Longyuan Electric Power (00916) announced interim results, net profit attributable to shareholders of 2,527 billion yuan, a year-on-year decrease of 28.19%

According to the Zhitong Finance App, Longyuan Electric Power (00916) announced interim results for the six months ended June 30, 2026. The group's continuous operating revenue was RMB 14.642 billion (same unit), a year-on-year decrease of 6.48%; net profit attributable to the company's equity holders was RMB 2,527 billion, a year-on-year decrease of 28.19%; profit per share was 30.23 points.

According to the announcement, the main reason for the decline in revenue is: (1) The wind power division's electricity sales and other revenue in the first half of 2026 was 12.455 billion yuan, a decrease of 1,371 billion yuan or 9.9% compared with 13.826 billion yuan in the same period in 2025. Mainly due to a decrease in average usage hours and average feed-in electricity prices; (2) The solar energy division's electricity sales revenue and other revenue for the first half of 2026 was $2,049 million, an increase of 347 million yuan over the same period in 2025, an increase of 20.4%, mainly due to an increase in installed capacity and power generation.

In the first half of 2026, the Group added 397.27 megawatts of installed capacity of new energy holding, including 340.95 megawatts of installed capacity of wind power holding and 56.32 megawatts of solar energy holding installed capacity. As of June 30, 2026, the Group's holding installed capacity was 46,391.56 megawatts, of which 32,488.32 megawatts of wind power, 13,897.14 megawatts of solar power, and 6.10 megawatts of other renewable energy sources. The Group completed a cumulative total of 38,782,781 megawatt-hours of power generation in the first half of 2026, of which wind power generation was 31,267,449 megawatt-hours, a year-on-year decrease of 6.67%; solar power generation was 7,512,678 megawatt-hours, an increase of 22.22% over the previous year.

In the first half of 2026, the Group achieved a total development target of 3,377 megawatts, including 2,220 megawatts of wind power and 1157 megawatts of solar power. A new development agreement was signed for 752.1 megawatts, including 750 megawatts of wind power and 2.1 megawatts of solar power, all located in regions with good resources.