Huadian Energy 华电B股
No significant filings since 29 May 2026.
自 29 May 2026 起无重大公告。
As of 25 Sep 2026 截至2026年9月25日
Huadian Energy 华电B股, listed in 1996, operates in an undisclosed industry. The company reported revenue of RMB16.66bn in 2025, down 8.2%, while attributable net profit rose 20.8% to RMB200.0m. Net profit excluding non-recurring items increased by 108.7%. Operating cash flow per share was RMB0.50, with a cash flow to net profit ratio of 4.97x, indicating strong cash generation relative to profit. As of 30 Jun 2026, liabilities were at 77.8% of assets, and the current ratio was 0.50, showing high leverage and short-term liquidity pressure. The stock has shown price volatility, with two days in the past year closing up over 9%. The controlling shareholder is 华电煤业集团有限公司, with a 59.79% stake.
华电B股于1996年上市，所属行业未披露。2025年营业收入为166.58亿元，同比下降8.2%；归属于母公司股东的净利润为2.00亿元，同比上升20.8%；扣除非经常性损益后的净利润同比增长108.7%。每股经营现金流为0.50元，经营现金流与净利润之比达4.97倍，显示盈利现金保障良好。截至2026年6月30日，资产负债率为77.8%，流动比率为0.50，显示杠杆水平较高且短期偿债压力较大。过去一年有2个交易日收盘涨跌幅超过9%。控股股东为华电煤业集团有限公司，持股59.79%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Liabilities at 70% of assets or more 资产负债率达70%或以上 | Liabilities are at 77.8% of assets, indicating high financial leverage. 负债占资产比例达77.8%，显示财务杠杆水平较高。 | High leverage reduces financial flexibility and increases refinancing risk, especially if operating cash flow weakens. It may constrain the company's ability to raise debt in the future. 高杠杆水平削弱财务弹性，增加再融资风险，尤其在经营现金流减弱时。未来举债能力可能受限。 |
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | The current ratio is below 1, at 0.50, meaning current liabilities exceed current assets. 流动比率低于1，为0.50，表明流动负债超过流动资产。 | This indicates a mismatch in short-term liquidity, raising the risk of difficulty in meeting near-term obligations without asset sales or external funding. 显示短期流动性错配，若无资产处置或外部融资，可能难以偿还即将到期的债务。 |
- Next interim report's operating cash flow per share, to assess if cash generation remains strong.
下一期中期报告的每股经营现金流，以评估现金生成能力是否持续强劲。 - Change in receivable days in the next filing, to monitor collection efficiency.
下次披露的应收账款周转天数变化，以监控回款效率。 - Liabilities to assets ratio in the next report, to see if leverage stabilizes or rises.
下期报告中的资产负债率，观察杠杆水平是否稳定或上升。
- Company: Huadian Energy 华电B股, Shanghai Stock Exchange 900937; industry not shown; listed 22 Apr 1996.
公司：华电B股，上海证券交易所 900937；行业：未披露；上市日期：1996年4月22日。 - Close on 24 Sep 2026 US$0.196; close on 24 Sep 2025 US$0.172; one-year change +14.0%.
2026年9月24日收盘价0.196美元；2025年9月24日收盘价0.172美元；一年涨跌幅+14.0%。 - 52-week range US$0.153 to US$0.258.
52周区间0.153美元至0.258美元。 - In the last 12 months 2 trading days closed 9% or more above or below the day before (all days, not only this year). The 2 most recent of them: 13 May 2026 +9.8%; 25 May 2026 +10.0%. No two of the 2 fell on consecutive trading days.
近12个月共有2个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近2个：2026年5月13日 +9.8%；2026年5月25日 +10.0%。其中任意两个交易日均不相邻。 - Market capitalisation US$1.55bn; P/E TTM 30.2; price to book not shown.
总市值15.50亿美元；市盈率（TTM）30.2；市净率未披露。 - Revenue 2025 RMB16.66bn; change -8.2%.
营业收入2025年166.58亿元；同比-8.2%。 - Attributable net profit 2025 RMB200.0m; change +20.8%.
归属于母公司股东的净利润2025年2.00亿元；同比+20.8%。 - Net profit excluding non-recurring items, 2025 change +108.7%.
2025年扣除非经常性损益后的净利润同比+108.7%。 - Basic EPS 2025 RMB0.03.
基本每股收益2025年0.03元。 - Operating cash flow per share 2025 RMB0.50; operating cash flow to net profit 4.97x.
每股经营现金流2025年0.50元；经营现金流与净利润之比4.97倍。 - 2025 gross margin 17.2%; net margin 4.8%; ROE 5.1%.
2025年毛利率17.2%；净利率4.8%；净资产收益率5.1%。 - At 30 Jun 2026: liabilities to assets 77.8%; current ratio 0.50; quick ratio 0.44; receivable days 25; inventory days 28.
截至2026年6月30日：资产负债率77.8%；流动比率0.50；速动比率0.44；应收账款周转天数25；存货周转天数28。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB8.03bn, change -3.0%; attributable net profit RMB591.7m, change +29.2%; operating cash flow per share RMB0.02.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入80.34亿元，同比-3.0%；归母净利润5.92亿元，同比+29.2%；每股经营现金流0.02元。 - Ownership: controlling shareholder 华电煤业集团有限公司; actual controller 中国华电集团有限公司; largest holder at 30 Jun 2026: 华电煤业集团有限公司, 59.79%.
股权：控股股东：华电煤业集团有限公司；实际控制人：中国华电集团有限公司；2026年6月30日第一大股东：华电煤业集团有限公司，持股59.79%。 - No distribution is held in this database, which begins on 1 Jan 2026; earlier distributions are not shown.
本数据库自2026年1月1日起记录，其中无该公司的分配记录；此前的分配未予显示。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。