CGN NEW ENERGY (01811) Reports Interim Results: Net Profit Attributable to Shareholders Falls 10.86% to $164 Million

Stock News

2025/08/19

CGN NEW ENERGY (01811) announced its interim results for the six months ended June 30, 2025. The company recorded revenue of $857 million, representing a 12.8% year-on-year decrease. Net profit attributable to equity shareholders declined 10.86% to $164 million, while basic earnings per share stood at 3.81 US cents.

According to the announcement, the revenue decline was primarily attributed to reduced electricity prices and power generation from Korean projects, as well as decreased power generation and steam sales following the disposal of a Chinese cogeneration project in March 2025.

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