Mingxing Electric Power released its preliminary earnings report, showing that net profit attributable to shareholders of the listed company in the first half of 2026 fell 27.91% year-on-year. The company achieved total operating revenue of 1.558 billion yuan, up 2.25% year-on-year, but a decline in average electricity selling prices led to higher revenue without higher profit. Net profit attributable to shareholders of the listed company was 53.1462 million yuan, and net profit after deducting non-recurring gains and losses was 43.9353 million yuan, down 38.46% year-on-year. The company stated that the decline in net profit mainly stemmed from structural changes on the electricity sales side, the continuation of time-of-use electricity pricing policies, and lower market-based trading electricity prices. In the first half, self-generated on-grid electricity volume rose 15.48% year-on-year, electricity sales volume increased 2.45%, and water sales volume grew 3.27%. As of the close on July 21, Mingxing Electric Power shares fell 5.85% to 8.53 yuan, giving a total market value of 4.673 billion yuan.
Sichuan Mingxing Electric Power Co LtdNet profit fell 27.91% YoY due to lower electricity selling prices and policy impacts, causing shares to drop 5.85%.