Earnings release
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– 1 – Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock company incorporated in the People’sR epublico f China with limited liability) (Stock Code: 00579) ANNOUNCEMENT INTERNAL FINANCIAL DATA FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2025 This announcement is made by Beijing Jingneng Clean Energy Co., Limited (the “Company”) pursuant to Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)) under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2) of the Listing Rules. As the Company has publicly issued debt financing instruments in the People’s Republic of China (the “PRC”), the Company, in accordance with the relevant rules and regulations of the People’s Bank of China and the National Association of Financial Market Institutional Investors, announced the internal financial data of the Company and its subsidiaries for the nine months ended 30 September 2025 prepared in accordance with the PRC Generally Accepted Accounting Principles. Investors are cautioned that the internal financial data for the nine months ended 30 September 2025 has not been audited by independent auditors nor reviewed by the audit committee of the Company. The relevant documents have been posted on China Money and Shanghai Clearing House at websites of www.chinamoney.com.cn and www.shclearing.com.cn, respectively, on 30 October 2025.
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– 2 – CONSOLIDATED BALANCE SHEET 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Closing Balance Opening Balance Current assets: Cash 8,147,543,577.43 7,493,015,013.15 ¶Settlement reserves ¶Capital lend Financial assets held for trading 335,741,410.15 335,573,420.89 Bills receivable 5,764,220.38 4,480,822.00 Account receivable 12,470,775,312.35 13,811,985,503.11 Prepayments 277,814,998.13 134,618,355.36 Interest receivable Dividend receivable Other receivables 1,344,258,146.14 2,025,608,002.90 ¶Financial assets held under resale agreements Inventory 127,254,519.66 94,853,336.97 Including: Raw materials 120,575,161.44 91,196,982.57 Stock inventory (finished products) 963,094.24 605,390.89 Data resources Contract assets Held-for-sale assets Non-current assets due within one year 380,184,631.90 83,991,478.11 Other current assets 708,257,214.40 697,897,043.71 Total current assets 23,797,594,030.54 24,682,022,976.20
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– 3 – Items Closing Balance Opening Balance Non-current assets: ¶Grant of loans and advances Other debt investment Debt investment Long-term receivables 1,008,470,202.25 1,332,255,918.79 Long-term equity investment 2,788,736,856.42 1,676,706,226.52 Investment in other equity instrument 106,000,000.00 106,000,000.00 Other non-current financial assets Investment properties 99,430,384.57 101,505,638.55 Cost of fixed asset 93,269,601,447.12 91,809,664,958.42 Less: Accumulated depreciation 35,357,714,440.49 32,643,363,250.59 Fixed assets, net 57,911,887,006.63 59,166,301,707.83 Less: Provision for fixed asset impairment 466,130,483.87 452,293,297.82 Fixed assets, net 57,445,756,522.76 58,714,008,410.01 Construction in progress 7,012,906,179.59 5,560,974,883.83 Construction materials Fixed assets pending for disposal Productive biological assets Oil and gas assets Right-of-use assets 1,274,898,129.81 1,309,530,344.49 Intangible assets 2,728,933,454.29 2,741,077,836.94 Including: Data resources Development costs 268,937,413.25 203,355,435.99 Including: Data resources Goodwill 328,958,896.96 328,958,896.96 Long-term deferred expenses 260,023,759.08 196,886,884.73 Deferred income tax assets 299,225,465.09 269,078,392.09 Other non-current assets 5,108,404,280.84 3,531,162,670.55 Total non-current assets 78,730,681,544.91 76,071,501,539.45 Total assets 102,528,275,575.45 100,753,524,515.65 CONSOLIDATED BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 4 – Items Closing Balance Opening Balance Current liabilities: Short-term borrowings 9,055,909,437.66 8,304,855,523.63 ¶Borrowings from central bank ¶Absorbing deposit and interbank deposit ¶Capital borrowed Financial liabilities held for trading Derivative financial liabilities Bills payable 50,000,000.00 Account payables 5,439,503,158.09 5,889,602,847.19 Advances received 104,263,473.30 113,033,298.12 Contract liabilities 