BJ ENERGY INTL (00686) has announced that the group expects to report a net consolidated profit of approximately RMB 30 million for the year 2025. However, the net consolidated loss attributable to the company's equity holders is projected to be around RMB 140 million. This contrasts with the performance in 2024, when the group achieved a net consolidated profit of RMB 557 million, including a net consolidated profit attributable to equity holders of RMB 86 million.

During the current year, the group continued to focus on the development, construction, operation, and management of power stations and other clean energy projects. As of December 31, 2025, the total grid-connected installed capacity of power stations beneficially owned by the group and its associates reached approximately 15.29 GW, representing an increase of about 13% compared to the total capacity as of December 31, 2024. Revenue for the group is expected to grow by approximately 10% to 11% for the year.

The board of directors attributes the anticipated decline in both the net consolidated profit and the net profit attributable to equity holders for the current year, compared to 2024, primarily to the following factors: (1) Due to market conditions, the company experienced an increase in curtailment losses and a decrease in the average grid feed-in tariff, collectively leading to a reduction in profit margin per kilowatt-hour of electricity sold; (2) Adjustments in tax policies related to the new energy power generation sector, coupled with the gradual expiration of preferential corporate income tax policies for certain projects, resulted in higher income tax expenses. These factors together contributed to the decrease in net profit for the period.