China Power International Development Limited expects consolidated profit attributable to ordinary shareholders for the six months ended 30 June 2026 to range between RMB1.10 billion and RMB1.40 billion, according to a profit alert filed with the Hong Kong Stock Exchange. The guidance implies a year-on-year decline of approximately 45%–57% versus the same period in 2025.
Management attributes the anticipated profit contraction to three principal factors:
1. Unfavourable wind and solar resources in key operating regions curtailed renewable generation volumes. 2. Heightened market-based tariff volatility and fiercer competition in China’s electricity market weighed on realised prices. 3. Intensified competition from alternative power sources reduced electricity sales for the coal-fired segment.
Counterbalancing these headwinds, the Group’s hydropower subsidiary, SPIC Hydropower Co., Ltd. (Shanghai: 600292), benefited from heavier rainfall, driving a substantial increase in hydropower generation and delivering higher profits that partially offset declines in other segments.
The figures are derived from unaudited management accounts and remain subject to review and possible adjustment. China Power plans to release its full interim results for 1H26 in late August 2026. Investors are advised to exercise caution when dealing in the company’s shares.
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