China Power International Development Limited (China Power, 02380.HK) has disclosed the unaudited interim results of its 50.69%-owned subsidiary, SPIC Hydropower Co., Ltd., for the six months ended 30 June 2026.

Revenue and Earnings • Revenue rose 2.45% year on year to RMB 6.05 billion, reflecting resilient electricity sales despite a high base in 2025. • Net profit attributable to shareholders surged 123.14% to RMB 1.19 billion. • Excluding extraordinary items, net profit expanded to RMB 1.19 billion from RMB 9.38 million a year earlier, driven mainly by the post-restructuring consolidation of assets. • Basic earnings per share more than doubled to RMB 0.27 (1H 2025: RMB 0.12).

Balance-Sheet Highlights (30 June 2026 vs. 30 June 2025, restated) • Total assets increased 4.10% to RMB 66.17 billion. • Equity attributable to shareholders grew 5.74% to RMB 17.99 billion, underscoring a strengthened capital base following the late-2025 asset restructuring.

Corporate Context SPIC Hydropower became a subsidiary of China Power after an asset restructuring completed in late 2025. In line with PRC GAAP treatment for business combinations under common control, 2025 comparatives have been retrospectively restated.

Investor Considerations The disclosed figures relate solely to SPIC Hydropower and do not represent China Power’s consolidated performance. The parent company advises shareholders and potential investors to interpret the subsidiary’s interim results in conjunction with the Group’s forthcoming disclosures.