According to the Zhitong Finance App, Xinyi Energy (03868) announced its 2026 interim results, with revenue of about 1,052 billion yuan, a year-on-year decrease of 13.1%; profit attributable to the company's equity holders was 320 million yuan, a year-on-year decrease of 28.9%; profit per share was 3.76 points, with an interim dividend of HK2.1 cents per share.

Compared with the first half of 2025, electricity sales revenue decreased by 10.4% to 663 million yuan, and electricity price adjustment revenue decreased by 28.1% to 335 million yuan. The decline in total revenue is mainly due to the impact of grid consumption restrictions, price declines in market-based electricity transactions, and the impact of weather factors on power generation. The decline in electricity price adjustments was higher than the decline in electricity sales, mainly because the electricity limit ratio of the Group's subsidy policy project was higher than that of the affordable Internet policy project.

Net interest rate fell from 37.2% in the first half of 2025 to 30.4% in the first half of 2026, mainly due to (i) a decrease in revenue; and (ii) an increase in sales costs and administrative expenses, which were partially offset by a reduction in financing costs and income tax expenses.

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