Huaneng Lancang River Hydropower Inc(600025) : net profit of 5.838 billion yuan in 2021, with a year-on-year increase of 20.75%

Huaneng Lancang River Hydropower Inc(600025) 3 on the evening of March 2, the annual performance express of 2021 was released. The company achieved a total operating revenue of 20.202 billion yuan in 2021, with a year-on-year increase of 4.93%; The net profit attributable to the shareholders of the listed company was 5.838 billion yuan, a year-on-year increase of 20.75%; The basic earnings per share is 0.32 yuan.

As for the reasons for performance changes, Huaneng Lancang River Hydropower Inc(600025) said that it was mainly due to the increase of market transaction electricity price in Yunnan Province in 2021, and the year-on-year increase of comprehensive settlement electricity price of the company in 2021, resulting in the year-on-year increase of operating revenue; At the same time, as the company continued to optimize the debt structure and carried out cost control by replacing the stock debt with low interest rate funds in advance, the financial expenses decreased by 12.70% year-on-year.

On the same day, the company announced that it had recently completed the issuance of phase II and phase III green ultra short-term financing bonds in 2022. Among them, the issuance amount of the second phase of green ultra short-term financing bonds is 920 million yuan, with a term of 127 days. The third issue of green ultra short-term financing bonds is 500 million yuan with a term of 90 days. After the issuance, the balance of the company’s short-term financing bonds (including ultra short-term financing bonds) is 7.92 billion yuan, and the balance of medium-term notes (including perpetual medium-term notes) is 9 billion yuan.

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