China Energy Engineering (3996) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB 102.02 billion, up 1.64% year-over-year, while net profit attributable to shareholders declined 9.75% to RMB 1.45 billion.

• The company focused on expanding core business markets, securing major contracts in energy, power, and water resources, with core business contracts accounting for 80% of the total.

• Significant breakthroughs were made in new energy, energy storage, and hydrogen energy, with new contracts in these areas representing 46% of domestic contracts.

• Overseas business remained robust, with RMB 91.39 billion in newly signed contracts, over 80% in energy, power, and water conservancy.

Financial highlights

• Operating revenue: RMB 102,018 million (up 1.64% YoY).

• Net profit attributable to shareholders: RMB 1,454 million (down 9.75% YoY).

• Net cash flow from operating activities: -RMB 23,722 million (negative, worsened from -RMB 14,509 million YoY).

• Basic and diluted EPS: RMB 0.034 (down 8.11% YoY).

• Total assets: RMB 956,107 million (up 1.54% from year-end 2025).

• Owner's equity attributable to shareholders: RMB 127,869 million (up 6.57% from year-end 2025).

Outlook and guidance

• The company is committed to high-quality development, focusing on technological innovation, digital transformation, and green energy solutions.

• Strategic emphasis on expanding core and emerging business sectors, with continued investment in R&D and international projects.