China Yangtze Power (600900) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB 18.11 billion, up 6.44% year-over-year, with net profit attributable to shareholders rising 30.50% to RMB 6.76 billion, driven by higher electricity sales and financial asset gains.

• Basic and diluted EPS both increased 30.50% year-over-year to RMB 0.2763.

• Weighted average ROE improved by 0.58 percentage points to 3.01%.

Financial highlights

• Total profit for Q1 2026 was RMB 8.19 billion, up 32.07% year-over-year.

• Net cash flows from operating activities were RMB 11.71 billion, slightly down 1.15% year-over-year.

• Total assets stood at RMB 561.99 billion, with owners' equity at RMB 227.90 billion, both showing modest growth from year-end 2025.

• Non-recurring profit items contributed RMB 523.67 million to net profit.

Outlook and guidance

• The controlling shareholder, CTG, plans to increase its shareholding by RMB 4–8 billion over 12 months, reflecting confidence in future development.