124,832,420.76 92,671,634.81 ¶Selling financial assets of repurchase ¶Commission charge and commission payable Employee salary payable 121,543,658.51 192,324,456.47 Including: Salary payable 406,563.28 2,012,115.43 Welfare payable Tax charge payable 233,586,858.69 593,439,521.35 Including: Tax payable 230,182,985.93 584,154,311.90 Interest payable Dividend payable 3,528,781.24 Other payables 1,712,153,021.41 235,457,108.12 ¶Client money received for acting as securities trading agent ¶Client money received for acting as securities underwriter Liabilities held for sale Non-current liabilities due within one year 4,797,847,731.17 6,316,582,948.28 Other current liabilities 5,111,433,172.98 5,549,911,977.71 Total current liabilities 26,704,601,713.81 27,337,879,315.68 CONSOLIDATED BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 5 – Items Closing Balance Opening Balance Non-current liabilities: Long-term borrowings 25,841,097,624.39 26,786,747,890.47 Debentures payable 9,000,000,000.00 7,000,000,000.00 Including: Preferred shares Perpetual bond Lease liabilities 929,886,642.09 909,797,122.48 Long-term payables 456,889,204.32 451,659,478.07 Long-term employee salary payable Specific payables Accrued liabilities Deferred income 177,597,745.51 150,432,969.85 Deferred income tax liabilities 453,366,941.25 446,389,634.22 Other non-current liabilities 176,707,068.40 199,885,940.68 Total non-current liabilities 37,035,545,225.96 35,944,913,035.77 Total liabilities 63,740,146,939.77 63,282,792,351.45 CONSOLIDATED BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 6 – Items Closing Balance Opening Balance Owners’ equity (or Shareholders’ equity): Paid-in capital (Share capital) 8,244,508,144.00 8,244,508,144.00 Other equity instruments 3,000,000,000.00 3,000,000,000.00 Including: Preferred shares Perpetual bond 3,000,000,000.00 3,000,000,000.00 Capital reserves 3,910,512,422.46 3,910,512,422.46 Less: Treasury shares Other comprehensive income -95,945,463.02 -105,284,279.17 Including: Foreign currency translation differences -114,426,485.78 -123,761,341.56 Special reserves 162,659,689.73 74,876,316.61 Surplus reserves 2,434,164,390.57 2,434,164,390.57 Including: Statutory reserve 2,434,164,390.57 2,434,164,390.57 Discretionary reserve ¶Generic risk reserve Unallocated profits 19,814,790,100.12 18,617,176,316.93 Total equity attributable to the parent’s owners 37,470,689,283.86 36,175,953,311.40 * Minority shareholders’ interest 1,317,439,351.82 1,294,778,852.80 Total owners’ equity 38,788,128,635.68 37,470,732,164.20 Total liabilities and owners’ equity 102,528,275,575.45 100,753,524,515.65 CONSOLIDATED BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 7 – CONSOLIDATED INCOME STATEMENT September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period I. Total operating revenue 15,271,627,185.10 14,969,338,391.13 Including: Operating revenue 15,271,627,185.10 14,969,338,391.13 ¶Interest income ¶Commission charge and commission income II. Total operating costs 12,497,861,773.93 12,469,285,174.30 Including: Operating costs 10,868,136,588.64 10,854,658,431.27 ¶Interest costs ¶Commission charge and commission expenses Tax and surcharges 157,898,598.52 145,196,382.07 Selling expenses Administrative expenses 619,510,934.07 602,069,846.57 Research and development expenses 766,778.81 2,726,517.88 Finance costs 851,548,873.89 864,633,996.51 Including: Interest expenses 893,692,644.85 874,267,203.48 Interest income 25,624,663.41 44,010,163.77 Foreign exchange loss, net (“-” indicating net gain) -26,988,846.74 31,604,682.24 Other Plus: Other gains 140,533,860.39 156,158,962.69 Investment income (“-” indicating loss) 127,231,066.31 16,060,675.60 Including: Investment income from associates and joint ventures 96,823,459.86 93,050,357.87 Gain from derecognition of financial assets measured at amortized cost ¶Foreign exchange gain (“-” indicating loss)
