Beijing Jingneng Clean Energy (579) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was RMB 6.54 billion, down 4% year-over-year from RMB 6.82 billion.

• Net profit attributable to owners was RMB 1.06 billion, a 18% decrease compared to RMB 1.29 billion in Q1 2025.

• Total assets stood at RMB 102.50 billion at March 31, 2026, with total equity of RMB 40.50 billion.

Financial highlights

• Operating costs increased slightly to RMB 4.81 billion from RMB 4.70 billion year-over-year.

• Finance costs decreased to RMB 262 million from RMB 289 million year-over-year.

• Net cash flow from operating activities was RMB 2.05 billion, down from RMB 2.33 billion in Q1 2025.

• Net cash flow from investing activities improved to -RMB 439 million from -RMB 1.25 billion year-over-year.

• Net cash flow from financing activities was -RMB 2.78 billion, a larger outflow than -RMB 1.84 billion in Q1 2025.

Outlook and guidance

• No explicit forward-looking guidance provided, but the decrease in revenue and profit signals a challenging operating environment.