Shenergy Company (600642) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 was RMB 13.68 billion, down 1.60% year-over-year; net profit attributable to shareholders rose 18.66% to RMB 2.19 billion.

• Clean energy installed capacity reached 5.28 GW, accounting for 31% of total; new energy generation grew 6.6% year-over-year.

• Operating cash flow increased 21.85% to RMB 4.45 billion; company maintained stable operations and advanced green transition.

• No major safety incidents; continued focus on digital transformation, cost control, and capital efficiency.

Financial highlights

• Net profit attributable to shareholders: RMB 2.19 billion, up 18.66% year-over-year.

• Revenue: RMB 13.68 billion, down 1.60% year-over-year.

• Operating cash flow: RMB 4.45 billion, up 21.85% year-over-year.

• Basic and diluted EPS: RMB 0.447, up 17.94% year-over-year.

• Net assets per share: RMB 7.12; total assets: RMB 95.40 billion.

Outlook and guidance

• Company will accelerate green energy transition, expand new energy projects, and enhance digital and management systems.

• Focus remains on safety, efficiency, and cost control, with continued investment in clean energy and technology innovation.