Guangxi Guiguan Electric PowerCo (600236) Q4 2025 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of ¥3.28 billion, up 43.63% year-over-year, with total revenue of ¥10.39 billion, up 8.28%.

• Total power generation reached 46.142 billion kWh, up 26.68% year-over-year, driven by increased hydropower output and expanded new energy capacity.

• Maintained high cash dividend payout, with total dividends of ¥2.31 billion, representing 70.42% of net profit.

• Received an unqualified audit opinion and maintained an A-level information disclosure rating for the third consecutive year.

Financial highlights

• Net profit attributable to shareholders: ¥3.28 billion, up 43.63% year-over-year.

• Operating revenue: ¥10.39 billion, up 8.28% year-over-year.

• Operating cash flow: ¥6.96 billion, up 24.09% year-over-year.

• Basic EPS: ¥0.4088, up 47.32% year-over-year.

• Net assets attributable to shareholders: ¥20.77 billion, up 9.90% year-over-year.

Outlook and guidance

• 2026 power generation target: 44.723 billion kWh; revenue target: ¥10.31 billion.

• Strategic focus on increasing new energy installed capacity to over 50% by the end of the 15th Five-Year Plan.

• Emphasis on safety, cost control, and green energy expansion, with continued high dividend policy.