SDIC Power (600886) H1 2025 earnings summary

Executive summary

• Achieved operating revenue of ¥25.70 billion in H1 2025, down 5.18% year-over-year; net profit attributable to shareholders rose 1.36% to ¥3.80 billion.

• Clean energy installed capacity reached 71.84% of total, with water, wind, and solar power as key growth drivers.

• Completed a private placement of 550 million A-shares to the National Social Security Fund, increasing total share capital to 8.00 billion shares.

• No interim dividend or capital reserve transfer plan proposed for the period.

Financial highlights

• Operating revenue: ¥25.70 billion, down 5.18% year-over-year.

• Net profit attributable to shareholders: ¥3.80 billion, up 1.36% year-over-year.

• Basic EPS: ¥0.4763, down 2.84% year-over-year.

• Net cash flow from operating activities: ¥14.10 billion, up 13.01% year-over-year.

• Total assets: ¥315.25 billion, up 6.31% from year-end 2024.

Outlook and guidance

• Clean energy expansion remains a strategic focus, with continued investment in water, wind, and solar projects.

• Company expects ongoing market competition and policy-driven volatility in electricity prices.

• Emphasis on risk management, project quality, and innovation to support future growth.