Huadian Energy sells property, adjusts investments, extends loans

Huadian Energy Co., Ltd. announced the sale of an office building owned by its controlled subsidiary, Heilongjiang Longdian Electric Power Co., Ltd., to an associate, Huadian Harbin Yilan New Energy Co., Ltd., for 3,194.04 million yuan. This transaction aims to optimize the company's asset structure and improve operational efficiency. Concurrently, the company is set to provide entrusted loans of up to 2,427.87 million yuan to Heilongjiang Longdian Electric Power Co., Ltd. for working capital, with a one-year term at the one-year Loan Prime Rate (LPR).

The company also adjusted its 2025 investment plan, increasing the total from 325,649.5 million yuan to 378,005.8 million yuan, primarily due to an additional 52,356.3 million yuan allocated to investments in the Heilongjiang region. All these transactions were approved by the board of directors, with related parties abstaining from voting where applicable, and some requiring shareholder approval.

Additionally, Huadian Energy disclosed its 2026 annual routine related-party transactions, which include deposits and loans with China Huadian Group Finance Co., Ltd., financing leases, and sales of coal. The company also confirmed that no impairment was found for assets acquired in the 2022 major asset restructuring.