South Power Grid Energy Storage: Revenue in the first quarter of 2026 is 1.849 billion yuan, with a year-on-year increase in net profit of 21.34%.

Southern Power Grid announced that in the first quarter of 2026, the company achieved operating income of 18.49 billion yuan, an increase of 18.80% year-on-year; net profit attributable to shareholders of the listed company was 4.54 billion yuan, an increase of 21.34% year-on-year; non-GAAP net profit was 4.51 billion yuan, an increase of 19.92% year-on-year. At the end of the reporting period, the total assets were 622.98 billion yuan, an increase of 5.40% from the beginning of the year; the owner's equity attributable to shareholders of the listed company was 230.97 billion yuan, an increase of 2.07% from the beginning of the year. The main reasons for the growth were the good inflow of water to peak hydropower plants, increased power generation, the commissioning of the Meixu Phase II project, and an increase in electricity and electricity prices in the spot market.