Mindong Electric Power disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 25 million and 35 million yuan, a year-on-year decline of 50.83% to 64.88%. Deducted non-recurring net profit is expected to be between 16 million and 24 million yuan, a year-on-year decline of 61.98% to 74.65%. Basic earnings per share are estimated at 0.05 to 0.08 yuan. The company stated that the decline in performance is mainly due to reduced precipitation in the Ningde area compared to the same period last year, leading to a decrease in hydroelectric power generation and sales.
Fujian MinDong Electric Power Co LtdReduced precipitation decreased hydroelectric generation and sales, causing a >50% profit drop.