[Shanghai Electric Power: Net profit in the first three quarters of 2026 fell 66.72% year-on-year, Q3 net profit fell 96% month-on-month] On October 30, Shanghai Electric Power (600021.SH) announced that it achieved operating income of 29.95 billion yuan in the first three quarters, a year-on-year decrease of 6.85%; net profit attributable to shareholders of listed companies was 1.015 billion yuan, a year-on-year decrease of 66.72%. In the third quarter, operating income was 11.907 billion yuan, a year-on-year increase of 1.95%; net profit attributable to shareholders of listed companies was 13.4823 million yuan, a year-on-year decrease of 98.82%. The change in performance was mainly due to the combined impact of factors such as a year-on-year decrease in electricity sales from domestic and overseas thermal power projects, a year-on-year decrease in the average grid-connected electricity price, an increase in fuel costs, and an increase in overseas corporate income tax expenses. Xiaocai Note: The company’s Q3 net profit was 13 million, and Q2 net profit was 434 million. Based on this calculation, Q3 net profit dropped 96% from the previous quarter.