HUADIAN ENERGY CO. LTD.

HUADIAN ENERGY CO. LTD. — 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	18.2B	18.8B	18.9B	18.9B	10.7B	10.8B	9.8B	9.1B	8.6B	9.2B	9.8B	10.2B	10.9B	10.1B	8.2B	6.2B	5.6B	5.0B	3.7B	3.2B
Revenue Growth %	-3.7%	-0.2%	-0.2%	77.3%	-1.4%	10.4%	8.0%	5.2%	-6.2%	-6.4%	-4.0%	-5.9%	8.0%	22.5%	33.2%	10.1%	12.6%	34.4%	14.5%	--
Total Revenue	18.2B	18.8B	18.9B	18.9B	10.7B	10.8B	9.8B	9.1B	8.6B	9.2B	9.8B	10.2B	10.9B	10.1B	8.2B	6.2B	5.6B	5.0B	3.7B	3.2B
Cost Of Revenue	14.8B	15.4B	15.0B	14.1B	10.8B	10.2B	9.6B	8.8B	7.6B	8.2B	8.5B	9.1B	10.0B	9.4B	7.8B	5.8B	4.8B	4.3B	3.2B	2.7B
+Gross Profit	3.4B	3.4B	3.8B	4.8B	-136.0M	629.0M	170.0M	306.0M	1.0B	1.0B	1.3B	1.2B	840.0M	698.0M	462.0M	416.0M	754.0M	627.0M	538.0M	514.0M
Gross Margin %	18.7%	18.0%	20.3%	25.4%	-1.3%	5.8%	1.7%	3.4%	12.0%	11.4%	13.3%	11.4%	7.7%	6.9%	5.6%	6.7%	13.5%	12.6%	14.5%	15.9%
Total Operating Cost	16.6B	17.2B	17.6B	16.4B	11.9B	11.4B	10.7B	10.2B	8.5B	9.2B	9.7B	10.3B	11.4B	10.5B	8.5B	7.0B	5.6B	4.9B	3.5B	3.1B
Selling Expenses	174.0M	187.0M	180.0M	185.0M	9.0M	9.0M	10.0M	10.6M	13.0M	29.3M	45.0M	55.0M	37.7M	26.6M	31.1M	21.7M	24.8M	20.1M	18.1M	18.7M
Admin Expenses	184.0M	188.0M	231.0M	206.0M	68.6M	59.6M	66.2M	95.9M	80.0M	106.0M	101.0M	115.0M	117.0M	90.6M	82.6M	74.6M	53.3M	47.2M	44.3M	86.9M
Rd Expenses	7.8M	9.4M	12.6M	12.9M	10.5M	11.2M	10.7M	9.8M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	658.0M	721.0M	995.0M	1.0B	845.0M	890.0M	822.0M	708.0M	672.0M	847.0M	905.0M	956.0M	1.0B	961.0M	658.0M	664.0M	637.0M	451.0M	287.0M	263.0M
+Operating Income	1.7B	1.9B	1.7B	2.2B	-1.2B	119.0M	-888.0M	-1.3B	135.0M	4.0M	144.0M	25.9M	-484.0M	-163.0M	-109.0M	-816.0M	25.7M	101.0M	188.0M	149.0M
Operating Margin %	9.3%	10.1%	8.8%	11.8%	-10.9%	1.1%	-9.1%	-13.9%	1.6%	0.0%	1.5%	0.3%	-4.4%	-1.6%	-1.3%	-13.2%	0.5%	2.0%	5.1%	4.6%
Non Operating Income	221.0M	163.0M	11.7M	27.6M	36.2M	10.4M	37.9M	26.4M	93.0M	109.0M	77.1M	76.9M	95.6M	259.0M	152.0M	36.2M	26.9M	29.3M	9.5M	248,400
Non Operating Expenses	22.4M	20.8M	47.5M	32.0M	15.9M	5.1M	48.2M	19.8M	5.6M	12.9M	9.7M	1.9M	19.0M	5.1M	3.1M	2.2M	1.1M	741,400	273,700	305,800
Investment Income	7.0M	-5.3M	229.0M	-385.0M	25.7M	496.0M	-29.1M	-195.0M	13.9M	35.8M	46.4M	90.9M	22.4M	276.0M	217.0M	32.0M	13.6M	10.5M	2.1M	158,600
