SDHS NEW ENERGY (01250) announced its annual results for the period ending December 31, 2025. The group recorded revenue of RMB 4.409 billion, a decrease of 0.33% compared to the previous year. Profit attributable to owners of the company was RMB 229 million, representing a decline of 19.51% year-on-year. Earnings per share were RMB 10.18 cents.
According to the announcement, the decrease in revenue was primarily due to the combined effect of the following factors: (i) a year-on-year reduction in revenue from the photovoltaic power generation business caused by increased grid curtailment; (ii) growth in revenue from the wind power business due to favorable wind resources and the grid connection of newly built power stations; and (iii) a decrease in construction and related services revenue.
For the year, power sales generated revenue of approximately RMB 3.732 billion (2024: approximately RMB 3.674 billion), an increase of about 1.6% compared to the prior year.