3.5B	51.7M	229.0M	42.8M
Total Investing Cash Outflow	20.4B	27.0B	10.0B	8.0B	4.6B	6.3B	8.2B	8.6B	9.7B	12.1B	14.4B	15.3B	15.8B	15.5B	13.9B	11.6B	15.5B	10.4B	5.5B	5.5B
Investing Cash Flow	-20.1B	-26.6B	-9.6B	-7.1B	-4.2B	-3.7B	-3.6B	-8.5B	-9.5B	-11.9B	-14.1B	-15.1B	-15.5B	-15.3B	-13.7B	-10.1B	-12.0B	-10.3B	-5.3B	-5.4B
Cash From Borrowings	78.1B	73.4B	59.9B	39.9B	54.2B	66.4B	50.8B	54.1B	41.8B	35.6B	28.0B	26.8B	39.2B	38.3B	21.9B	23.5B	24.3B	16.7B	7.3B	7.7B
Dividends And Interest Paid	7.4B	7.5B	8.4B	8.4B	7.4B	7.6B	6.4B	5.3B	6.9B	9.1B	8.2B	7.8B	6.4B	4.6B	2.8B	2.6B	2.3B	1.3B	915.0M	616.0M
Debt Repayments	74.0B	62.2B	63.6B	42.3B	62.5B	77.0B	50.9B	49.5B	33.3B	27.4B	20.7B	18.8B	29.9B	27.4B	18.0B	16.6B	14.3B	9.9B	5.9B	3.3B
Total Financing Cash Inflow	85.7B	78.4B	63.9B	40.0B	59.3B	74.5B	51.0B	57.9B	44.4B	39.5B	32.9B	33.5B	50.3B	47.5B	29.6B	27.2B	28.5B	21.4B	11.7B	8.7B
Total Financing Cash Outflow	81.8B	69.7B	72.0B	50.9B	70.4B	86.1B	58.6B	57.3B	43.4B	39.4B	31.5B	28.9B	41.6B	37.4B	20.9B	19.4B	16.7B	11.2B	6.8B	3.9B
Financing Cash Flow	3.9B	8.7B	-8.1B	-10.9B	-11.1B	-11.6B	-7.6B	622.0M	910.0M	99.2M	1.4B	4.6B	8.7B	10.1B	8.7B	7.9B	11.8B	10.2B	4.9B	4.8B
Net Change In Cash	1.3B	-791.0M	154.0M	146.0M	-723.0M	824.0M	-204.0M	739.0M	-153.0M	-130.0M	559.0M	-161.0M	52.1M	196.0M	80.6M	-450.0M	495.0M	270.0M	7.5M	-149.0M
Ending Cash Balance	3.0B	1.6B	2.4B	2.3B	1.6B	2.3B	1.5B	1.7B	959.0M	1.1B	1.2B	684.0M	847.0M	795.0M	566.0M	485.0M	922.0M	427.0M	--	--
Capex	20.4B	18.1B	9.8B	7.8B	4.3B	4.3B	7.7B	8.5B	9.6B	11.8B	13.6B	14.9B	15.6B	15.1B	13.1B	10.1B	11.8B	10.3B	5.3B	5.2B