Huadian Power International Corporation (1071) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 30.47 billion, down 9.43% year-over-year.

• Net profit attributable to shareholders was RMB 1.79 billion, a decrease of 9.93% year-over-year.

• Basic EPS was RMB 0.14, down 17.65% year-over-year.

• Operating cash flow dropped 48.11% year-over-year to RMB 5.64 billion, mainly due to a high base last year and lower electricity income.

Financial highlights

• Total assets at quarter-end were RMB 259.86 billion, down 1.65% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders rose 2.66% to RMB 71.00 billion.

• Total profit for the quarter was RMB 3.04 billion, down 1.82% year-over-year.

• Gross margin and operating profit both declined compared to Q1 2025.

Outlook and guidance

• Management cited lower electricity income as a key challenge for the quarter.