Shuangliang Ruineng (02481) announced interim results. Profit attributable to company owners was approximately 110 million yuan, a decrease of 1.8% year-on-year

According to the Zhitong Finance App, Shuangliang Ruineng (02481) announced its 2026 interim results, with revenue of about 893 million yuan, an increase of about 17.5% over the previous year. Gross profit was about 265 million yuan, an increase of about 10.7% over the previous year. Profit attributable to company owners was approximately 110 million yuan, a year-on-year decrease of 1.8%. Earnings per share were $0.36.

According to the announcement, the increase in revenue was mainly due to an increase in heating service revenue. The increase in revenue was due to the increase in the company's actual heating service area, the Baotou project newly launched during the period, the increase in local government price subsidies due to the recovery of heating subsidiaries from the previous year, and the increase in subsidies for our higher operating costs due to the local government's policy to raise the heating temperature.

The decrease in profit attributable to company owners is mainly due to a decrease in net profit attributable to company owners generated by subsidiaries with higher controlling interest of the company, and the decline exceeds the increase in net profit attributable to company owners generated by subsidiaries with lower controlling interest of the company.