Guangdong Electric stock reports a first half loss

Guangdong Electric stock was last quoted at CNY 5.09 on the Shenzhen Stock Exchange on September 30, 2026, with a daily gain of 0.99 percent. The company entered October with first-half revenue growth but a sharply weaker bottom line.

Revenue rises as losses widen

According to Aurelian, Guangdong Electric generated CNY 26.3 billion in revenue for the six months ended June 30, 2026, up 13.79 percent from the comparable period. Net profit, however, fell to a CNY 546 million loss, a decline of 1,780.66 percent year over year.

The quarterly pattern explains the pressure. Revenue reached CNY 15.0 billion in the second quarter of 2026, while net profit was a CNY 394 million loss, according to Aurelian.

Power generation remains capital intensive

Guangdong Electric operates power generation facilities across thermal, liquefied natural gas, wind, biomass, solar and hydroelectric projects. Its first-half balance sheet carried total assets of CNY 189.3 billion and total debt of CNY 116.1 billion as of June 30, 2026.

Cash generation offered a partial counterpoint. Operating cash flow reached CNY 2.8 billion in the second quarter, while capital expenditure totaled CNY 1.3 billion, leaving quarterly free cash flow at CNY 1.6 billion.

Stock stays below yearly high

The CNY 5.09 quote on September 30, 2026, stood within a 52-week range of CNY 4.41 to CNY 9.82. The market capitalization was CNY 22.7 billion and trading volume reached 34,922,600 shares on the same date.

The figures leave investors with a two-sided picture: revenue expanded, but profitability deteriorated sharply. The next valuation debate therefore depends on whether higher power sales can offset operating costs, interest expense and the funding needs of a large generation portfolio.