Sichuan Chuantou Energy (600674) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 679.53 million, down 4.53% year-over-year due to lower average electricity sales prices.

• Net profit attributable to shareholders was RMB 2.33 billion, down 5.34% year-over-year, mainly due to reduced investment income from associates.

• Total installed capacity (excluding certain associates) reached 42.11 GW, with equity capacity at 19.72 GW.

• Operating cash flow increased 36.71% year-over-year to RMB 441.74 million.

• The company remains focused on clean energy, with ongoing expansion in pumped storage and new energy projects.

Financial highlights

• Operating income: RMB 679.53 million, down 4.53% year-over-year.

• Net profit attributable to shareholders: RMB 2.33 billion, down 5.34% year-over-year.

• Operating cash flow: RMB 441.74 million, up 36.71% year-over-year.

• Total assets: RMB 71.64 billion, up 1.93% from year-end 2025.

• Basic and diluted EPS: RMB 0.4779, down 5.35% year-over-year.

Outlook and guidance

• The company will continue to expand clean energy and pumped storage projects, with major investments in Sichuan and Hubei.

• Plans to maintain a stable dividend payout, targeting at least 50% of annual net profit.

• Focus on cost control, operational efficiency, and capital structure optimization.