Guanghui Energy (600256) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥14.24 billion, down 9.57% year-over-year, mainly due to lower international natural gas sales volume and prices.

• Net profit attributable to shareholders rose 49.81% year-over-year to ¥1.28 billion, with a 51.60% increase in total profit.

• Operating cash flow remained stable at ¥2.81 billion.

• The company maintained a strong focus on core energy businesses, safety, and efficiency, while advancing major projects and green initiatives.

Financial highlights

• Operating income: ¥14.24 billion (down 9.57% YoY).

• Net profit attributable to shareholders: ¥1.28 billion (up 49.81% YoY).

• Basic and diluted EPS: ¥0.20 (up 53.61% YoY).

• Gross margin improved as cost controls offset revenue decline.

• Net assets attributable to shareholders: ¥24.99 billion (up 3.18% from year-end).

Outlook and guidance

• The company will continue to focus on expanding high-quality coal capacity, extending the industrial chain, and integrating green energy and CCUS projects.

• Market volatility in energy prices and international supply chain risks are expected to persist.