Zheneng Electric Power disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 1.34 billion and 1.608 billion yuan, a year-on-year decline of 54.21% to 61.85%. Deducted non-recurring net profit is expected to be between 1.294 billion and 1.552 billion yuan, down 53.85% to 61.52% year-on-year. The company said the decline in performance was mainly due to lower on-grid electricity prices for coal-fired units and higher coal prices in the second quarter compared with the same period last year. Based on the closing price on July 14, Zheneng Electric Power's current price-to-earnings ratio is about 13.04 to 13.69 times, its price-to-book ratio is about 0.95 times, and its price-to-sales ratio is about 0.95 times. The company is mainly engaged in coal power, gas power, nuclear power, combined heat and power, and integrated energy businesses.
Zhejiang Zheneng Electric Power Co LtdCompany forecasts 54-62% drop in first-half 2026 net profit due to lower on-grid electricity prices and higher coal costs.