China Power’s SPIC Hydropower Q1 Net Profit Jumps Despite Revenue Decline
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China Power International Development's subsidiary, SPIC Hydropower, reported a 55.13% decline in Q1 2026 revenue to RMB2.47 billion, but net profit surged 168% to RMB393 million. Basic earnings per share tripled to RMB0.09, driven by higher profitability. The company cautioned that these results reflect only the subsidiary's performance, not the group's overall financial position. Analysts rate the stock as a Hold with a price target of HK$3.30. China Power focuses on expanding its hydropower portfolio and consolidating assets in the low-carbon power sector.
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