Shenzhen Energy Group (000027) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥9.95 billion, up 1.73% year-over-year.

• Net profit attributable to shareholders was ¥1.25 billion, down 7.56% year-over-year.

• Total assets at quarter-end were ¥174.88 billion, a 1.71% increase from year-end 2025.

• Power generation grew 2.55% year-over-year, with notable increases in coal, solar, and hydro.

Financial highlights

• Operating cash flow was ¥1.21 billion, down 64.31% year-over-year.

• Basic and diluted EPS were ¥0.25, compared to ¥0.27 in Q1 2025.

• Gross margin remained stable; operating costs were ¥7.22 billion, nearly flat year-over-year.

• Investment income rose 34.58% year-over-year, mainly from equity investments.

• Non-recurring gains totaled ¥41.06 million, mainly from asset disposals and government grants.

Outlook and guidance

• Company continues to expand renewable and environmental business segments.

• Power generation capacity and waste treatment volumes are expected to grow.