Guanghui Energy (600256) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 6.86 billion, down 22.95% year-over-year due to lower natural gas and coal chemical product prices and reduced coal sales volume.

• Net profit attributable to shareholders was RMB 236 million, a 65.90% decrease year-over-year.

• Operating cash flow increased 93.77% year-over-year to RMB 1.46 billion, reflecting stronger cash collection and strict cost control.

Financial highlights

• Total assets at quarter-end were RMB 50.71 billion, down 0.41% from year-end 2025.

• Shareholders’ equity rose 0.79% to RMB 24.41 billion.

• Basic and diluted EPS were RMB 0.0370, down 64.96% year-over-year.

• Gross margin declined as revenue and profit both fell sharply.

Outlook and guidance

• The company aims to strengthen its core business, enhance management, and drive innovation for transformation.

• Focus remains on safety, production growth in coal, oil, and gas, and quality improvement.