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– 8 – Items Amount for the Current Period Amount for the Preceding Period Gain from net exposure hedges (“-” indicating loss) Gains from changes in fair value (“-” indicating loss) 6,968,649.96 134,716,939.31 Credit impairment losses (“-” indicating loss) Asset impairment losses (“-” indicating loss) Gains from disposal of assets (“-” indicating loss) -696,586.32 113,818.03 III. Operating profit (“-” indicating loss) 3,047,802,401.51 2,807,103,612.46 Plus: Non-operating revenue 10,254,576.00 286,064,081.50 Including: Gains from spoilage and obsolescence of non-current assets 735,854.42 123,249.85 Government grants 334,905.66 21,270,421.00 Less: Non-operating expenses 32,435,753.87 7,279,148.87 Including: Losses from spoilage and obsolescence of non-current assets 3,980,121.86 1,722,732.89 IV. Total profit (“-” indicating total loss) 3,025,621,223.64 3,085,888,545.09 Less: Income tax expenses 562,285,248.38 481,863,572.77 CONSOLIDATED INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 9 – Items Amount for the Current Period Amount for the Preceding Period V. Net profit (“-” indicating net loss) 2,463,335,975.26 2,604,024,972.32 Net profit attributable to owners of the parent company 2,424,528,447.78 2,569,355,902.93 Profit or loss of minority shareholders’ interests 38,807,527.48 34,669,069.39 (I) Net profit from continuing operations (“-” indicating net loss) 2,463,335,975.26 2,604,024,972.32 (II) Net profit from discontinued operations (“-” indicating net loss) VI. Net other comprehensive income after tax 22,579,101.04 -90,483,362.67 Net other comprehensive income after tax attributable to owners of the parent company 9,338,816.15 -90,483,362.67 (I) Other comprehensive income that cannot be reclassified to profit or loss 1. Re-measurement of changes in defined benefit plan 2. Other comprehensive income that cannot be reclassified to profit or loss under equity method 3. Changes in fair value of other equity instrument investments 4. Changes in fair value of enterprise’s own credit risk 5. Others CONSOLIDATED INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 10 – CONSOLIDATED INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period (II) Other comprehensive income that will be reclassified to profit or loss 9,338,816.15 -90,483,362.67 1. Other comprehensive income that may be reclassified to profit or loss under equity method 2. Changes in fair value of other debt investments 3. Gains or losses from changes in fair value of financial assets available-for-sale 4. Amount of financial assets reclassified into other comprehensive income 5. Gains or losses from held-to-maturity investment reclassified as financial assets available-for-sale 6. Provision for credit impairment of other debt investments 7. Effective part of hedging gains or losses from cash flows 3,960.37 -24,947,181.41 8. Exchange differences from translation of foreign currency financial statements 9,334,855.78 -65,536,181.26 9. Others * Net other comprehensive income after tax attributable to minority shareholders’ interests 13,240,284.89 VII. Total comprehensive income 2,485,915,076.30 2,513,541,609.65 Total comprehensive income attributable to owners of the parent company 2,433,867,263.93 2,478,872,540.26 * Total comprehensive income attributable to minority shareholders’ interests 52,047,812.37 34,669,069.39
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– 11 – CONSOLIDATED CASH FLOW STATEMENT September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period I. Cash flow generated from operating activities: Cash inflow on sales of goods and provision of labor services 21,064,556,564.62 15,967,287,334.70 ¶Net increase in deposits from customers and placements from bank and other financial institutions ¶Net increase in borrowings from central bank ¶Net increase in placements from other financial institutions ¶Net increase in disposal of financial assets at fair value through profit and loss ¶Cash received from interest, commission charge and commission ¶Net increase in placements from other financial institutions ¶Net increase in repurchase business funds Tax refunds received 125,953,260.26 232,215,886.31 Cash generated from other operating activities 465,667,614.28 2,717,969,300.03 Sub-total of cash inflows from operating activities 21,656,177,439.16 18,917,472,521.04 Cash paid for purchase of goods and engagement of labor services 8,803,746,526.16 9,026,051,912.60 ¶Net increase in loans and advances to customers ¶Net increase in deposits with central bank and placements from bank and other financial institutions ¶Cash paid for interest, commission charge and commission Cash paid to and for employees 955,413,059.34 901,937,796.96 Payments of all types of taxes 1,977,682,274.54 1,809,434,002.21 Cash paid for other operating activities 1,192,554,822.40 3,245,329,103.96 Sub-total of cash outflows for operating activities 12,929,396,682.44 14,982,752,815.73 Net cash flow generated from operating activities 8,726,780,756.72 3,934,719,705.31
