Henan Shenhuo Coal Industry and Electricity Power (000933) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥12.41 billion, up 28.83% year-over-year, with net profit attributable to shareholders at ¥2.29 billion, a 223.28% increase year-over-year.

• Significant profit growth driven by higher electrolytic aluminum prices and lower alumina costs, boosting segment profitability.

• Operating cash flow surged 139.31% year-over-year to ¥4.04 billion, reflecting robust sales and improved collections.

Financial highlights

• Gross margin and net margin improved sharply due to favorable market prices and cost controls.

• Basic and diluted EPS both at ¥1.035, up over 222% year-over-year.

• Total assets at quarter-end were ¥52.72 billion, up 7.90% from year-end 2025.

• Shareholders’ equity increased 9.47% from year-end 2025.

Outlook and guidance

• Ongoing strategic focus on aluminum processing and value chain integration, with continued investment in capacity and efficiency.

• Market conditions for electrolytic aluminum expected to remain favorable, supporting profitability.