Huaneng Power International (00902) has published its interim results for the 2026 fiscal year, revealing a revenue of approximately RMB 106.91 billion. This figure marks a year-on-year decrease of 4.57%. The net profit attributable to shareholders of the listed company stood at about RMB 6.59 billion, representing a significant drop of 28.89% compared to the same period last year.

After excluding non-recurring gains and losses, the net profit attributable to shareholders was roughly RMB 6.04 billion, which is a 31.43% decline year-on-year. The company reported basic earnings per share of RMB 0.35 for the period. According to the official statement, the decrease in operating revenue is primarily due to lower on-grid electricity volumes and tariffs within the domestic market.

Furthermore, the overall profit decline is attributed to the combined effect of reduced on-grid volumes and tariffs, partially offset by lower fuel costs. During the first half of the year, the coal-fired power segment recorded a pre-tax profit of RMB 5.93 billion, a decrease of RMB 1.39 billion year-on-year. The gas-fired segment achieved a pre-tax profit of RMB 973 million, an increase of RMB 220 million. The wind power segment posted a pre-tax profit of RMB 3.17 billion, down by RMB 745 million, while the solar segment contributed a pre-tax profit of RMB 1.22 billion, a reduction of RMB 601 million compared to the previous year.

The company added 3,040 megawatts of new controlled power generation capacity, all of which are low-carbon and clean energy projects. As a result, the proportion of its low-carbon and clean energy capacity increased by 4 percentage points year-on-year. As of June 30, 2026, Huaneng Power controlled a total installed capacity of 158,779 megawatts. This includes 22,217 megawatts from wind and 26,010 megawatts from solar.

The average on-grid settlement tariff for its domestic power plants was RMB 463.02 per megawatt-hour, a 4.58% decrease year-on-year. On a consolidated reporting basis, the cumulative on-grid electricity volume from domestic plants reached 199.58 billion kilowatt-hours, which is 2.97% lower than the same period last year. The average annual utilization hours for domestic plants stood at 1,358 hours, down 145 hours year-on-year. Specifically, coal-fired units recorded 1,789 hours, a decrease of 51 hours; wind turbines logged 979 hours, down 154 hours; and solar units saw 513 hours, a reduction of 70 hours. Additionally, the company completed cumulative heat supply of 202 million gigajoules, marking a 7.16% increase year-on-year.