Huadian Power International Corporation (1071) Q2 2026 earnings summary

Executive summary

• Power generation reached 107.79 million MWh and on-grid power sold was 101.04 million MWh for H1 2026.

• Operating revenue was RMB54,264 million, down 9.49% year-over-year due to lower power generation.

• Net profit attributable to shareholders was RMB3,105 million, a 20.47% decrease year-over-year.

• Basic earnings per share was RMB0.25, down 24.24% year-over-year.

• Interim dividend of RMB0.09 per share proposed, totaling RMB1,045 million.

Financial highlights

• Total operating revenue: RMB54,264 million (down 9.49% YoY).

• Net profit attributable to shareholders: RMB3,105 million (down 20.47% YoY).

• Operating costs: RMB47,916 million (down 10.48% YoY), mainly due to lower fuel costs.

• Fuel costs: RMB33,212 million (down 12.49% YoY).

• Finance costs: RMB1,469 million (down 10.15% YoY).

Outlook and guidance

• Power market faces pressure from rapid clean energy growth and market reforms, reducing thermal power utilization and margins.

• Coal market volatility expected due to seasonal demand and geopolitical risks; cost control and supply security prioritized.

• Environmental compliance and carbon reduction costs to rise due to stricter regulations and low-carbon transition.