Xinte Energy (01799.HK) saw its stock price plummet by 5.23% in early trading on Friday, following the release of its disappointing financial results for the first three quarters of 2025. The sharp decline comes as investors react to the company's significant net loss and lower-than-expected revenue figures.

According to the unaudited financial report released late Thursday, Xinte Energy posted a net loss attributable to shareholders of approximately RMB 527 million for the nine months ended September 30, 2025. This stands in stark contrast to investor expectations and highlights the challenges faced by the company in the current economic climate.

While Xinte Energy reported operating revenue of RMB 11.66 billion for the period, the high operating costs of RMB 10.72 billion have significantly impacted the company's profitability. The disappointing results have led to a sell-off in the stock, as investors reassess the company's near-term prospects and potential for recovery in the renewable energy sector.