Fair Value Change Income	7.4M	-1.2M	190,000	1.6M	3.9M	4.4M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	10.9M	178.0M	4.4M	69,900	915,400	107.0M	--	772,500	4.8M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	84.9M	25.3M	389.0M	20.8M	537,500	29.7M	31.4M	444.0M	18.5M	17.6M	83.8M	19.0M	87.8M	3.3M	-13.2M	482.0M	5.0M	2.7M	2.3M	--
Other Income	150.0M	138.0M	115.0M	44.5M	35.6M	40.6M	42.8M	55.1M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	1.9B	2.1B	1.6B	2.2B	-1.1B	124.0M	-898.0M	-1.3B	223.0M	100.0M	211.0M	101.0M	-408.0M	90.8M	39.5M	-782.0M	51.5M	129.0M	197.0M	153.0M
Income Tax	773.0M	1.0B	1.2B	1.4B	29.6M	44.7M	-17.0M	-50.9M	50.3M	72.8M	53.3M	50.0M	35.3M	76.4M	35.1M	14.2M	23.0M	31.7M	26.7M	27.0M
+Net Income	1.1B	1.0B	394.0M	822.0M	-1.2B	79.3M	-881.0M	-1.2B	172.0M	27.6M	158.0M	51.0M	-443.0M	14.4M	4.4M	-796.0M	28.6M	97.5M	170.0M	126.0M
Net Margin %	6.1%	5.5%	2.1%	4.3%	-11.0%	0.7%	-9.0%	-13.3%	2.0%	0.3%	1.6%	0.5%	-4.1%	0.1%	0.1%	-12.9%	0.5%	2.0%	4.6%	3.9%
Net Income Attributable	166.0M	-91.0M	-1.0B	-924.0M	-1.1B	75.6M	-762.0M	-1.1B	148.0M	23.4M	147.0M	14.3M	-455.0M	-11.4M	43.8M	-755.0M	14.2M	65.9M	169.0M	121.0M
Minority Interest	942.0M	1.1B	1.4B	1.7B	-62.4M	3.7M	-119.0M	-101.0M	23.8M	4.2M	11.0M	36.7M	12.2M	25.8M	-39.4M	-41.3M	14.4M	31.7M	1.5M	4.6M
Eps Basic	0.02	-0.01	-0.52	-0.47	-0.56	0.04	-0.39	-0.56	0.08	0.01	0.07	0.01	-0.23	-0.01	0.02	-0.55	0.01	0.05	0.14	0.11
Eps Diluted	0.02	-0.01	-0.52	-0.47	-0.56	0.04	-0.39	-0.56	0.08	0.01	0.07	0.01	-0.23	-0.01	0.02	-0.55	0.01	0.05	0.13	--

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	3.3B	3.3B	5.6B	5.7B	1.5B	1.4B	1.8B	1.6B	1.1B	1.4B	884.0M	2.3B	2.3B	1.3B	1.4B	1.2B	1.4B	824.0M	887.0M	646.0M
Trading Financial Assets	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	1.3B	1.4B	1.4B	1.5B	1.3B	1.5B	1.2B	1.4B	979.0M	1.3B	1.4B	990.0M	762.0M	895.0M	906.0M	677.0M	852.0M	698.0M	537.0M	474.0M
Notes Receivable	90.6M	--	4.0M	1.2M	25.2M	38.8M	506.0M	298.0M	285.0M	105.0M	176.0M	350.0M	328.0M	153.0M	17.1M	4.2M	--	16.0M	--	50.0M
Notes And Accounts Receivable	1.4B	1.4B	1.4B	1.5B	1.3B	1.6B	1.7B	1.7B	1.3B	1.4B	1.6B	1.3B	1.1B	1.0B	924.0M	681.0M	852.0M	714.0M	537.0M	524.0M
