Guangzhou Development Reports 9.25% Revenue Growth, 42.15% Net Profit Drop in 2026 Interim Results
Guangzhou Development disclosed its 2026 interim results on August 30, showing revenue of RMB 25.469 billion, up 9.25% year-on-year, while net profit attributable to shareholders fell 42.15% to RMB 946 million. Basic earnings per share stood at RMB 0.2698. The company attributed the performance to increased thermal power sales and higher coal sales volumes.
Guangzhou Development released its 2026 semi-annual report on August 30. During the reporting period, the company achieved operating revenue of RMB 25.469 billion, an increase of 9.25% year-on-year. Net profit attributable to shareholders of the listed company was RMB 946 million, a decrease of 42.15% year-on-year. Basic earnings per share amounted to RMB 0.2698.
During the reporting period, the company saw an increase in electricity sales from its thermal power segment and a rise in coal sales volume.