Guangxi Guiguan Electric PowerCo (600236) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 19.21% YoY to RMB 8.745bn and attributable net income rose 19.04% to RMB 2.880bn, supported by stronger hydropower output.

• Q3 revenue fell 4.79% YoY to RMB 3.028bn and attributable net income declined 8.98% to RMB 1.121bn, reflecting lower generation.

• 9M financial statements were unaudited.

Financial highlights

• Q3 total profit was RMB 1.537bn, down 6.13% YoY; 9M total profit was RMB 3.951bn, up 22.39%.

• Q3 adjusted attributable net income was RMB 1.109bn, down 10.59% YoY; 9M adjusted attributable net income was RMB 2.889bn, up 18.93%.

• 9M operating income was RMB 3.994bn versus RMB 3.253bn a year earlier; net income was RMB 3.312bn versus RMB 2.766bn.

• 9M basic and diluted EPS were RMB 0.3603, up 19.45%; Q3 EPS was RMB 0.1405, down 9.32%.

• 9M operating cash flow was RMB 5.223bn, down 1.03% YoY as operating cash outflows increased.

Key financial ratios and metrics

• 9M weighted-average ROE was 14.922%, up 1.23 percentage points YoY; Q3 ROE was 5.8598%, down 1.26 percentage points.

• Total assets at Sept. 30 were RMB 52.365bn, down 0.39% from year-end 2025; attributable equity was RMB 20.768bn, essentially unchanged.

• Q3 basic and diluted EPS were equal; no potential ordinary shares were outstanding.