Huadian Energy

Huadian Energy released its 2026 interim report, with net profit attributable to the parent company of 592 million yuan, an increase of 29.16% compared with the same period last year. The company's total operating revenue was 8.034 billion yuan, down 3.03% year-on-year; net cash inflow from operating activities was 192 million yuan, down 77.83% year-on-year. The latest asset-liability ratio was 77.82%, a decrease of 2.38 percentage points from the same period last year; gross margin was 23.50%, an increase of 2.47 percentage points year-on-year; ROE was 11.24%, an increase of 0.46 percentage points year-on-year. Diluted earnings per share was 0.07 yuan, up 16.67% year-on-year.

Huadian Energy released its semi-annual report for 2026, with net profit attributable to shareholders of the listed company at 592 million yuan, up 29.16% year on year. The company achieved operating revenue of 8.034 billion yuan, down 3.03% year on year. Notably, the company posted a net loss of 10 million yuan in the second quarter, compared with a net profit of 602 million yuan in the first quarter, swinging from profit to loss on a quarter-on-quarter basis.

Power sector concepts strengthened intraday. Among related constituent stocks, Huayin Electric Power rose 10.07%, Jinkai New Energy rose 10.05%, Lixin Energy rose 10.04%, Fuling Electric Power rose 10.01%, and Huadian Energy rose 10.00%. According to Jiangsu Power Grid, the province's peak electricity load reached 157.59 million kilowatts, setting a new historical record. This marks the tenth consecutive year the load has exceeded the 100-million-kilowatt threshold since first breaking it in 2016. A research report from Zhongtai Securities noted that as of February 2026, 11 provinces and cities nationwide have abolished fixed time-of-use electricity pricing, and the goal of full coverage for the electricity spot market is accelerating. Electricity retailers are shifting from spread arbitrage to risk management, significantly boosting demand for ancillary services in electricity trading.