CGN Power Reports 9.33% Drop in First-Quarter Net Profit
Stock News
Apr 28
CGN Power (01816) announced its financial results for the first quarter of 2026. The company's operating revenue amounted to approximately RMB 16.319 billion, reflecting a 13.25% decrease compared to the same period last year, which has been restated. Total profit reached about RMB 4.985 billion, while net profit attributable to shareholders of the listed company was approximately RMB 2.741 billion. These figures represent declines of 14.86% and 9.33%, respectively, from the prior-year restated period. The primary reasons for the decrease include reduced on-grid electricity generation by certain subsidiaries and lower market electricity prices compared to the same period last year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.