China Yangtze Power (600900) Q3 2026 earnings summary

Executive summary

• Q3 attributable net profit was RMB11.588bn, down 23.44% YoY; 9M attributable net profit was RMB26.344bn, down 6.56% YoY.

• 9M operating revenue reached RMB63.056bn, down 4.08% YoY; operating cash flow was RMB40.343bn, down 5.95% YoY.

Financial highlights

• 9M total operating costs were RMB34.694bn vs RMB35.905bn; operating profit was RMB32.364bn vs RMB34.213bn.

• 9M net profit was RMB26.744bn vs RMB28.555bn; total profit was RMB31.923bn vs RMB33.615bn.

• 9M basic and diluted EPS were RMB1.0767, down 6.56% YoY; Q3 EPS was RMB0.4736, down 23.44% YoY.

• 9M investment income was RMB3.967bn vs RMB4.237bn, including RMB3.762bn from associates and joint ventures.

Key financial ratios and metrics

• Weighted average ROE was 11.66% for 9M, down 1.35 percentage points YoY; Q3 ROE was 5.21%, down 1.87 percentage points.

• Total assets were RMB559.297bn at September 30, 2026, up 0.02% from year-end 2025; attributable equity was RMB228.393bn.