Wintime Energy Group (600157) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 10.43 billion, down 2.33% year-over-year; net profit attributable to shareholders was RMB 91 million, down 27.9% year-over-year.

• Main business segments are power and coal, with power generation of 17.12 billion kWh and coal sales of 5.54 million tons.

• Operating cash flow remained strong at RMB 2.71 billion.

• The company faced rising fuel costs, lower power generation and tariffs, and stricter coal mine safety regulation.

Financial highlights

• Operating income: RMB 10.43 billion, down 2.33% year-over-year.

• Net profit attributable to shareholders: RMB 91 million, down 27.9% year-over-year.

• Operating cash flow: RMB 2.71 billion, down 0.7% year-over-year.

• Total assets: RMB 110.48 billion; net assets attributable to shareholders: RMB 46.69 billion.

• Basic EPS: RMB 0.0042; ROE: 0.19%.

Outlook and guidance

• Sea Zetan coal mine is on track for full production in 2027, expected to drive future profit growth.

• The company will continue to focus on coal-power integration, digital transformation, and cost control.

• No interim dividend or capital increase from reserves proposed.