Natural resources and environmental energy: Net profit is expected to decrease by 13.58% year-on-year in 2025, and a dividend of 3.7 yuan per share is planned.

Wuchan Huaneng released its annual report on April 20th, revealing that it achieved an operating income of 37.304 billion yuan in 2025, a year-on-year decrease of 16.56%; a net profit attributable to the parent company of 638 million yuan, a year-on-year decrease of 13.58%; and a basic earnings per share of 1.14 yuan. The company plans to distribute a cash dividend of 3.7 yuan per 10 shares. During the reporting period, the operating income decreased compared to the same period last year, with an increase in revenue of 3.284 billion yuan due to the growth in coal sales volume, a decrease in revenue of 10.612 billion yuan due to a decline in coal prices, and a decrease in revenue of 0.78 billion yuan due to changes in revenue from cogeneration, new energy, and other businesses.