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– 12 – Items Amount for the Current Period Amount for the Preceding Period II. Cash flow generated from investing activities: Cash received from disposal of investment 150,470,488.84 111,254,320.02 Cash received from investment gains 120,655,414.09 102,692,483.35 Net cash inflow on disposal of fixed assets, intangible assets and other long-term assets 124,850,233.93 443,609,793.13 Net cash inflow on disposal of subsidiaries and other operational units Cash generated from other investing activities 314,960,076.66 68,353,634.71 Sub-total of cash inflows from investing activities 710,936,213.52 725,910,231.21 Cash paid for acquisition of fixed assets, intangible assets and other long-term assets 4,697,236,744.15 3,732,679,149.09 Cash paid for investments 1,227,970,000.00 91,500,000.00 ¶Net increase of mortgaged loans Net cash paid for acquisition of subsidiaries and other operational units 1,029,400.00 1.00 Cash paid for other investing activities 90,460,278.78 880,044,695.70 Sub-total of cash outflows for investing activities 6,016,696,422.93 4,704,223,845.79 Net cash flow generated from investing activities -5,305,760,209.41 -3,978,313,614.58 CONSOLIDATED CASH FLOW STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 13 – Items Amount for the Current Period Amount for the Preceding Period III. Cash flow generated from financing activities: Cash received from investment 1,030,040,004.00 920,358,611.45 Including: Cash received from absorbing minority shareholders’ investment by subsidiaries 30,140,004.00 33,293,264.00 Cash received from obtaining borrowings 22,454,409,900.00 17,701,260,630.51 ¶Cash received from issuance of bonds Other cash receipts relating to financing activities 325,039,016.00 1,264,486.28 Sub-total of cash inflows from financing activities 23,809,488,920.00 18,622,883,728.24 Cash paid for repayment of debt 23,306,745,308.89 16,441,603,955.21 Cash paid for distribution of dividends, profit or payment of interests 2,283,446,624.42 2,274,569,991.80 Including: Dividend and profit of minority shareholders paid by subsidiaries 56,778,530.51 45,909,673.50 Cash paid for other financing activities 1,020,697,499.38 44,339,353.04 Sub-total of cash outflows for financing activities 26,610,889,432.69 18,760,513,300.05 Net cash flow generated from financing activities -2,801,400,512.69 -137,629,571.81 IV. Effect on cash and cash equivalent from change of exchange rate -87,655,473.98 -4,438,773.31 V. Net increase in cash and cash equivalent 531,964,560.64 -185,662,254.39 Add: Balance of cash and cash equivalent at the beginning of the period 7,394,256,577.10 6,588,887,853.25 VI. Balance of cash and cash equivalent at the end of the period 7,926,221,137.74 6,403,225,598.86 CONSOLIDATED CASH FLOW STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 14 – BALANCE SHEET 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Closing Balance Opening Balance Current assets: Cash 919,481,482.65 2,017,828,770.70 ¶Settlement reserves ¶Capital lend Financial assets held for trading Bills receivable Account receivable 434,810,824.73 481,577,711.81 Prepayments 25,910,133.03 6,956,023.53 Interest receivable Dividend receivable 9,818,617,635.82 8,014,322,406.44 Other receivables 2,683,249,777.45 2,535,392,676.50 ¶Financial assets held under resale agreements Inventory 3,272,885.24 3,501,160.82 Including: Raw materials 3,227,984.12 3,451,278.82 Stock inventory (finished products) Data resources Contract assets Held-for-sale assets Non-current assets due within one year 51,867,850.41 910,483,313.44 Other current assets 8,290,432,451.79 7,751,250,291.20 Total current assets 22,227,643,041.12 21,721,312,354.44
