CGN POWER (1816) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was RMB16.32 billion, down 13.25% year-over-year (restated), mainly due to lower on-grid power generation and market tariffs.

• Net profit attributable to shareholders was RMB2.74 billion, a 9.33% decrease year-over-year (restated).

• Total on-grid power generation by the group was 50.96 billion kWh, down 10.11% year-over-year.

Financial highlights

• Operating revenue: RMB16.32 billion, down 13.25% year-over-year (restated).

• Net profit attributable to shareholders: RMB2.74 billion, down 9.33% year-over-year (restated).

• Net cash flows from operating activities: RMB3.48 billion, up 44.18% year-over-year.

• Basic EPS: RMB0.054, down 10% year-over-year.

• Total assets at period end: RMB530.29 billion, up 4.87% from year-end 2025.

Outlook and guidance

• Dividend of RMB0.86 per 10 shares for 2025 proposed, subject to AGM approval, to be paid around July 10, 2026.

• Convertible bonds conversion period started January 15, 2026, ending July 8, 2031.