Prepayments	242.0M	494.0M	333.0M	186.0M	51.7M	39.1M	25.1M	47.9M	61.6M	49.7M	131.0M	478.0M	506.0M	138.0M	331.0M	352.0M	526.0M	197.0M	238.0M	172.0M
Inventory	971.0M	727.0M	863.0M	1.3B	635.0M	471.0M	447.0M	438.0M	322.0M	398.0M	638.0M	586.0M	576.0M	470.0M	455.0M	302.0M	230.0M	299.0M	228.0M	209.0M
Total Current Assets	6.1B	6.0B	8.8B	9.3B	4.3B	4.1B	4.2B	4.1B	3.0B	3.6B	4.9B	4.8B	4.6B	3.3B	3.2B	2.6B	3.1B	2.1B	1.9B	1.6B
Long Term Equity Investment	802.0M	762.0M	783.0M	1.6B	1.5B	1.5B	1.7B	1.5B	1.5B	1.5B	9.5M	9.6M	318.0M	311.0M	326.0M	322.0M	257.0M	198.0M	191.0M	145.0M
Fixed Assets	--	16.4B	17.6B	17.3B	15.6B	16.8B	17.7B	18.5B	17.5B	16.1B	16.4B	16.7B	16.8B	17.0B	16.2B	13.2B	10.6B	11.1B	6.2B	6.4B
Fixed Assets Total	15.6B	16.4B	17.6B	17.3B	15.6B	16.8B	17.7B	18.5B	17.5B	16.1B	16.4B	16.7B	16.8B	17.0B	16.2B	13.2B	10.6B	11.1B	6.2B	6.4B
Construction In Progress	--	476.0M	486.0M	1.4B	366.0M	385.0M	478.0M	103.0M	1.4B	1.1B	418.0M	355.0M	357.0M	529.0M	1.4B	1.8B	2.7B	1.1B	1.3B	36.8M
Construction In Progress Total	1.0B	487.0M	498.0M	1.4B	366.0M	386.0M	479.0M	105.0M	1.4B	1.4B	521.0M	362.0M	364.0M	555.0M	1.4B	1.8B	2.7B	1.1B	1.3B	36.8M
Intangible Assets	5.0B	4.4B	4.5B	4.4B	588.0M	601.0M	637.0M	637.0M	1.4B	1.4B	1.4B	1.1B	839.0M	833.0M	757.0M	616.0M	172.0M	168.0M	117.0M	952.0M
Long Term Deferred Expenses	409.0M	418.0M	324.0M	318.0M	1.8M	2.9M	4.0M	4.8M	12.2M	11.7M	8.4M	4.7M	6.0M	7.8M	829,200	1.3M	1.7M	--	8.1M	--
Total Non Current Assets	23.9B	23.1B	24.2B	25.8B	18.5B	19.6B	20.9B	21.3B	22.4B	21.0B	19.0B	18.7B	18.6B	19.0B	19.0B	16.1B	13.7B	12.6B	8.0B	7.7B
Total Assets	30.0B	29.1B	33.0B	35.1B	22.7B	23.7B	25.1B	25.4B	25.5B	24.5B	23.8B	23.5B	23.2B	22.2B	22.2B	18.6B	16.8B	14.6B	9.9B	9.3B
Short Term Borrowings	5.5B	5.1B	4.0B	6.7B	5.3B	7.7B	8.3B	9.5B	5.6B	5.2B	3.6B	3.9B	4.3B	3.7B	2.6B	1.7B	2.8B	2.8B	3.0B	2.2B
Accounts Payable	2.1B	2.2B	2.4B	2.3B	1.4B	1.8B	2.7B	2.6B	3.0B	2.4B	2.3B	1.9B	1.3B	1.4B	1.6B	1.1B	384.0M	540.0M	235.0M	128.0M
Advance Receipts	3.9M	3.2M	3.0M	2.8M	--	853.0M	782.0M	643.0M	513.0M	442.0M	412.0M	435.0M	319.0M	235.0M	226.0M	154.0M	116.0M	278.0M	30.8M	27.2M
