Datang International Power Generation (991) H1 2026 earnings summary

Executive summary

• Operating revenue rose 2.14% year-over-year to RMB58,418 million for H1 2026, with net profit attributable to equity holders up 19.32% to RMB5,815 million and basic EPS at RMB0.2845, up RMB0.063 per share year-over-year.

• The company achieved record-high operational results, driven by quality upgrades, efficiency enhancements, and stable growth initiatives, despite market volatility and operational headwinds.

• Clean energy installed capacity reached 37,177.8 MW, accounting for 43.27% of total capacity, reflecting ongoing green transition efforts.

Financial highlights

• Operating revenue: RMB58,418 million (+2.14% YoY); electricity sales revenue: RMB49,373 million (+1.23% YoY).

• Total profit before tax: RMB8,715 million (+13.61% YoY); net profit: RMB7,067 million (+10.76% YoY).

• Total assets: RMB338,376 million (+RMB4,740 million from end-2025); total liabilities: RMB235,280 million (+RMB1,250 million from end-2025).

• Interim dividend declared: RMB0.068 per share (tax inclusive) for H1 2026.

• Finance costs decreased 8.18% to RMB2,081 million, reflecting lower borrowing rates.

Outlook and guidance

• Focus for H2 2026 includes stabilizing operations, advancing green transition, boosting benefits, and mitigating risks.

• Plans to enhance production safety, optimize operational management, and further develop new energy projects.

• Continued emphasis on cost control, especially in fuel supply and coal procurement.