Xiehe New Energy (00182) achieved revenue of about 1,258 billion yuan in the first half of the year, and the new AIDC comprehensive energy business promoted continuous optimization of financing costs in an orderly manner

According to the Zhitong Finance App, Xiehe New Energy (00182) announced its 2026 interim results, with revenue of about 1,258 billion yuan, gross profit of about 584 million yuan, and profit attributable to the company's shareholders of about 100 million yuan.

During the reporting period, the Group made new progress in its development business. Regional operating cooperation in China achieved remarkable results. The power generation project in Singapore and New Zealand was successfully put into operation, the first new energy private equity fund entered post-investment management, asset optimization was carried out steadily, cost reduction and efficiency achieved results, and management expenses and financing costs were further reduced. This shows that the Group's strategic transformation in recent years has paid off.

The group keenly grasped the huge power demand opportunities brought about by the rapid growth of global AI investment, and deployed AIDC's integrated energy solution business in the US, Southeast Asia, Eastern Europe and other regions ahead of schedule. Overall progress is smooth. In response to AIDC's energy usage characteristics of high energy consumption density, high power supply quality, and fast construction pace, the Group customizes and develops clean power supply solutions. It is committed to providing long-term, stable, and cost-competitive green electricity to AIDC, and promoting the deep integration of renewable energy and energy storage projects into the AIDC infrastructure system. Based on this, the Group's energy solutions innovation business for AIDC is gradually taking shape.

On the basis of promoting multiple photovoltaic projects that have signed long-term power sales agreements, the Group is actively promoting the signing of long-term electricity sales agreements for a number of new renewable energy projects in mature markets where electricity consumption is growing rapidly and demand for green electricity is strong, so as to enhance the profitability certainty and financability of these projects, and further reserve projects to optimize asset layout and achieve performance growth.

Through various modes of cooperative operational development, the Group accelerates the transformation of the results of targeted projects in the Chinese region. During the reporting period, the Group signed an operational development agreement for a project with a total installed capacity of 1,070 MW; grid-connected access and other pre-construction conditions for a number of other projects are being implemented in an orderly manner.

In addition, the group continues to deepen cooperation with many global financial institutions to improve credit ratings, expand credit scale, and optimize cash management and cross-border financial service strategies. The Group's PV projects in South Korea and New Zealand have been closed for financing, while financing various photovoltaic and energy storage projects in the US and Singapore is being promoted in an orderly manner. Within China, the Group makes full use of the favorable financing environment to carry out stock debt replacement and optimization through multiple channels and models to reduce comprehensive financing costs, adjust the pace of repayment, and improve project cash flow. As of June 2026, the Group's comprehensive financing interest rate dropped another 8 basis points to 3.43% from the end of 2025, lower than China's LPR for five years or more during the same period (3.50%) for the first time.