Datang International Power Generation (991) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB 30.27 billion, up 0.22% year-over-year, with net profit attributable to equity holders rising 29.26% to RMB 2.89 billion.

• Basic and diluted EPS increased 40.24% year-over-year, driven by lower fuel costs and revenue growth.

• Total assets stood at RMB 331.35 billion at quarter-end, with owners' equity attributable to equity holders up 3.15% from year-end 2025.

Financial highlights

• Total profit for Q1 2026 was RMB 4.14 billion, up 27.39% year-over-year.

• Net cash flows from operating activities decreased 7.99% to RMB 8.57 billion.

• Non-recurring profit/loss items contributed RMB 25.78 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Earnings growth attributed to lower fuel costs and increased operating revenue, suggesting continued focus on cost management and operational efficiency.