Shandong Xinneng Taishan Power Generation Co Ltd

Xinneng Taishan disclosed its 2026 semi-annual report, achieving total operating revenue of 653 million yuan in the first half, up 1.79 percent year on year. Net profit attributable to the parent was a loss of 37.93 million yuan, compared with a profit of 5.32 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 42.46 million yuan, compared with a profit of 724,700 yuan a year earlier. Net cash flow from operating activities was 59.81 million yuan, down 91.12 percent year on year. Basic earnings per share were negative 0.0302 yuan, and the weighted average return on equity was negative 2.01 percent.

Xinneng Taishan disclosed its earnings forecast, expecting a net loss attributable to the parent company of 30.5 million to 39.5 million yuan in the first half of 2026, compared with a profit of 5.3181 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 35 million to 44 million yuan, compared with a profit of 724,700 yuan a year earlier. The company said the change in performance was mainly due to rising raw material prices in the cable business, which reduced product gross margins, while asset impairment losses increased year-on-year and interest income decreased year-on-year.

Xinneng Taishan announced that Vice General Manager Yang Hanyan, Vice General Manager Luo Peng, Chief Accountant Guo Ruiheng, and Vice General Manager and Board Secretary Yin Jianing have resigned due to job changes, with the resignations taking effect upon delivery of resignation letters to the board. After their resignations, Yang Hanyan and Guo Ruiheng will no longer hold any positions in the company, while Luo Peng and Yin Jianing currently still serve as directors and legal representatives of the company's subsidiaries, and adjustments will be made promptly. None of the four hold company shares, there are no unfulfilled public commitments, and work handovers have been completed. Their departures will not affect the company's operations. Going forward, financial management will be fully overseen by General Manager Li Jingxin, and during the vacancy of the board secretary position, Chairman Li Xiao will act in that capacity. The company will complete the appointment of a new board secretary as soon as possible.