Concord New Energy Group Limited (SEG) said it expects profit attributable to equity holders for the year ended Dec, 31 2025 to fall by more than 80% from the previous year.

The projected decline is mainly due to lower revenue and gross margin from its power-generation business, losses and impairments on certain assets, and the absence of a one-off tax gain recorded in 2024.

The company cited weaker wind and solar resources, grid-absorption constraints, and lower market electricity prices as key operational pressures. It also reversed part of previously recognised renewable-energy subsidies after regulatory review.

Despite the expected earnings drop, Concord New Energy reported a year-on-year increase in cash generated from operating activities. The group said cost-control measures, workforce optimisation and new project development, including U.S. photovoltaic power-purchase agreements, have started to yield results.

Final audited results are scheduled for release by the end of Mar, 2026. The company advised shareholders and investors to exercise caution when dealing in its shares.