Beijing Jingneng Clean Energy Co., Ltd. (JNCEC) released unaudited internal financial data for the three months ended 31 March 2026.

Performance • Operating revenue reached RMB 6.54 billion, down 4.0% from RMB 6.82 billion a year earlier. • Net profit attributable to shareholders amounted to RMB 1.06 billion, an 18.2% decline from RMB 1.29 billion in the prior-year period. • Total comprehensive income attributable to shareholders was RMB 1.06 billion, compared with RMB 1.33 billion a year ago.

Profitability & Costs • Operating costs rose 2.3% to RMB 4.81 billion, outpacing revenue growth and weighing on margins. • Finance costs fell 9.4% to RMB 262.25 million, supported by a RMB 11.11 million net foreign-exchange gain. • Administrative expenses decreased 4.5% to RMB 166.07 million.

Balance-sheet highlights (31 March 2026) • Total assets stood at RMB 102.50 billion, 1.5% lower than the year-end balance. • Interest-bearing debt (short-term, long-term and debentures) totalled RMB 42.58 billion, down RMB 1.83 billion from the opening balance. • Cash and cash equivalents declined to RMB 6.99 billion from RMB 8.17 billion. • Current assets were RMB 23.34 billion against current liabilities of RMB 26.96 billion, implying a current ratio of 0.86. • Equity attributable to shareholders increased 2.9% to RMB 39.08 billion on the back of retained earnings.

Cash-flow movements • Operating activities generated RMB 2.05 billion net cash, 11.8% below the prior-year level of RMB 2.33 billion. • Investing activities consumed RMB 0.44 billion, mainly due to RMB 0.67 billion of capital expenditure. • Financing activities recorded a net outflow of RMB 2.78 billion as loan repayments exceeded new borrowings by RMB 2.44 billion and interest/dividend payments reached RMB 206.42 million. • Overall, cash and cash equivalents fell by RMB 1.17 billion during the quarter.

Parent-company snapshot At the standalone level, the parent company recorded a revenue of RMB 66.56 million and a net loss of RMB 47.00 million, narrowing from a RMB 63.75 million loss in the same period last year. Cash and cash equivalents stood at RMB 1.47 billion.

Disclosure note The figures are prepared under China Accounting Standards for Business Enterprises, have not been audited, and were published to satisfy regulatory requirements for entities with publicly issued debt in mainland China.