CGN New Energy Reports 5.1% Decrease in June Power Generation

Stock News
Jul 13

CGN New Energy Holdings Limited (CGN NEW ENERGY) (HKG: 01811) has released its operational figures for June 2026.

The company announced that its power generation for the month, on a consolidated basis, reached 1,331.5 gigawatt-hours.

This figure represents a year-on-year decrease of 5.1% compared to the same period in 2025.

Breakdown by Project Type

Within the Chinese market, the performance of different project types varied significantly.

Generation from the company's Chinese wind power projects fell by 17.1% year-on-year.

In contrast, output from Chinese solar projects saw a substantial increase of 33.5%.

Power generation from Chinese gas-fired projects rose by 6.3%, while Chinese hydropower projects experienced a decline of 10.5%.

For the company's operations in South Korea, power generation decreased by 6.5% compared to June 2025.

First-Half Performance Summary

For the six-month period ending June 30, 2026, the group's cumulative power generation totaled 9,307.3 gigawatt-hours.

This represents a 2.2% decrease compared to the first half of 2025.

During this period, Chinese wind power generation was down 17.9% year-on-year.

Chinese solar power generation increased by a strong 35.3%.

Output from Chinese gas projects grew by 3.7%, and Chinese hydropower generation increased by 12.3%.

Generation from the company's South Korean projects rose by 12.8% over the first half of the previous year.

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