CGN New Energy Holdings Co. Ltd. has released a trading update for June 2025, revealing a mixed performance in its power generation activities. The company experienced a year-on-year decrease in power generation due to several factors. Notably, its hydro project in Sichuan Province saw reduced water inflows, impacting output. Additionally, the gas-fired project in Hubei Province reported a decline in power dispatch load. Technical improvements at the Yulchon I gas-fired project in Korea also led to a moderate decrease in generation. Conversely, the company's solar projects demonstrated growth, with an increased capacity compared to June 2024, resulting in higher power generation. The equity transfer of the Nantong cogen project in Jiangsu Province was completed, meaning it will no longer contribute power output. The update is based on preliminary internal management information and is unaudited, serving as a reference for investors.
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