According to Zhitong Finance App News, Three Gorges Water Resources (600116.SH) disclosed the 2026 semi-annual report. During the reporting period, the company achieved operating income of 5,069 billion yuan, an increase of 3.53%; net profit attributable to shareholders of listed companies was 378 million yuan, an increase of 688.61% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 304 million yuan, an increase of 777.47% year on year; basic earnings per share were 0.20 yuan.
The main drivers of the increase in performance are as follows: First, the increase in profit in the power sector: incoming water from the watershed where the company's hydropower plants are located increased sharply year-on-year, and the profit contribution of the power business increased significantly compared to the same period of the previous year; second, the manganese industry and trade business reversed losses and efficiency: driven by rising prices in the electrolytic manganese market, the current operation of the manganese industry and trading business turned losses into profits; third, the year-on-year increase in investment income: the investment income of some participating companies disposed of in the current period and the investment income of participating companies calculated according to the equity method increased four times over the same period of the previous year; Asset Disposal and Increased Compensation Proceeds: Wholly-owned Subsidiary Chongqing Fuling Julong Electric Power Co., Ltd. (“Julong Electric Power” for short) received the relevant subsidy. The wholly-owned subsidiary Chongqing Liangjiang Changxing Electric Power Co., Ltd. (“Changxing Electric Power”) additionally confirmed BOE substation disposal income in accordance with the supplementary agreement; fifth, credit losses were reversed to increase current revenue: the wholly-owned subsidiary Changxing Electric Power recovered the disposal money from the BOE substation in the current period and transferred back the bad debt preparation already calculated earlier.