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Zhejiang Zheneng Electric Power (600023) investor relations material
Zhejiang Zheneng Electric Power Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M revenue fell 8.29% YoY to ¥53.94bn; parent-attributable net income declined 76.79% to ¥1.446bn, amid lower power prices, higher coal costs and weaker investee results.
Q3 parent-attributable net loss was ¥56.8m, versus a profit in the prior-year quarter; Q3 revenue was ¥21.36bn, down 8.49% YoY.
Financial highlights
9M operating profit was ¥732.7m versus ¥8.003bn a year earlier; total profit was ¥720.8m, down 90.99% YoY.
9M consolidated net income was ¥670.2m versus ¥7.034bn; parent-attributable net income was ¥1.446bn versus ¥6.230bn.
9M revenue was ¥53.94bn versus ¥58.81bn; total operating costs were ¥55.73bn versus ¥54.11bn.
9M adjusted for non-recurring items, parent-attributable net income was ¥1.380bn, down 77.22% YoY; non-recurring gains totaled ¥77.7m.
Key financial ratios and metrics
9M basic and diluted EPS were ¥0.11, down 76.09% YoY; Q3 EPS was ¥0.00, down 100% YoY.
9M weighted-average return on equity was 1.91%, down 6.43 percentage points YoY; Q3 was -0.08%, down 3.73 percentage points.
9M operating cash flow was ¥5.681bn, down 48.17% YoY.
- Net profit fell 57% on lower power prices and higher costs, but green investments advanced.600023
Q2 2026 - Net profit fell 3% to ¥7.53 billion on lower revenue, with strong power margins and major nuclear investments.600023
H2 2025 - Revenue and profit declined year-over-year as electricity prices and subsidies fell.600023
Q1 2026 - Revenue and profit fell on lower electricity prices and PV sales, with a key acquisition completed.600023
Q3 2025 - Net profit fell 10.6% on lower revenue, but cash flow and dividends remained robust.600023
H1 2025 - YTD net profit rose 12.37% despite revenue decline, driven by lower coal costs.600023
Q3 2024 - Net profit jumped 41% as cost controls offset flat revenue, but solar losses persisted.600023
H1 2024 - Net profit rose 18.92% year-over-year on strong power output and robust cash flow.600023
H2 2024 - Net profit dropped 40.81% on lower electricity prices, but cash flow nearly doubled.600023
Q1 2025
Next Zhejiang Zheneng Electric Power earnings date
Next Zhejiang Zheneng Electric Power earnings date
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