State Grid Information & Communication's H1 2026 net profit attributable to parent falls 12.97% to 231 million yuan

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State Grid Information & Communication disclosed its H1 2026 performance flash report, with net profit attributable to the parent company reaching 231 million yuan, down 12.97% year-on-year. The company achieved operating revenue of 3.433 billion yuan in the same period, down 2.59% year-on-year. Deducted non-recurring net profit was 229 million yuan, up 11.18% year-on-year. Total profit was 264 million yuan, down 17.06% year-on-year, mainly due to lower revenue, a decline in overall gross margin caused by a higher share of digital infrastructure business revenue, and a short-term drop in investment income from associate Futang Hydropower, which saw reduced power generation due to line maintenance. Basic earnings per share were 0.19 yuan, and the weighted average return on equity was 3.54%, up 0.25 percentage points from the same period last year.

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福堂水电Private▼ Negative
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Futang Hydropower's reduced power generation due to line maintenance caused a short-term drop in investment income for State Grid Information & Communication.

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