Huaihe Energy Group Co Ltd

Huaihe Energy released its 2026 interim report. Total operating revenue was 18.94 billion yuan, up 9.12% year on year, marking a third consecutive year of growth. Net profit attributable to the parent company was 530 million yuan, down 36.57% year on year. Net cash inflow from operating activities was 2.321 billion yuan, down 28.36% year on year. The company's asset-liability ratio was 52.86%, gross margin was 8.73%, return on equity was 2.50%, and diluted earnings per share was 0.07 yuan, down 41.67% year on year. Total asset turnover was 0.37 times, and inventory turnover was 11.09 times. The number of shareholders was 54,000, and the top ten shareholders held 83.34% of total share capital.

Huaihe Energy disclosed its 2026 semi-annual report on August 26. In the first half, it achieved total operating revenue of 18.94 billion yuan, up 9.12% year on year. Net profit attributable to the parent company was 530 million yuan, down 36.57% year on year. Non-recurring net profit was 493 million yuan, up 12.51% year on year. Net cash flow from operating activities was 2.321 billion yuan, up 28.36% year on year. The company is mainly engaged in thermal power generation, photovoltaic power generation, electricity sales, railway transportation, coal blending, and power maintenance. As of the end of the first half, the company's inventory increased by 122.21% compared with the end of the previous year, long-term borrowings increased by 15.16%, and short-term borrowings increased by 45.94%.