Shanghai Electric Group (2727) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 9.49% year-over-year to RMB 24.19 billion, with net profit attributable to shareholders up 30.15% to RMB 380 million.

• Core business maintained steady growth, driving increases in both operating revenue and gross profit compared to the same period last year.

Financial highlights

• Total revenue reached RMB 24.32 billion, up 9.32% year-over-year.

• Net profit attributable to shareholders was RMB 380 million, a 30.15% increase year-over-year.

• Net profit after excluding non-recurring items was RMB 287 million, up 39.75% year-over-year.

• Basic and diluted EPS both increased 30.32% to RMB 0.0245.

• Net cash flow from operating activities improved to -RMB 800 million from -RMB 3.87 billion in Q1 2025.

Outlook and guidance

• Management emphasized continued focus on core business and operational strengthening to sustain growth.