Guanghui Energy’s nine-month profit jumps to 2,772.96 million yuan
Key Facts
Net profit attributable to Guanghui Energy shareholders was about 2,772.96 million yuan in the nine months ended September 30, 2026, compared with 1,011.9 million yuan in the same period a year earlier, according to a report cited by MarketScreener. The result puts the company near the upper end of its preliminary estimate of 2,700 to 2,800 million yuan. In an announcement issued on October 9, the company had forecast year-on-year growth of 166.83% to 176.71%. That announcement described the figures as preliminary, unaudited estimates and referred readers to the third-quarter report for the final figures. The wide increase in profit compared with the movement in sales highlights a gap between revenue growth and profitability during the period.
Sales rose to 23,083.28 million yuan in the nine months from 22,530.19 million yuan in the same period, according to MarketScreener. Basic and diluted earnings per share increased to 0.4338 yuan from 0.1554 yuan a year earlier. In the third quarter alone, revenue was 8,842,247,744.80 yuan, up 30.37% year on year, according to the company’s quarterly report as cited by Eastmoney. Net profit attributable to the company’s shareholders in the quarter reached 1,494,744,171.92 yuan, up 842.20% year on year. Before the report was released, the company had estimated third-quarter profit of 1,420 to 1,520 million yuan, with expected year-on-year growth of 795.08% to 858.12%.
The company attributed third-quarter revenue growth to higher prices for coal, coal-based chemical products and natural gas, according to its disclosure in the quarterly report. Gross profit rose 350.65% in the quarter, the same disclosure said. The company also said it completed annual maintenance of its coal-chemical units during the third quarter. It said operating conditions at the units improved markedly after the maintenance work ended and production capacity returned to full operation. It added that output of major products continued to rise in August and September, alongside improved management efficiency.
First-half results provide a different backdrop for revenue: it totaled 14,241,034,437.76 yuan, down 9.57% from the same period in 2025, when it was 15,747,678,450.09 yuan. By contrast, first-half net profit attributable to shareholders rose to 1,278,219,929.20 yuan, up 49.81% year on year. The company had attributed the first-half revenue decline mainly to lower international gas sales volumes and prices. The third quarter then recorded year-on-year revenue growth alongside higher prices for key products, according to the company’s explanation. For the nine months, net profit excluding non-recurring items was 2,825,719,035.62 yuan, up 201.10% year on year.
The company, in contrast, expected non-recurring items to have a net negative impact of about 400 million yuan over the nine months. It attributed the impact mainly to losses from asset write-offs. The profit figure excluding those items offers a separate view from net profit attributable to shareholders, with both figures remaining above their year-earlier levels, according to the published data. Net cash flow from operating activities was also 4,978,639,321.13 yuan in the nine months, up 15.39% year on year. The figures reflect growth in profit and operating cash flow, alongside a sales increase at a slower pace than the jump in profit.
The company had cautioned in its preliminary announcement that the nine-month data had not been reviewed by an accounting firm and that the final figures would be included in the third-quarter report. The company’s announcement log listed the report on October 28, after the story was published on October 27, according to the announcements list. On October 27, Guanghui Energy announced a meeting to explain its third-quarter results to investors. The meeting is a subsequent opportunity to present and discuss the results with investors. The published results combined strong profit growth, higher sales and improved output from coal-chemical units after maintenance.