Contract Liabilities	1.2B	1.1B	1.3B	1.1B	982.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	13.7B	11.5B	12.9B	16.2B	10.2B	15.5B	14.7B	15.1B	14.4B	12.3B	9.1B	8.5B	9.3B	6.7B	6.8B	5.6B	5.0B	5.3B	4.8B	4.1B
Long Term Borrowings	5.0B	5.4B	7.0B	8.7B	10.1B	4.2B	7.7B	6.8B	6.1B	6.4B	6.7B	8.0B	9.2B	10.6B	10.7B	7.8B	7.5B	5.2B	1.6B	955.0M
Total Non Current Liabilities	10.3B	11.3B	13.4B	13.6B	11.7B	6.2B	8.6B	7.6B	7.0B	8.4B	10.9B	11.5B	10.3B	11.6B	11.5B	8.4B	8.0B	5.6B	1.7B	1.7B
Total Liabilities	24.0B	22.9B	26.3B	29.8B	21.9B	21.7B	23.3B	22.7B	21.4B	20.7B	20.0B	20.0B	19.6B	18.3B	18.3B	14.0B	13.0B	10.9B	6.5B	5.8B
Paid In Capital	7.9B	7.9B	7.9B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	2.0B	1.4B	1.4B	1.3B	1.1B
Capital Reserve	438.0M	337.0M	217.0M	3.5B	1.7B	1.7B	1.7B	1.7B	1.7B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	2.2B	1.3B	1.5B	1.4B	965.0M
Surplus Reserve	125.0M	125.0M	125.0M	125.0M	125.0M	125.0M	125.0M	125.0M	125.0M	279.0M	279.0M	279.0M	279.0M	279.0M	279.0M	272.0M	272.0M	272.0M	267.0M	347.0M
Retained Earnings	-5.4B	-5.6B	-5.5B	-4.6B	-3.3B	-2.2B	-2.3B	-1.5B	-445.0M	-593.0M	-616.0M	-780.0M	-793.0M	-354.0M	-318.0M	-424.0M	332.0M	345.0M	350.0M	993.0M
Minority Equity	2.3B	2.7B	3.3B	3.6B	208.0M	274.0M	275.0M	416.0M	707.0M	642.0M	671.0M	604.0M	590.0M	568.0M	510.0M	586.0M	451.0M	199.0M	48.1M	47.7M
Equity Attributable	3.7B	3.5B	3.4B	1.7B	602.0M	1.7B	1.6B	2.3B	3.4B	3.2B	3.1B	3.0B	3.0B	3.4B	3.4B	4.0B	3.3B	3.5B	3.4B	3.4B
Total Equity	6.0B	6.2B	6.7B	5.3B	811.0M	1.9B	1.8B	2.7B	4.1B	3.8B	3.8B	3.6B	3.6B	4.0B	3.9B	4.6B	3.8B	3.7B	3.4B	3.5B

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	20.2B	20.6B	21.0B	20.6B	11.4B	11.5B	11.0B	10.1B	9.1B	10.3B	10.9B	12.5B	13.9B	11.9B	9.6B	7.6B	6.3B	5.7B	4.4B	3.8B
Tax Refunds Received	11.3M	64.2M	261.0M	24.5M	11.2M	21.5M	568,700	33.9M	27.1M	20.8M	31.4M	9.5M	1.6M	2.4M	2.0M	1.3M	2.9M	4.2M	2.5M	1.2M
Total Operating Cash Inflow	20.9B	21.3B	21.9B	21.0B	11.5B	11.6B	11.3B	10.3B	9.3B	10.5B	11.2B	12.6B	14.0B	12.0B	9.8B	7.7B	6.3B	5.8B	4.4B	3.8B
Cash Paid For Goods	12.5B	12.2B	11.3B	10.7B	7.9B	7.8B	6.7B	7.3B	4.3B	5.0B	6.2B	7.8B	10.2B	8.8B	6.7B	5.0B	4.3B	4.0B	2.9B	1.7B
