Guangxi Guidong Eletric Power Co Ltd

Guangxi Energy released its 2026 interim report. Total operating revenue was 1.921 billion yuan, up 17.40% year-on-year. Net profit attributable to the parent company was 124 million yuan, an increase of 195 million yuan compared with the same period last year, achieving a turnaround from loss to profit. Net cash inflow from operating activities was 708 million yuan, up 46.74% year-on-year. The company's asset-liability ratio was 77.09%, down 1.15 percentage points from the previous quarter. Gross margin was 30.81%, up 11.75 percentage points from the previous quarter. Return on equity was 4.38%, up 6.83 percentage points from the same period last year. Diluted earnings per share were 0.08 yuan, an increase of 0.13 yuan from the same period last year. Inventory turnover was 15.19 times, up 86.20% year-on-year, marking four consecutive years of growth. The number of shareholders was 93,900, and the top ten shareholders held 55.34% of total share capital.

Guangxi Energy announced that the company plans to invest 8.334 billion yuan in the construction of the Guangxi Hezhou pumped storage power station. The project has a designed installed capacity of 1.4 million kilowatts and is expected to be fully completed and put into operation in the mid-to-late period of the 16th Five-Year Plan. The investment aims to implement the national dual carbon strategy, optimize the power supply structure, and increase the proportion of clean energy installed capacity. This investment is still subject to shareholder meeting approval.

Guangxi Energy disclosed its earnings forecast, expecting a net profit attributable to the parent company of 100 million to 140 million yuan in the first half of 2026, compared with a loss of 70.9078 million yuan in the same period last year, turning from loss to profit year-on-year. Deducted non-recurring profit is expected to be 90 million to 130 million yuan, compared with a loss of 81.0464 million yuan in the same period last year. The improvement in performance is mainly due to profit growth in the hydropower, power supply, and onshore wind power segments, as well as reduced losses in the thermal power segment. The hydropower segment benefited from better water inflows, increased power generation, and additional income from the disposal of the Danzhu First-Class Hydropower Station. The power supply segment saw increased self-generated electricity within the grid, reduced purchased power costs, and steady growth in electricity sales. The onshore wind power segment gained from increased generation after the full-capacity grid connection of the Renyi Wind Power Project. The thermal power segment benefited from the commissioning of Guangxi's first high-voltage electrode boiler, enabling flexible heat supply, along with lower coal prices and reduced fixed costs.