Hangzhou Thermal Power (605011.SH) released semi-annual results, with net profit of 95.66 million yuan to mother, a year-on-year decrease of 13.25%

According to Zhitong Finance App News, Hangzhou Thermal Power (605011.SH) disclosed its 2026 semi-annual report. During the reporting period, the company achieved operating income of 1,629 billion yuan, an increase of 7.51%; net profit to mother of 95.66 million yuan, a year-on-year decrease of 13.25%; after deducting non-net profit of 85.23 million yuan, a year-on-year decrease of 13.69%; and basic earnings per share of 0.24 yuan. The company plans to distribute a cash dividend of 0.05 yuan (tax included) per share to all shareholders.

Net profit attributable to shareholders of listed companies decreased by 13.25% year on year. The main reason was that the company's steam sales volume and power generation increased year on year during the reporting period, but the unit price of electricity sales and the year-on-year increase in fuel costs had a combined impact on the decline in thermoelectric business profits; second, depreciation accruals and maintenance arrangements after some projects were put into operation increased fixed costs; third, investment income from joint ventures declined compared to the same period last year.