China Yangtze Power Co Ltd

Yangtze Power released its 2026 interim report, showing total operating revenue of 37.929 billion yuan, up 3.36% year-on-year, and net profit attributable to the parent of 14.756 billion yuan, up 13.02% year-on-year. Net cash inflow from operating activities was 24.128 billion yuan, up 0.57% year-on-year. The company's asset-liability ratio was 59.36%, down 2.15 percentage points from the same period last year; gross margin was 57.89%, up 1.77 percentage points year-on-year; ROE was 6.83%, up 0.51 percentage points year-on-year. Diluted earnings per share were 0.60 yuan, up 13.02% year-on-year. The company had 775,000 shareholders, with the top ten shareholders holding 70.93% of shares.

Yangtze Power released its semi-annual report for 2026, achieving operating revenue of 37.929 billion yuan, up 3.36% year-on-year; net profit attributable to shareholders of the listed company was 14.756 billion yuan, up 13.02% year-on-year. There is no profit distribution plan or capital reserve conversion plan for this reporting period.

Dividend Quality Index constituents Grandblue Environment and Yangtze Power will both set July 16 as the equity record date. According to the annual equity distribution implementation announcements released by the two companies on July 10, Grandblue Environment will pay a cash dividend of 0.80 yuan per share, including tax, and Yangtze Power will pay 0.79 yuan per share, including tax. The ex-dividend and ex-rights date for both is July 17. These two stocks are constituents of the Dividend Quality Index, which selects 50 listed company securities with consecutive cash dividends, relatively high dividend payout ratios, and strong profitability as samples. As of July 15, the index had a dividend yield of 2.97 percent over the past year. The only ETF tracking this index is the ChinaAMC Dividend Quality ETF.

Yangtze Power announced that in the first half of 2026, the total power generation of its six cascade hydropower stations reached approximately 132.744 billion kilowatt-hours, an increase of 4.81 percent year-on-year. Among them, the Three Gorges Power Station generated 45.073 billion kilowatt-hours, up 31.62 percent year-on-year; Gezhouba Power Station generated 9.115 billion kilowatt-hours, up 11.05 percent. Due to a 16.94 percent decline in water inflow, Wudongde Power Station generated 12.451 billion kilowatt-hours, down 16.76 percent year-on-year; Baihetan Power Station generated 24.392 billion kilowatt-hours, down 5.05 percent; Xiluodu Power Station generated 26.704 billion kilowatt-hours, down 4.51 percent; Xiangjiaba Power Station generated 15.009 billion kilowatt-hours, down 3.73 percent.