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– 15 – Items Closing Balance Opening Balance Non-current assets: ¶Grant of loans and advances Other debt investment Debt investment Long-term receivables Long-term equity investment 33,894,419,193.44 32,001,746,147.54 Investment in other equity instrument 106,000,000.00 106,000,000.00 Other non-current financial assets Investment properties Cost of fixed asset 2,190,464,033.86 2,189,591,303.71 Less: Accumulated depreciation 1,371,067,788.20 1,307,155,476.67 Fixed assets, net 819,396,245.66 882,435,827.04 Less: Provision for fixed asset impairment 23,028,663.76 23,028,663.76 Fixed assets, net 796,367,581.90 859,407,163.28 Construction in progress 31,581,442.53 16,276,460.37 Construction materials Fixed assets pending for disposal Productive biological assets Oil and gas assets Right-of-use assets 27,243,764.04 32,824,938.63 Intangible assets 25,917,846.29 27,932,512.44 Including: Data resources Development costs 54,828,104.53 10,214,068.30 Including: Data resources Goodwill Long-term deferred expenses 5,776,548.95 7,319,194.06 Deferred income tax assets 32,917,750.41 32,917,750.41 Other non-current assets 7,562,371,121.29 6,549,651,580.13 Total non-current assets 42,537,423,353.38 39,644,289,815.16 Total assets 64,765,066,394.50 61,365,602,169.60 BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 16 – BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Closing Balance Opening Balance Current liabilities: Short-term borrowings 6,848,834,948.63 4,250,271,568.06 ¶Borrowings from central bank ¶Absorbing deposit and interbank deposit ¶Capital borrowed Financial liabilities held for trading Derivative financial liabilities Bills payable Account payables 65,473,367.10 32,399,403.90 Advances received Contract liabilities 1,095,518.87 ¶Selling financial assets of repurchase ¶Commission charge and commission payable Employee salary payable 38,227,860.36 40,790,901.19 Including: Salary payable 330,271.27 278,566.78 Welfare payable Tax charge payable 4,100,056.01 21,931,742.38 Including: Tax payable 4,019,087.31 21,317,662.34 Interest payable Dividend payable Other payables 4,306,188,986.87 3,978,761,095.75 ¶Client money received for acting as securities trading agent ¶Client money received for acting as securities underwriter Liabilities held for sale Non-current liabilities due within one year 2,074,256,549.90 3,178,688,604.56 Other current liabilities 5,037,479,755.38 5,533,587,420.23 Total current liabilities 18,375,657,043.12 17,036,430,736.07
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– 17 – Items Closing Balance Opening Balance Non-current liabilities: Long-term borrowings 2,035,645,380.00 4,011,643,262.00 Debentures payable 9,000,000,000.00 7,000,000,000.00 Including: Preferred shares Perpetual bond Lease liabilities 20,481,411.33 27,760,854.64 Long-term payables 196,923,231.77 196,939,097.11 Long-term employee salary payable Specific payables Accrued liabilities Deferred income 1,773,569.44 9,406,380.81 Deferred income tax liabilities 17,668,267.57 17,668,267.57 Other non-current liabilities Total non-current liabilities 11,272,491,860.11 11,263,417,862.13 Total liabilities 29,648,148,903.23 28,299,848,598.20 BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 18 – Items Closing Balance Opening Balance Owners’ equity (or Shareholders’ equity): Paid-in capital (Share capital) 8,244,508,144.00 8,244,508,144.00 Other equity instruments 3,000,000,000.00 3,000,000,000.00 Including: Preferred shares Perpetual bond 3,000,000,000.00 3,000,000,000.00 Capital reserves 5,348,959,761.19 5,348,959,761.19 Less: Treasury shares Other comprehensive income 28,479,375.00 28,479,375.00 Including: Foreign currency translation differences Special reserves 3,231,245.59 1,070,855.29 Surplus reserves 2,434,164,390.57 2,434,164,390.57 Including: Statutory reserve 2,434,164,390.57 2,434,164,390.57 Discretionary reserve ¶Generic risk reserve Unallocated profits 16,057,574,574.92 14,008,571,045.35 Total equity attributable to the parent’s owners 35,116,917,491.27 33,065,753,571.40 *Minority shareholders’ interest Total owners’ equity 35,116,917,491.27 33,065,753,571.40 Total liabilities and owners’ equity 64,765,066,394.50 61,365,602,169.60 BALANCE SHEET (CONTINUED) 30 September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 19 – INCOME STATEMENT September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period I. Total operating revenue 157,512,598.37 178,043,535.96 Including: Operating revenue 157,512,598.37 178,043,535.96 ¶Interest income ¶Commission charge and commission income II. Total operating costs 864,005,701.93 831,149,400.82 Including: Operating costs 89,311,911.51 100,936,709.78 ¶Interest costs ¶Commission charge and commission expenses Tax and surcharges 3,640,198.58 4,366,631.32 Selling expenses Administrative expenses 350,195,067.99 317,315,897.02 Research and development expenses Finance costs 420,858,523.85 408,530,162.70 Including: Interest expenses 422,473,403.17 418,305,937.50 Interest income 3,139,587.65 9,358,534.63 Foreign exchange loss, net (“-” indicating net gain) 548,857.57 5,915,314.53 Other Plus: Other gains 25,283,732.07 31,010,318.34 Investment income (“-” indicating loss) 3,962,079,991.18 3,693,300,583.84 Including: Investment income from associates and joint ventures 96,823,459.86 93,050,357.87 Gain from derecognition of financial assets measured at amortized cost
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– 20 – Items Amount for the Current Period Amount for the Preceding Period ¶Foreign exchange gain (“-” indicating loss) Gain from net exposure hedges (“-” indicating loss) Gains from changes in fair value (“-” indicating loss) Credit impairment losses (“-” indicating loss) Asset impairment losses (“-” indicating loss) Gains from disposal of assets (“-” indicating loss) 4,259.04 68,575.65 III. Operating profit (“-” indicating loss) 3,280,874,878.73 3,071,273,612.97 Plus: Non-operating revenue 80,000.45 1,393,897.70 Including: Gains from spoilage and obsolescence of non-current assets Government grants 1,260,421.00 Less: Non-operating expenses 5,036,685.02 52,845.00 Including: Losses from spoilage and obsolescence of non-current assets IV. Total profit (“-” indicating total loss) 3,275,918,194.16 3,072,614,665.67 Less: Income tax expenses -26,948.24 V. Net profit (“-” indicating net loss) 3,275,918,194.16 3,072,641,613.91 Net profit attributable to owners of the parent company 3,275,918,194.16 3,072,641,613.91 Profit or loss of minority shareholders’ interests (I) Net profit from continuing operations (“-” indicating net loss) 3,275,918,194.16 3,072,641,613.91 (II) Net profit from discontinued operations (“-” indicating net loss) INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 21 – Items Amount for the Current Period Amount for the Preceding Period VI. Net other comprehensive income after tax Net other comprehensive income after tax attributable to owners of the parent company (I) Other comprehensive income that cannot be reclassified to profit or loss 1. Re-measurement of changes in defined benefit plan 2. Other comprehensive income that cannot be reclassified to profit or loss under equity method 3. Changes in fair value of other equity instrument investments 4. Changes in fair value of enterprise’s own credit risk 5. Others INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 22 – INCOME STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period (II) Other comprehensive income that will be reclassified to profit or loss 1. Other comprehensive income that may be reclassified to profit or loss under equity method 2. Changes in fair value of other debt investments 3. Gains or losses from changes in fair value of financial assets available-for-sale 4. Amount of financial assets reclassified into other comprehensive income 5. Gains or losses from held-to-maturity investment reclassified as financial assets available-for-sale 6. Provision for credit impairment of other debt investments 7. Effective part of hedging gains or losses from cash flows 8. Exchange differences from translation of foreign currency financial statements 9. Others * Net other comprehensive income after tax attributable to minority shareholders’ interests VII. Total comprehensive income 3,275,918,194.16 3,072,641,613.91 Total comprehensive income attributable to owners of the parent company 3,275,918,194.16 3,072,641,613.91 * Total comprehensive income attributable to minority shareholders’ interests
