CHINA RES POWER subsidiary China Resources New Energy records RMB3.31 billion net profit in 1H26 amid softer revenue

Bulletin Express
Yesterday

China Resources Power Holdings Company Limited (CHINA RES POWER) disclosed that its 81.81%-owned Shenzhen-listed subsidiary, China Resources New Energy, generated unaudited net profit attributable to shareholders of RMB3.31 billion for the six months ended 30 June 2026, a year-on-year decline of 29.55%.

Revenue slipped 2.94% to RMB12.63 billion, reflecting weaker top-line performance, while net profit after excluding extraordinary items fell 30.39% to RMB3.25 billion. Basic earnings per share decreased to RMB0.30 from RMB0.43, and weighted average ROE narrowed to 3.57% from 5.39%.

Despite the profit contraction, operating cash generation strengthened. Net cash inflow from operating activities rose 35.24% to RMB8.39 billion, supported by improved working-capital dynamics.

On the balance-sheet front, total assets expanded 12.04% from end-2025 to RMB263.59 billion. Net assets attributable to shareholders increased 26.95% to RMB115.47 billion, driven largely by retained earnings and possible capital injections.

The unaudited figures were prepared under PRC accounting standards and will be consolidated into CHINA RES POWER’s interim results, scheduled for release on 26 August 2026. Shareholders are advised to review the forthcoming group-level report for a comprehensive financial assessment.

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