Concord New Energy Group (“CNE” or “the Group”Stock Code: 0182. HK), revealed its interim outcomes for the 6 months ended 30 June, 2025 (the “Period”. In the very first half of 2025, the Group’s freshly constructed power plants were successively commissioned, and funding expenses were even more minimized. Dealing with the double obstacles of getting worse curtailment in specific areas of China and a decrease in extensive electrical energy costs, the Group’s core organization came under pressure, resulting in a decline in both income and revenue. In action, the Group quickly changed its advancement technique because of the altering environment. With the objective of improving earnings certainty, we changed our service methods to focus on quality. Directed by the concepts of enhancing effectiveness and producing worth, the Group concentrated on boosting the success of its power plants, enhancing its power trading abilities.
Throughout the duration, the Group accomplished the continuing operations profits of RMB1.4 billion, representing a year-on-year drop of 6.6%. Revenue attributable to equity holders of the Group totaled up to RMB282 million, with a net earnings margin of 20%. Fundamental incomes per share was RMB3.58 cents. Since 30 June 2025, the Group had net possessions of RMB8.9 billion and net properties attributable to equity investors of the Group per share was RMB1.11.
In the very first half of 2025, the Group continued to broaden the existence in crucial worldwide markets and reinforced task advancement abilities. The Group protected 600 MW of brand-new wind financial investment tasks (noted in yearly building and construction strategies) in China, and 152.5 MW of solar tasks and 300 MW of energy storage tasks outside China. Furthermore, throughout the advancement of power plant tasks, the Group produced multi-dimensional synergies with its expert service organizations, consisting of power plant O&M, style, consulting and power trading. The agreement worth of recently signed external arrangements for power plant O&M, style and consulting grew considerably.
Throughout the duration, the Group effectively accomplished the on-schedule grid connection of several jobs through careful preparation and company. In the very first half of 2025, the Group’s freshly commissioned jobs included an attributable capability of 191 MW, consisting of 140 MW of wind and 51 MW of solar energy. Since 30 June 2025, the Group owned functional wind and solar energy plants with an attributable set up capability of 4,778 MW, representing a year-on-year boost of 18.0%. This consists of 3,844 MW from wind farms, an enhancement of 10.9% year-on-year, and 934 MW from solar PV power plants with a year-on-year development of 60.0%. The attributable set up capability of the Group’s subsidy-free power plants has actually reached 3,380 MW, representing 70.7% of the Group’s overall attributable set up capability.
In the very first half of 2025, impacted by unfavorable elements such as undesirable wind resources, increased curtailment at some power plants and a reduction in the thorough electrical energy cost, the Group’s power generation income decreased by 2.1%, accompanied by a reduction in net benefit from power generation. Throughout the duration, the Group’s attributable power generation stayed steady compared to the exact same duration in 2015, reaching 4,759 GWh. The Group’s weighted typical usage hours for wind farms were 1,142 hours, and for solar PV power plants, they were 531 hours. Furthermore, the Group enhanced green electrical energy trading and green certificate sales, with green electrical energy deal volume increasing by 26% year-on-year, efficiently balancing out the negative effect of the total decrease in electrical power costs.
The Group focused on fine-tuned and expert management, lowered funding expenses continually and enhanced the effectiveness of power plants. Throughout the duration, the typical funding expense for freshly drawn loans reduced to 3.15%, and the Group’s total funding expense was up to 3.63%, both staying at low levels. The Group lowered power generation losses triggered by devices failure by 40%.
Mr. Liu Shun Xing, Chairman of the Board of Directors of Concord New Energy Company Limited shows, “In action to the quickly progressing landscape of the brand-new energy sector, the Group has carry out a series of functional modifications. Directed by the concepts of boosting effectiveness and developing worth, we have actually enhanced our organization techniques. At the very same time, we enhanced management through a concentrate on ‘improvement and expertise.’ These efforts have actually yielded significant expense decreases and effectiveness gains. We have actually likewise made collective efforts to enhance our power trading abilities, with a strong concentrate on electrical energy marketing, broadening green power deals and green certificate sales, and actively establishing our international service. These efforts have actually started to reveal appealing outcomes. Looking ahead, the Group has actually developed and is performing a brand-new advancement method, underpinned by the goal of ‘enhancing the business and improving the certainty of success.’ We will position higher focus on the quality of development, with the goal of providing higher go back to our investors.”
Subject: Press release summary
