On the evening of August 19, Chint Electric (601877.SH) released its semi-annual report for 2026. During the first half of the year, the company achieved operating revenue of 38.064 billion yuan, a year-on-year increase of 28.46%; net profit attributable to shareholders of the listed company reached 3.130 billion yuan, up 22.23% year-on-year; and non-GAAP net profit was 2.701 billion yuan, an increase of 6.35% year-on-year.
According to public information, Chint Electric is primarily engaged in the R&D, production, and sales of distribution electrical appliances, terminal appliances, control appliances, power supply appliances, electronic appliances, building appliances, instrumentation, and automation control systems. The company is also involved in the development, construction, operation, and maintenance of photovoltaic power stations, EPC general contracting, and the development and construction of BIPV and residential PV systems, as well as the R&D, production, and sales of inverters and energy storage systems.
Currently, Chint Electric's main operations are divided into two major sectors: smart electrical appliances and green energy. Specifically, in the first half of the year, the smart electrical appliance segment achieved operating revenue of 12.543 billion yuan, a year-on-year increase of 3.62%. In the domestic market, the business has precisely positioned itself in innovative tracks such as "wind-solar-storage" new energy, energy storage, and computing centers, reshaping its growth engine. In overseas markets, the company continues to advance its "global regional localization" strategy. Amid intensifying global geopolitical conflicts, cost fluctuations caused by bulk commodities, and tightening financial policies, the company is differentiating its localized operations, steadily developing core European markets, seizing opportunity windows in North America and the Asia-Pacific, and cultivating markets in West Asia, Africa, and Latin America.
Meanwhile, the green energy business has performed particularly well, emerging as the primary engine driving growth. In the residential PV sector, Chint Anneng, which specializes in residential photovoltaic systems, continues to promote the high-quality development of distributed PV business. Leveraging its leading position in the residential PV field, the company has built a full-lifecycle business model covering new energy investment, development, construction, operation, and electricity sales. During the reporting period, it achieved operating revenue of 22.620 billion yuan and a net profit of 2.438 billion yuan, with new installed capacity exceeding 5GW and power station transaction scale surpassing 6GW. By the end of the reporting period, Chint Anneng held approximately 26GW of installed power station capacity. The 2.438 billion yuan in net profit has become the absolute main contributor to first-half net profit. This segment is not only the core support for the green energy business but also the "strongest engine" for Chint Electric's overall performance growth.
Operating data for PV power stations, released on the same evening, showed that as of June 30, Chint Electric held installed PV power station capacity of 28,949.95MW, including 26,021.94MW of residential PV power station capacity. In terms of power station operations, Chint New Energy, which focuses on centralized power stations, has accumulated a global installed PV capacity of 16GW to date, ranking among the top in the country. Leveraging more than 40 years of deep accumulation in the power and energy sector, along with its advantages across the entire electrical industry chain, Chint New Energy has become a new energy enterprise in the industry with both system integration and technology integration advantages.
Furthermore, in the new energy field, Chint Power focuses on PV inverter and energy storage system businesses, continuously deepening its global strategic layout. With localized operations as its core focus, it is comprehensively enhancing market competitiveness. To date, it has established a marketing and service network covering six continents, with fifteen overseas service stations, operating across major regional markets including North America, Europe, and Asia.
In the first half of this year, Chint Electric delivered a highly impressive report card—revenue exceeding 38 billion yuan and net profit surpassing 3.1 billion yuan. With the dual main tracks of "smart electrical" and "green energy" advancing in synergy, Chint Electric is supporting future growth with solid industrial depth.
Additionally, in January of this year, Chint Electric issued an announcement stating that, to meet business development needs, further advance its internationalization strategy, actively leverage international capital markets to broaden diversified financing channels, and further enhance the company's overall competitiveness, it planned to issue overseas shares (H shares) and list on the Hong Kong Stock Exchange. Chint Electric recently disclosed an announcement that the company plans to appoint Deloitte Touche Tohmatsu as the auditor for this H-share issuance and listing, replacing the original accounting firm, Grant Thornton International.