Guangxi Guiguan Electric PowerCo (600236) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 2.66 billion, up 36.96% year-over-year, driven by increased hydropower generation volume.

• Net profit attributable to shareholders was RMB 859 million, a 58.12% increase year-over-year.

• Operating cash flow rose 22.99% to RMB 1.85 billion compared to the same period last year.

Financial highlights

• Total assets at quarter-end were RMB 54.09 billion, up 2.90% from year-end 2025.

• Shareholders’ equity increased 4.23% to RMB 21.65 billion.

• Basic and diluted EPS were both RMB 0.1073, up 60.39% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

Outlook and guidance

• Revenue and profit growth are expected to continue, supported by higher hydropower output.