Shenzhen Energy Group (000027) Q2 2026 earnings summary

Executive summary

• Achieved operating revenue of ¥21.74 billion for H1 2026, up 2.85% year-over-year; net profit attributable to shareholders reached ¥1.90 billion, up 11.61% year-over-year.

• Core business includes conventional and new energy development, urban solid waste treatment, wastewater treatment, and city gas supply.

• Clean energy accounted for 77.40% of total installed capacity, with renewable energy at 39.03%.

Financial highlights

• Operating revenue: ¥21.74 billion, up 2.85% year-over-year.

• Net profit attributable to shareholders: ¥1.90 billion, up 11.61% year-over-year.

• Net profit excluding non-recurring items: ¥1.83 billion, up 13.91% year-over-year.

• Net cash flow from operating activities: ¥2.99 billion.

• Basic EPS: ¥0.37; diluted EPS: ¥0.34.

Outlook and guidance

• Plans to expand new energy resources, focusing on offshore wind in Guangdong and green power direct supply.

• Continued investment in renewable-rich regions and new business models such as green power direct supply and integrated energy.