Zhejiang Chint Electrics Co (601877) H1 2026 earnings summary

Executive summary

• Achieved operating revenue of RMB 38.06 billion in H1 2026, up 28.46% year-over-year; net profit attributable to shareholders reached RMB 3.13 billion, up 22.23% year-over-year.

• Cash flow from operating activities increased 84.66% year-over-year to RMB 13.18 billion.

• Maintained leading positions in low-voltage electrical and distributed photovoltaic sectors, with continued expansion in domestic and international markets.

Financial highlights

• Operating revenue: RMB 38.06 billion (+28.46% YoY); net profit attributable to shareholders: RMB 3.13 billion (+22.23% YoY).

• Gross margin: 23.5%; basic and diluted EPS: RMB 1.47 (+23.53% YoY).

• Net cash from operating activities: RMB 13.18 billion (+84.66% YoY).

• Net assets attributable to shareholders: RMB 46.01 billion (+3.23% from year-end 2025).

• Adjusted net profit (excluding fair value changes of CTEC): RMB 2.86 billion (+10.27% YoY).

Outlook and guidance

• Expects continued growth in low-voltage electrical and distributed PV markets, leveraging digitalization and green energy trends.

• Plans to further expand global presence, especially in Europe, North America, and Asia-Pacific.

• Focus on R&D, innovation, and supply chain resilience to mitigate market and geopolitical risks.