China Yangtze Power (600900) Q2 2026 earnings summary

Executive summary

• Achieved record-high revenue of ¥37.93 billion, up 3.36% year-over-year, and net profit attributable to shareholders of ¥14.76 billion, up 13.02% year-over-year.

• Core hydropower business delivered 132.74 TWh generation, with net profit and total profit both at historical highs for the first half.

• Maintained stable operations, zero major safety incidents, and strong performance in international business, with overseas net profit up over 30% year-over-year.

• Continued expansion in pumped storage and new energy projects, with significant investments in multiple provinces.

Financial highlights

• Operating income: ¥37.93 billion, up 3.36% year-over-year; total profit: ¥18.11 billion, up 16.41%.

• Net profit attributable to shareholders: ¥14.76 billion, up 13.02% year-over-year; basic and diluted EPS: ¥0.6031, up 13.02%.

• Net cash flow from operating activities: ¥24.13 billion, up 0.57% year-over-year.

• Total assets: ¥561.35 billion, up 0.38% from year-end; net assets attributable to shareholders: ¥216.13 billion, down 2.35%.

• Non-recurring profit and loss: ¥461.66 million.

Outlook and guidance

• Focus on core hydropower operations, further expansion in pumped storage and new energy, and continued international business growth.

• Ongoing commitment to stable operations, risk management, and shareholder returns.

• No interim profit distribution or capital reserve to share capital plan for the half-year.