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– 23 – CASH FLOW STATEMENT September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB Items Amount for the Current Period Amount for the Preceding Period I. Cash flow generated from operating activities: Cash inflow on sales of goods and provision of labor services 225,802,306.08 309,572,290.64 ¶Net increase in deposits from customers and placements from bank and other financial institutions ¶Net increase in borrowings from central bank ¶Net increase in placements from other financial institutions ¶Net increase in disposal of financial assets at fair value through profit and loss ¶Cash received from interest, commission charge and commission ¶Net increase in placements from other financial institutions ¶Net increase in repurchase business funds Tax refunds received 6,583,590.31 11,260,467.23 Cash generated from other operating activities 1,914,221,854.72 3,836,046,872.81 Sub-total of cash inflows from operating activities 2,146,607,751.11 4,156,879,630.68 Cash paid for purchase of goods and engagement of labor services 22,267,516.50 25,536,118.03 ¶Net increase in loans and advances to customers ¶Net increase in deposits with central bank and placements from bank and other financial institutions ¶Cash paid for interest, commission charge and commission Cash paid to and for employees 305,889,632.65 267,148,955.52 Payments of all types of taxes 72,264,632.47 72,125,019.15 Cash paid for other operating activities 1,060,548,597.06 5,120,186,380.64 Sub-total of cash outflows for operating activities 1,460,970,378.68 5,484,996,473.34 Net cash flow generated from operating activities 685,637,372.43 -1,328,116,842.66
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– 24 – Items Amount for the Current Period Amount for the Preceding Period II. Cash flow generated from investing activities: Cash received from disposal of investment 10,038,962,984.40 7,869,606,312.00 Cash received from investment gains 2,145,226,821.24 2,030,195,489.10 Net cash inflow on disposal of fixed assets, intangible assets and other long-term assets 65,230.31 141,914.00 Net cash inflow on disposal of subsidiaries and other operational units Cash generated from other investing activities 51,000,000.00 Sub-total of cash inflows from investing activities 12,184,255,035.95 9,950,943,715.10 Cash paid for acquisition of fixed assets, intangible assets and other long-term assets 55,949,742.39 34,955,711.14 Cash paid for investments 13,262,501,920.00 7,417,911,731.00 ¶Net increase of mortgaged loans Net cash paid for acquisition of subsidiaries and other operational units Cash paid for other investing activities 57,219,114.00 712,655,603.45 Sub-total of cash outflows for investing activities 13,375,670,776.39 8,165,523,045.59 Net cash flow generated from investing activities -1,191,415,740.44 1,785,420,669.51 III. Cash flow generated from financing activities: Cash received from investment 999,900,000.00 Including: Cash received from absorbing minority shareholders’ investment by subsidiaries Cash received from obtaining borrowings 17,370,560,000.00 10,366,000,000.00 ¶Cash received from issuance of bonds Other cash receipts relating to financing activities Sub-total of cash inflows from financing activities 18,370,460,000.00 10,366,000,000.00 CASH FLOW STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB
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– 25 – Items Amount for the Current Period Amount for the Preceding Period Cash paid for repayment of debt 16,309,357,882.00 10,698,146,312.00 Cash paid for distribution of dividends, profit or payment of interests 1,650,094,334.19 1,616,177,511.57 Including: Dividend and profit of minority shareholders paid by subsidiaries Cash paid for other financing activities 1,003,576,703.85 5,839,000.77 Sub-total of cash outflows for financing activities 18,963,028,920.04 12,320,162,824.34 Net cash flow generated from financing activities -592,568,920.04 -1,954,162,824.34 IV. Effect on cash and cash equivalent from change of exchange rate V. Net increase in cash and cash equivalent -1,098,347,288.05 -1,496,858,997.49 Add: Balance of cash and cash equivalent at the beginning of the period 2,017,828,770.70 2,580,107,266.11 VI. Balance of cash and cash equivalent at the end of the period 919,481,482.65 1,083,248,268.62 By Order of the Board Beijing Jingneng Clean Energy Co., Limited CHEN Dayu Chairman Beijing, the PRC 30 October 2025 As at the date of this announcement, the executive directors of the Company are Mr. Chen Dayu, Mr. Li Minghui and Mr. Zhang Wei; the non-executive directors are Mr. Zhou Jianyu, Mr. Song Zhiyong and Ms. Zhang Yi; the independent non-executive directors are Ms. Zhao Jie, Mr. Wang Hongxin, Mr. Qin Haiyan and Ms. Hu Zhiying. CASH FLOW STATEMENT (CONTINUED) September 2025 Prepared by Beijing Jingneng Clean Energy Co., Limited Unit: RMB