China Suntien H1 2026 Revenue Falls 15.47%, Net Profit Drops 9.28% amid Lower Gas Sales and Wind Output

Bulletin Express
Yesterday

China Suntien Green Energy Corporation Limited reported a 9.22 billion RMB revenue for the six months ended 30 June 2026, a 15.47% decline from the prior-year period, driven by weaker natural-gas demand and softer wind resources.

\n\nNet profit attributable to shareholders fell 9.28% year on year to 1.28 billion RMB, while total net profit reached 1.41 billion RMB, down 14.02%. Basic earnings per share dropped to 0.28 RMB from 0.34 RMB a year earlier. The company recorded a 5.14% weighted average return on net assets, down 1.15 percentage points.

\n\nSegment Performance • Natural Gas: Sales and transmission volume slipped 19.96% to 2.25 billion cubic metres, reflecting mild winter weather and subdued industrial consumption. Segment net profit edged up 3.12% to 331 million RMB as unit margins improved. • Wind & Solar: Consolidated generation decreased 1.17% to 7.97 billion kWh, with average utilisation hours down 134 to 1,101. Segment net profit fell 19.20% to 1.04 billion RMB due to lower power prices and higher depreciation. The group added 620 MW of consolidated wind capacity, lifting total to 8.40 GW.

\n\nBalance Sheet & Cash Flow Total assets rose 1.79% since year-end to 95.16 billion RMB; the debt-to-asset ratio was stable at 66.37%. Net operating cash inflow was 3.05 billion RMB, broadly flat year on year. Capital expenditure increased 39.18% to 4.20 billion RMB, directed mainly to wind, LNG terminal, pipeline and energy-storage projects. Total interest-bearing debt stood at 38.90 billion RMB, down 8.43 billion RMB from end-2025; unused bank credit lines were 86.39 billion RMB.

\n\nEquity & Incentives During the period the company granted 18.60 million restricted A shares under the 2023 equity-incentive scheme at 4.10 RMB per share and subsequently repurchased and cancelled 12.43 million restricted shares after certain participants left or failed performance targets. Perpetual medium-term notes outstanding totalled 1.50 billion RMB.

\n\nOutlook Management highlighted ongoing construction of 1.11 GW of wind projects, expanded energy-storage pipelines and accelerated gas-fired power plant developments. No interim dividend was proposed.

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