Shenergy Company (600642) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 12.72 billion, down 1.81% year-over-year; net profit attributable to shareholders was RMB 1.68 billion, down 18.97%.

• Clean energy installed capacity reached 8.845 GW, accounting for 42.8% of total controlled capacity.

• Major progress in green transformation, digitalization, and capital market activities, including successful issuance of RMB 2 billion convertible bonds.

Financial highlights

• Operating income: RMB 12.72 billion (down 1.81% YoY); net profit: RMB 1.68 billion (down 18.97% YoY).

• EBITDA/total debt ratio: 0.10 (down 56.52% YoY); interest coverage ratio: 5.03 (down 26.89% YoY).

• Basic and diluted EPS: RMB 0.335 (down 19.66% YoY); ROE: 4.30% (down 1.27 percentage points YoY).

• Net cash from operating activities: RMB 4.07 billion (down 3.34% YoY).

Outlook and guidance

• Continued focus on green energy transition, digital transformation, and cost control.

• Plans to further expand clean energy projects and enhance operational efficiency.

• Ongoing commitment to stable cash dividends and shareholder returns.