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SDIC Power (600886) investor relations material
SDIC Power H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for H1 2026 was RMB 23.89 billion, down 7.05% year-over-year; net profit attributable to shareholders was RMB 3.54 billion, down 6.83% year-over-year.
Clean energy accounted for 72.57% of installed capacity, with hydropower at 44.70% and new energy (including storage) at 27.87%.
Total assets reached RMB 317.47 billion, up 1.24% from year-end 2025; asset-liability ratio increased to 61.26%.
Financial highlights
Operating costs decreased 2.76% year-over-year to RMB 14.56 billion.
Basic EPS was RMB 0.4330, down 9.09% year-over-year; weighted average ROE was 5.05%.
Net cash flow from operating activities was RMB 10.95 billion, down 22.33% year-over-year.
Non-recurring gains and losses totaled RMB 48.44 million.
Outlook and guidance
The company will continue to expand clean energy, optimize its energy mix, and focus on high-quality project deployment.
Plans to strengthen risk management, adapt to market reforms, and enhance operational efficiency.
The controlling shareholder intends to increase holdings by RMB 150 million within six months, signaling confidence in long-term value.
- Net profit rose 1.36% to RMB 3.79 billion as clean energy reached 71.84% of capacity.600886
H1 2025 - Revenue up 1.95%, net profit down 0.92%, clean energy at 70.42% of capacity, 55% payout.600886
H2 2024 - Revenue declined but net profit rose slightly in Q1 2026, with stable asset growth.600886
Q1 2026 - Revenue and net profit declined year-over-year, but assets, equity, and cash flow increased.600886
Q3 2025 - Net profit grew 11.3% to RMB 7.39B as clean energy capacity and margins improved.600886
H2 2025 - Revenue and net profit rose year-over-year, with strong operating cash flow growth.600886
Q3 2024 - Net profit up 12.19% and clean energy at 68.53% of capacity, with strong cash flow growth.600886
H1 2024 - Net profit rose 2.10% year-over-year despite a 6.99% drop in operating revenue.600886
Q1 2025
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