SDIC Power(SH:600886) Zheng Quan Zhi Xing·2025-08-29 11:12Core Viewpoint - The report highlights the financial performance of SDIC Power Holdings Co., Ltd. for the first half of 2025, indicating a slight increase in total assets and net profit, while also noting a decrease in earnings per share and return on equity. Financial Summary - Total assets at the end of the reporting period reached approximately 315.25 billion RMB, an increase of 6.31% compared to the previous year [1] - Net profit attributable to shareholders was approximately 3.79 billion RMB, reflecting a 1.36% increase year-on-year [1] - Operating cash flow increased by 13.01% to approximately 14.10 billion RMB [1] - The weighted average return on equity decreased by 0.69 percentage points to 5.93% [1] - Basic and diluted earnings per share were both 0.4763 RMB, down 2.84% from the previous year [1] Shareholder Structure - The largest shareholder, State Development and Investment Corporation, holds 47.79% of the shares, followed by China Yangtze Power Co., Ltd. with 13.05% [1] - The total number of shareholders at the end of the reporting period was 94,365 [1] Debt Issuance - The company has issued several bonds, including a technology innovation bond with a 2.19% interest rate, maturing in 2029 [2] - Other bonds include a 2.30% bond maturing in 2029 and a 2.20% bond maturing in 2027 [2] Financial Ratios - The debt-to-asset ratio at the end of the reporting period was 63.08%, slightly improved from 63.22% the previous year [2] - EBITDA interest coverage ratio was reported at 6.67, an increase from 6.42 [2]