Shaoneng Group

Shaoneng Group Co., Ltd. (韶能股份, stock code 000601) is a Chinese listed company whose business spans clean and renewable energy, precision (intelligent) manufacturing, and papermaking. Its power portfolio is anchored in hydropower and biomass generation, with hydropower plants in Guangdong and Hunan provinces and biomass power capacity located in Guangdong. As of the 2026 interim report, the company reported total installed power capacity of 1.212 million kilowatts, of which hydropower accounted for 680,000 kilowatts (56.11%) and biomass 360,000 kilowatts (29.70%). Power generation is the group's profit engine, contributing close to 78% of profit with gross margins above 32% in the first half of 2026, and hydropower revenue rose 22.39% year on year to 488.65 million yuan in that period. Alongside energy, Shaoneng operates precision manufacturing and papermaking businesses; the paper business has been loss-making but sharply reduced its losses in 2026. The company is listed on the Shenzhen Stock Exchange and has attracted increasing attention from northbound capital, with holdings reaching record highs in the second quarter of 2026. It is positioned as a regional clean-energy operator and diversified industrial group rather than a national utility, and its fortunes are closely tied to hydrology, electricity pricing, and the performance of its manufacturing and paper segments.

Shaoneng Group Co., Ltd. is a Chinese listed company operating in clean energy, manufacturing, and papermaking. While the exact founding date is not provided in the available evidence, the company has established itself as a regional energy player with a focus on renewable generation. Its power assets include hydropower plants in Guangdong and Hunan provinces and biomass power facilities in Guangdong. By the first half of 2026, the company reported total installed capacity of 1.212 million kilowatts, with hydropower making up 56.11% and biomass 29.70%. The power segment has become the group's main profit driver, contributing nearly 78% of profits with gross margins above 32% in H1 2026. The company also operates precision manufacturing and papermaking businesses; the latter has faced losses but showed significant improvement in 2026. Shaoneng Group is listed on the Shenzhen Stock Exchange under the ticker 000601. In 2026, it attracted record northbound capital inflows, with holdings reaching over 38.57 million shares by the end of Q2. The company continues to focus on operational efficiency and clean energy development.

• Announced profit forecast for first three quarters of 2026 with net profit expected to rise 61.12%–75.03% year on year.

• Northbound capital holdings reached a record high of over 38.57 million shares, representing 3.68% of tradable shares.

Regional clean-energy operator and diversified industrial group in Guangdong, China.

• Hydropower

  Hydropower generation with 680,000 kilowatts installed capacity in Guangdong and Hunan provinces.

• Biomass power

  Biomass power generation with 360,000 kilowatts installed capacity in Guangdong province.

• Precision manufacturing

  Precision (intelligent) manufacturing business, contributing to revenue growth.

• Papermaking

  Papermaking business that has been loss-making but is reducing losses.

• 2026-10-09

  Shaoneng Co. forecasts 61.12%-75.03% growth in Q1-Q3 2026 net profit[1]韶能股份前三季度归母净利预增61.12%至75.03%，北向资金持股创历史新高finance.jrj.com.cn

  Reported: 2026-10-12

  On October 9, 2026 after market close, Shaoneng Co. (000601) disclosed its earnings forecast for the first three quarters of 2026, projecting net profit attributable to shareholders of 278 million to 302 million yuan, up 61.12% to 75.03% year-on-year, and non-recurring net profit of 256 million to 280 million yuan, up 94.87% to 113.12% year-on-year.

1. 1韶能股份前三季度归母净利预增61.12%至75.03%，北向资金持股创历史新高finance.jrj.com.cn