Yangtze Power H1 Net Profit Rises 13%; Northbound Funds and Insurers Add Positions in Q2

Earnings
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Yangtze Power released its 2026 semi-annual report on the evening of August 30, showing first-half net profit up more than 13% year on year. During the reporting period, the company achieved 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; non-GAAP net profit was 14.294 billion yuan, up 8.37% year on year; basic earnings per share were 0.6031 yuan. As the world's largest listed hydropower company, its six cascade hydropower stations in China generated 132.744 billion kilowatt-hours of electricity, with total profit of 18.109 billion yuan and net profit of 15.034 billion yuan, all hitting record highs. International business net profit rose more than 30% year on year, strengthening its earnings contribution. Among the top ten shareholders, Hong Kong Securities Clearing Company Limited under the Stock Connect scheme, Yunnan Provincial Energy Group, and China Life Insurance all increased their holdings by tens of millions of shares, with no shareholder reducing positions. The shareholding increase plan launched by controlling shareholder China Three Gorges Corporation in August 2025 has been completed, with cumulative purchases of about 162 million shares worth approximately 4.499 billion yuan.

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