China Longyuan Power Group Corp Ltd

0916.HK▼

Longyuan Power's 2026 interim net profit was 2.393 billion yuan, down 29.10% year-on-year

Longyuan Power released its 2026 interim report. Total operating revenue was 14.642 billion yuan, down 6.48% year-on-year. Net profit attributable to the parent company was 2.393 billion yuan, down 29.10% year-on-year. Net cash inflow from operating activities was 8.132 billion yuan, up 21.86% year-on-year. The company's asset-liability ratio was 65.93%, gross margin was 37.80%, and diluted earnings per share was 0.29 yuan.

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Longyuan Power's First-Half Net Profit Falls 29.1% Year-on-Year

Longyuan Power released its 2026 semi-annual report, showing first-half operating revenue of 14.642 billion yuan, down 6.48% year-on-year, and net profit attributable to shareholders of the listed company of 2.393 billion yuan, down 29.1% year-on-year. The decline was mainly due to a year-on-year drop in the average electricity price and lower average utilization hours in the wind power segment, which reduced wind power segment revenue by 1.371 billion yuan. Based on calculations, the company's second-quarter net profit was 769 million yuan, down 52% quarter-on-quarter.

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Energy Transition & Power Demand▼

Longyuan Power's July Electricity Generation Falls 2.15% Year-on-Year

Longyuan Power announced that its electricity generation in July 2026 was 6.19 million megawatt-hours, down 2.15% from the same period in 2025. Wind power generation fell 4.92% year-on-year, while solar power generation rose 6.10%. As of July 31, 2026, cumulative generation for the year reached 44.98 million megawatt-hours, a decrease of 2.19% compared to the same period in 2025.

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Power and Coal Stocks Announce Buybacks and Increased Holdings Before Market Open; Baijiu Sector Leads Gains with Kweichow Moutai Up Over 5%

In early trading on July 20, the three major A-share indices rose. The Shanghai Composite Index gained 1.18%, the Shenzhen Component Index rose 0.21%, and the ChiNext Index climbed 1.13%. Combined turnover on the two exchanges reached 1.67 trillion yuan, with over 2,900 stocks advancing. Sectors such as oil and gas, baijiu, and coal led the gains, while the power sector rebounded collectively. Jiawei New Energy, Huayin Electric Power, and Fuling Electric Power hit their daily limit up. Kweichow Moutai surged over 5% to 1,322.97 yuan. Before the market opened, multiple companies in the power and coal sectors announced plans to increase holdings or conduct buybacks. SDIC Power's controlling shareholder plans to increase its stake by 150 million yuan within six months. China Coal Energy's controlling shareholder plans to increase holdings by 50 million to 100 million yuan within 12 months. NARI Technology's chairman proposed a buyback of 500 million to 1 billion yuan. China Shenhua Energy announced a 2026 coal sales volume target of 618.1 million tonnes, a power generation target of 288.1 billion kilowatt-hours, and an operating revenue target of 360 billion yuan. Longyuan Power plans to distribute annual cash dividends of no less than 30% of net profit attributable to the parent company from 2025 to 2027. In addition, Aluminum Corporation of China's controlling shareholder plans to increase holdings by 1 billion to 2 billion yuan, and CRRC Corporation's controlling shareholder plans to increase holdings by 150 million to 300 million yuan. Both stocks rose over 6% in early trading.

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