ChinaEnergy Transition & Power Demand▲
China Southern Power Grid Energy Storage's First-Half 2026 Net Profit Rises 40.25% Year-on-Year
China Southern Power Grid Energy Storage released its first-half 2026 performance flash report, achieving net profit attributable to shareholders of the listed company of 1.167 billion yuan, a year-on-year increase of 40.25%. The company achieved operating revenue of 4.12 billion yuan in the same period, up 24.83% year-on-year. The performance growth was mainly due to better water inflows at peak-shaving hydropower plants, leading to a year-on-year increase in power generation, as well as the commissioning of the Meizhou Pumped Storage Phase II and Guangxi Nanning Pumped Storage Power Station, and increased electricity charges from the spot market.