SDIC Power (600886) Q3 2025 earnings summary

Executive summary

• Operating revenue for Q3 2025 was RMB 14.88 billion, down 13.98% year-over-year; year-to-date revenue was RMB 40.57 billion, down 8.61% year-over-year.

• Net profit attributable to shareholders for Q3 2025 was RMB 2.72 billion, down 3.94% year-over-year; year-to-date net profit was RMB 6.52 billion, down 0.92% year-over-year.

• Total assets increased to RMB 314.01 billion, up 5.89% from year-end 2024; owners' equity attributable to shareholders rose 16.10% to RMB 71.97 billion.

Financial highlights

• Basic earnings per share for Q3 2025 was RMB 0.3357, down 10.05% year-over-year; year-to-date EPS was RMB 0.8135, down 5.78%.

• Net cash flow from operating activities for the first nine months was RMB 24.07 billion, up 12.69% year-over-year.

• Total comprehensive income for the first nine months was RMB 11.90 billion.

• Non-recurring losses for Q3 2025 were RMB 1.82 million; year-to-date non-recurring gains were RMB 16.19 million.

Outlook and guidance

• No explicit forward-looking statements or guidance provided in the report.