Concord New Energy Group Reports 6.6% Drop in Revenue, 43.8% Decline in Profit, and 42.5% Decrease in EPS for 2025 Interim Results

Reuters
Aug 03
Concord New Energy Group Reports 6.6% Drop in Revenue, 43.8% Decline in Profit, and 42.5% Decrease in EPS for 2025 Interim Results

Concord New Energy Group Ltd. has announced its financial results for the first half of 2025. The company reported a revenue of 1,400.32 million RMB, which marks a decrease of 6.6% compared to the 1,498.86 million RMB recorded in the same period last year. Profit attributable to the owners of the company decreased significantly by 43.8%, from 501.37 million RMB to 281.94 million RMB. The power generation segment, which includes revenue from subsidiary-owned power plants, saw a revenue decline of 2.1%, reporting 1,335.39 million RMB compared to 1,364.32 million RMB in the previous period. The segment results for power generation also witnessed a decline of 22.9%, from 812.08 million RMB to 625.86 million RMB. The company continues to explore new business sectors, including electricity retailing and renewable energy private equity funds, as well as the issuance of renewable energy REITs. Concord New Energy Group Ltd. remains focused on refined and professional management to further reduce costs and improve efficiency. In terms of environmental, social, and governance $(ESG)$ performance, Concord New Energy Group Ltd. maintained its MSCI ESG rating of AA and was selected for S&P Global's Sustainability Yearbook (China) for two consecutive years. The company also reported significant reductions in emissions and resource savings, with CO2 emission reduction at 4,534 kilotons and standard coal savings at 1,854 kilotons for the period.

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