Fujian MinDong Electric Power Co Ltd

Mindong Electric Power released its 2026 interim report, with net profit attributable to the parent company of 29.4147 million yuan, a decrease of 58.68% compared with the same period last year. The company's total operating revenue was 237 million yuan, down 17.65% year-on-year; net cash inflow from operating activities was 30.1589 million yuan, down 50.20% year-on-year. The company's latest asset-liability ratio was 28.99%, gross margin was 43.56%, ROE was 1.17%, and diluted earnings per share was 0.06 yuan.

Mindong Electric Power disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 25 million and 35 million yuan, a year-on-year decline of 50.83% to 64.88%. Deducted non-recurring net profit is expected to be between 16 million and 24 million yuan, a year-on-year decline of 61.98% to 74.65%. Basic earnings per share are estimated at 0.05 to 0.08 yuan. The company stated that the decline in performance is mainly due to reduced precipitation in the Ningde area compared to the same period last year, leading to a decrease in hydroelectric power generation and sales.