Concord New Energy Group Ltd. warned that it expects unaudited profit attributable to equity holders for the year ended 31 December 2025 to drop by more than 80% year-on-year, versus about RMB800 million in 2024. The group said the decline was driven by weaker power generation revenue and margins, a one-time reversal of previously recognized subsidy revenue, fair-value losses and impairments, and the absence of a prior-year tax-related non-recurring gain, while cash generated from operating activities increased compared with 2024.

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