Mingxing Electric Power: In the first half of 2026, revenue was 1.558 billion yuan, a year-on-year decrease of 27.91% in net profit.

date
21/07/2026
Star Power announced that in the first half of 2026, the company's total operating income was 1.558 billion yuan, an increase of 2.25% year-on-year; the net profit attributable to shareholders of the listed company was 53.1462 million yuan, a decrease of 27.91% year-on-year. During the reporting period, the company's self-generated electricity, sales volume, and water sales volume all increased. The decrease in net profit was mainly due to the decrease in the average selling price of electricity, including changes in the structure of electricity sales, time-of-use electricity price policies, and lower market-oriented trading prices. In addition, the non-recurring net profit decreased by 38.46% year-on-year, and also due to the subsidiary's recovery of previous year's accounts receivable and reversal of impairment provisions.