Huadian Liaoning Energy Development Co.,Ltd (SHA:600396)

China · Delayed Price · Currency is CNY

16.37

+0.86 (5.54%)

Aug 4, 2026, 3:00 PM CST

SHA:600396 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,452	4,352	4,454	6,275	7,129	6,574
Revenue Growth	0.33%	-2.30%	-29.02%	-11.98%	8.44%	-9.77%
Net Income	40.55	28.44	84.73	2,140	-2,018	-1,920
Earnings Per Share	0.03	0.02	0.06	1.45	-1.37	-1.30
EPS Growth	-61.82%	-66.44%	-96.04%	-	-	-

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Corporate Management Headquarters	98
Wind Power + Photovoltaic Division	568.99
Intersegment elimination	-24.83
Thermal Power Division	3,710
Total	4,352

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	480.03	364.15	590.61	500.5	746.29	1,084
Total Debt	9,402	9,173	8,632	11,725	18,304	17,270
Net Cash (Debt)	-8,922	-8,809	-8,042	-11,224	-17,558	-16,185
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.05	-5.98	-5.46	-7.62	-11.92	-10.99

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	1,297	1,087	805.55	45.7	441.16	139.15
Capital Expenditures	-1,353	-1,210	-490.78	-576.3	-540.78	-571.68
Free Cash Flow	-55.99	-122.97	314.77	-530.6	-99.62	-432.53
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	7.85%	7.03%	1.82%	32.87%	-33.51%	-33.33%
Profit Margin	0.91%	0.65%	1.90%	34.11%	-28.31%	-29.20%
FCF Margin	-1.26%	-2.83%	7.07%	-8.46%	-1.40%	-6.58%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	563.29	147.56	47.98	1.79	-	-
Forward PE	-	10.74	10.74	10.74	10.74	10.74
P/FCF Ratio	-	-	12.91	-	-	-
PS Ratio	5.13	0.96	0.91	0.61	0.60	0.76