STOCKS | Guangdong Electric Power A Expects First-Half Net Loss of 439 Million to 639 Million Yuan

Guangdong Electric Power A said it expected a net loss attributable to shareholders of the listed company of 439 million to 639 million yuan for January 1, 2026, to June 30, 2026. According to Jin10, the company reported a profit of 32.47 million yuan in the same period a year earlier. The company said its power generation capacity increased as new units were put into operation, and on-grid electricity sales rose significantly year on year in the first half of 2026. However, it said the comprehensive electricity price continued to decline, fuel costs rose year on year, and utilization hours for new energy projects fell short of expectations. The company said gross margin in its power generation business kept narrowing, while expenses such as depreciation, labor, and interest increased due to newly commissioned units, contributing to a sharp drop in net profit compared with the same period last year.