Shanghai Electric Group (2727) Q3 2025 earnings summary

Executive summary

• Report covers nine months ended 30 September 2025, prepared under PRC Accounting Standards and reviewed by the audit committee.

• Management confirms accuracy and completeness of the financial statements.

Financial highlights

• Total revenue for the nine months: RMB 82,276 million, up 7.42% year-over-year.

• Net profit attributable to shareholders: RMB 1,065 million, up 8.48% year-over-year.

• Net profit after excluding non-recurring items: RMB 609 million, up 106.69% year-over-year.

• Basic and diluted EPS: RMB 0.068, up 7.94% year-over-year.

• Net cash flow from operating activities: RMB 1,646 million, a significant increase from RMB 24 million in the prior year.

Outlook and guidance

• Year-on-year growth in operating revenue and gross profit attributed to favorable coal-fired power policies.