Shanghai Electric Group (2727) Q3 2026 earnings summary

Executive summary

• 9M 2026 total revenue was RMB97,612,393 thousand, up 18.35% YoY; net profit attributable to parent shareholders rose 16.70% to RMB1,242,647 thousand, while consolidated net profit fell to RMB2,240,335 thousand from RMB2,620,970 thousand.

• Total assets were RMB338,599,807 thousand at 30 September 2026, versus RMB326,058,408 thousand at the end of 2025; parent-attributable net assets were RMB55,544,900 thousand.

Financial highlights

• Q3 total revenue was RMB34,070,195 thousand, up 21.63% YoY on the restated comparison; revenue was RMB33,937,722 thousand, up 21.99%.

• Q3 total profit was RMB904,024 thousand, up 8.37% YoY; net profit attributable to parent shareholders was RMB272,513 thousand, up 11.72%.

• 9M operating profit was RMB3,462,228 thousand versus RMB3,635,948 thousand; total profit was RMB3,475,732 thousand versus RMB3,666,456 thousand.

• 9M net profit attributable to parent shareholders after excluding non-recurring profit or loss was RMB614,218 thousand, up 0.86% YoY.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB0.080 per share, versus RMB0.068 YoY; Q3 basic and diluted EPS were RMB0.018, versus RMB0.016.

• Weighted-average return on net assets was 2.25% for 9M, up 0.26 percentage points YoY; Q3 was 0.49%, up 0.04 percentage points.

• 9M total comprehensive income was RMB1,979,580 thousand, versus RMB2,771,504 thousand in the restated prior-year period.