China Three Gorges Renewables (600905) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue fell 6.89% YoY to RMB 19.815bn; profit before tax fell 59.61% to RMB 2.232bn and parent-attributable net income fell 66.88% to RMB 1.428bn.

• Q3 revenue declined 1.33% YoY to RMB 6.458bn; parent-attributable net income fell 57.88% to RMB 209.5m.

Financial highlights

• 9M adjusted for non-recurring items, parent-attributable net income was RMB 1.363bn, down 63.65% YoY; Q3 adjusted net income was RMB 219.4m, down 59.94%.

• 9M operating cash flow was RMB 16.781bn, down 2.54% YoY; investing cash flow was negative RMB 13.888bn.

• Q3 profit before tax was RMB 432.4m, down 44.74% YoY; Q3 adjusted net income was RMB 219.4m.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB 0.05 per share, down 66.82% YoY; Q3 basic and diluted EPS were RMB 0.0073, down 58.05%.

• 9M weighted average return on equity was 1.61%, down 3.27 percentage points YoY.

• Total assets were RMB 397.778bn at Sep. 30, up 2.72% from year-end 2025; parent-attributable equity was RMB 88.663bn, up 0.01%.