1. People's Republic of China Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Huaneng Lancang River Hydropower Inc.

Huaneng Lancang River Hydropower Inc.

600025.SS
Huaneng Lancang River Hydropower Inc.CN flagShanghai Stock Exchange
9.25
CNY
+0.02
- -
172.34BMarket Cap
Huaneng Lancang River Hydropower Inc.
600025.SS
(Shanghai Stock Exchange)

Recent

price

9.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
0.91
1.03
0.79
0.68
0.82
0.86
1.16
1.08
1.11
1.21
1.23
1.32
1.41
1.38
Revenue per Share
- -
- -
- -
0.21
0.3
0.14
0.03
0.14
0.32
0.31
0.27
0.32
0.37
0.4
0.44
0.45
0.46
Basic EPS, GAAP
- -
- -
- -
-0.28
-0.02
-0.01
-0.07
- -
0.18
0.66
0.58
0.57
0.41
-0.06
-0.15
0.14
-1.06
Free Cash Flow per Basic Share
- -
- -
- -
0.49
0.54
0.54
0.4
0.33
0.34
0.42
0.4
0.38
0.4
0.37
0.38
0.37
0.38
Dividend per Share
- -
- -
- -
0.69
0.99
1.1
0.97
1.28
1.33
1.48
1.55
1.62
1.68
1.9
2.13
2.36
2.17
Book Value per Share
- -
- -
- -
1.64
1.78
1.88
1.78
2.25
2.14
2.79
3.19
3.3
3.51
3.37
3.86
4.34
3.94
Tangible Book Value per Share
- -
- -
- -
16,101
15,179
16,338
16,939
15,635
18,134
17,886
17,906
18,242
19,552
19,095
18,857
18,898
18,853
Basic Weighted Avg Shares
7,902
8,877
10,293
14,650
15,608
12,961
11,552
12,847
15,516
20,801
19,253
20,202
23,581
23,461
24,882
26,595
25,960
Sales/Revenue/Turnover
44.14
42.77
49.69
52.88
55.22
45.11
40.31
53.69
48.95
52.69
49.53
50.1
50.76
51.2
51.26
49.44
50.85
Operating Margin (%)
1,682
1,997
2,441
3,268
4,179
4,311
4,422
4,614
5,268
5,930
5,983
5,734
6,081
5,853
6,223
7,271
- -
Depreciation Expense
1,760
1,750
2,009
3,423
4,550
2,286
508
2,189
5,803
5,545
4,835
5,838
7,234
7,638
8,297
8,504
8,737
Net Income, GAAP
16.37
12.79
17.92
13.64
6.45
13.65
27.82
15.19
12.06
5.33
6.55
11.96
12.63
12.49
14.02
14.4
13.75
Effective Tax Rate (%)
22.28
19.71
19.52
23.36
29.15
17.63
4.4
17.04
37.4
26.66
25.11
28.9
30.68
32.56
33.35
31.98
33.65
Profit Margin (%)
-22,789
-24,686
-25,407
-33,326
-33,962
-38,180
-39,153
-30,301
-34,512
-20,126
-16,282
-18,958
-19,260
-24,699
-36,704
-36,240
-31,546
Working Capital
30,504
38,714
61,796
65,396
74,702
73,632
80,880
85,470
77,612
82,684
78,225
71,451
82,128
95,021
92,160
93,797
99,218
LT Debt
17,213
20,131
21,826
28,245
29,959
34,549
35,289
41,002
45,781
56,753
63,512
66,227
75,105
70,723
79,168
88,115
80,431
Total Equity
4.93
4.6
4.92
6.71
7.13
4.12
2.63
4.3
4.54
6.86
5.93
6.01
6.59
5.99
5.77
5.54
5.8
Return on Invested Capital (%)
5.93
5.29
5.71
7.63
8.6
5.15
2.55
4.25
7.24
7.44
6.73
7.35
7.54
6.77
6.38
6.06
6.4
Return on Capital (%)
34.92
30.87
43.99
47.04
34.81
13.82
2.96
12.05
26.28
21.88
17.85
20.38
23.15
22.09
21.73
20.1
22.43
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
26,350
28,990
22,898
LT Borrowings
91,666
93,686
98,563
LT Finance Leases
494
581
655
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18,000
18,000
18,000
Market Capitalization
202,647
172,692
180,044

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,062
6,781
7,816
Cash, Cash Equivalents & STI
3,093
2,460
2,267
Accounts Receivable, Net
1,961
3,225
4,116
Inventories
40
43
47
Total Current Liabilities
42,766
40,748
39,363
Payables & Accruals
- -
- -
- -
ST Debt
26,350
28,990
22,898
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.09%
7.02%
11.3%
Free Cash Flow
1,297.09%
-32.43%
-191.53%
Net Income, GAAP
46.22%
12.28%
2.5%
Sales/Revenue/Turnover
8.18%
6.82%
6.89%
Total Cash Common Dividend
-1.18%
-0.13%
-1.51%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,420
7,461
7,537
5,464
24,882
2025
5,385
7,574
5,955
- -
26,595
2026
5,763
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
- -
- -
0.44
2025
0.08
- -
- -
- -
0.45
2026
0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.38
2025
0.04
- -
- -
- -
0.37
2026
0.03
- -
- -
- -
- -
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Business
Huaneng Lancang River Hydropower Inc. develops, constructs, operates and manages hydropower stations and renewable energy projects primarily in the Lancang River basin and surrounding areas in Yunnan Province, China; core products include electricity generated from key facilities such as the Dachaoshan Hydropower Station (1,800 MW), Jinghong Hydropower Station, Lahu Hydropower Station (1,350 MW), Huangdeng Hydropower Station (1,900 MW) and others contributing to a total installed capacity exceeding 15,000 MW, alongside solar photovoltaic power, wind power generation and heat supply services. Founded in 2001 and headquartered at No. 1 Century City Middle Road, Kunming, China, the company operates as a subsidiary of China Huaneng Group Co., Ltd., serving domestic markets including Yunnan Province and the national grid through electricity sales to State Grid and local utilities, with expansion into overseas and adjacent regions. Recent developments encompass the 2024 acquisition of Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. for approximately CNY 8.5 billion, boosting installed capacity by 11% with 2.7 GW operational and 2.6 GW under construction in Sichuan's river basins; an ongoing partnership with Huasun Energy since 2022 for a 1.7 GW heterojunction solar project in Dali, Yunnan expanding to 10 GW by 2025; winning bids for 430 MW and 340 MW photovoltaic projects in Yunnan in 2025; initiation of a 2.6 GW hydropower station in Tibet's Lancang River upper reaches approved in 2023 at CNY 58.4 billion cost; and Q3 2025 financials showing revenue of CNY 20.641 billion (up 6.3% YoY) and net profit of CNY 7.539 billion (up 4.34% YoY), supported by 96.266 billion kWh generation (up 11.9% YoY).