Cash Paid To Employees	2.2B	2.1B	2.0B	2.0B	1.5B	1.4B	1.4B	1.3B	1.4B	1.4B	1.3B	1.3B	1.1B	1.1B	822.0M	493.0M	450.0M	376.0M	225.0M	150.0M
Taxes Paid	2.6B	3.0B	3.6B	2.5B	588.0M	483.0M	442.0M	654.0M	934.0M	1.0B	959.0M	1.1B	910.0M	717.0M	478.0M	598.0M	559.0M	523.0M	379.0M	404.0M
Total Operating Cash Outflow	17.9B	17.9B	17.5B	15.7B	10.2B	10.0B	8.8B	9.4B	6.8B	7.8B	8.6B	10.3B	12.3B	10.8B	8.1B	6.2B	5.3B	4.9B	3.5B	2.3B
Operating Cash Flow	3.0B	3.4B	4.5B	5.3B	1.3B	1.6B	2.5B	889.0M	2.4B	2.7B	2.6B	2.3B	1.7B	1.3B	1.6B	1.5B	978.0M	828.0M	883.0M	1.4B
Total Investing Cash Inflow	283.0M	315.0M	1.3B	8.3M	58.8M	807.0M	19.3M	313.0M	124.0M	8.5M	70.0M	219.0M	218.0M	266.0M	469.0M	44.5M	13.7M	20.4M	5.4M	24.7M
Total Investing Cash Outflow	2.7B	885.0M	2.0B	1.7B	533.0M	1.2B	1.1B	2.0B	2.2B	1.5B	2.7B	1.4B	1.2B	1.6B	4.0B	2.0B	2.1B	2.3B	662.0M	446.0M
Investing Cash Flow	-2.4B	-570.0M	-686.0M	-1.7B	-474.0M	-387.0M	-1.1B	-1.7B	-2.0B	-1.5B	-2.7B	-1.2B	-936.0M	-1.3B	-3.6B	-2.0B	-2.1B	-2.3B	-657.0M	-421.0M
Cash From Borrowings	13.5B	9.3B	13.5B	10.1B	13.7B	12.0B	12.5B	14.7B	11.6B	7.1B	5.2B	8.1B	9.9B	6.9B	8.0B	6.4B	9.3B	9.1B	6.9B	4.1B
Dividends And Interest Paid	1.7B	2.2B	2.6B	2.4B	761.0M	860.0M	833.0M	1.0B	766.0M	849.0M	888.0M	991.0M	1.1B	991.0M	753.0M	793.0M	658.0M	579.0M	324.0M	351.0M
Debt Repayments	12.3B	12.3B	17.6B	8.3B	13.7B	12.7B	12.9B	12.4B	11.5B	7.0B	7.1B	10.4B	10.0B	6.1B	5.2B	6.8B	7.0B	7.2B	6.6B	4.9B
Total Financing Cash Inflow	13.5B	9.3B	16.2B	10.1B	13.7B	12.0B	12.5B	14.7B	11.6B	7.1B	6.7B	10.4B	11.3B	7.0B	8.1B	7.9B	9.4B	9.1B	6.9B	4.1B
Total Financing Cash Outflow	14.1B	14.5B	20.2B	10.7B	14.5B	13.6B	13.8B	13.4B	12.3B	7.8B	8.0B	11.4B	11.1B	7.1B	5.9B	7.6B	7.7B	7.8B	6.9B	5.2B
Financing Cash Flow	-570.0M	-5.3B	-4.0B	-608.0M	-801.0M	-1.6B	-1.3B	1.3B	-704.0M	-702.0M	-1.3B	-1.1B	184.0M	-119.0M	2.2B	304.0M	1.7B	1.3B	15.1M	-1.2B
Net Change In Cash	-25.8M	-2.4B	-269.0M	2.9B	32.4M	-315.0M	151.0M	505.0M	-313.0M	524.0M	-1.5B	65.8M	935.0M	-138.0M	217.0M	-183.0M	567.0M	-162.0M	241.0M	-180.0M
Ending Cash Balance	2.8B	2.8B	5.3B	5.5B	1.5B	1.4B	1.8B	1.6B	1.1B	1.4B	884.0M	2.3B	2.3B	1.3B	1.4B	1.2B	1.4B	824.0M	887.0M	--
Capex	2.5B	839.0M	1.9B	1.7B	477.0M	1.2B	1.1B	2.0B	2.2B	1.5B	1.1B	1.3B	1.1B	1.4B	2.3B	1.5B	2.0B	2.3B	357.0M	268.0M