SDIC Power (600886) Q3 2025 earnings summary

Executive summary

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

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

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

Financial highlights

• Total assets at Q3-end were RMB 314.01 billion, up 5.89% from the previous year-end.

• Shareholders’ equity attributable to listed company shareholders was RMB 71.97 billion, up 16.10% from the previous year-end.

• Basic and diluted EPS for Q3 were RMB 0.3357, down 10.05% year-over-year; YTD EPS was RMB 0.8135, down 5.78% year-over-year.

• Gross margin and net margin details not explicitly provided, but operating profit for the first nine months was RMB 14.07 billion.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 3.81%, down 1.20 percentage points year-over-year; YTD ROE was 10.06%, down 1.57 percentage points.

• Net cash from operating activities increased 12.69% year-over-year to RMB 24.07 billion for the first nine months.