Concord New Energy Group Limited (CNE), listed on the Hong Kong Stock Exchange (stock code: 182) and Singapore Exchange Securities Trading Limited (stock code: SEG), announced a profit warning for the year ended 31 December 2025, citing an expected decrease of over 80% in unaudited profit attributable to equity holders compared with the previous year’s figure of RMB800.00 million. Despite the profit decline, the company reported a year-on-year increase in cash generated from operating activities during the period.

CNE attributed the profit drop primarily to weaker-than-expected wind and solar resources, higher curtailment rates, and lower average electricity prices. The group also recognized losses and impairments on certain assets and did not record the one-time tax gain seen in 2024. CNE responded with measures including cost reduction, workforce optimization, project development, additional asset placements, and a secondary listing in Singapore.

Concord New Energy, headquartered in Singapore, focuses globally on wind, solar, and energy storage investments, alongside providing technical services and integrated solutions. The company is finalizing its annual results for the period and plans to publish further information by the end of March 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.