CENTRAL NEW EGY (01735) announced its 2025 interim results, reporting revenue of approximately HK$4.049 billion, representing a 59.92% year-on-year increase. Gross profit reached HK$86.43 million, surging 100.06% year-on-year. Profit attributable to owners totaled HK$23.273 million, with earnings per share of HK$0.55 cents.
As of June 30, 2025, the company's total assets amounted to approximately HK$6.028 billion, up 34.6% from HK$4.477 billion as of December 31, 2024. During the same period, net assets stood at approximately HK$1.809 billion, representing a 17.5% increase from HK$1.540 billion as of December 31, 2024.
The announcement attributed the revenue increase primarily to the combined impact of: increased revenue from the new energy and EPC segment to approximately HK$3.311 billion (previous period: approximately HK$1.6814 billion) due to higher sales of photovoltaic modules and high-efficiency N-type batteries; and increased revenue from the health and medical segment to approximately HK$692 million (previous period: approximately HK$400 million). The gross profit margin also improved from approximately 1.7% in the previous period to approximately 2.1% in the reporting period, mainly due to the relatively higher gross profit margin of the new energy and EPC business segment.
To adapt to evolving market dynamics and accelerate its transition to sustainable new energy business, the group has implemented strategic resource reallocation to prioritize renewable energy projects. This adjustment involves gradually reducing its green building operations while increasing investment in emerging energy sectors.
Since 2022, the company has invested in high-efficiency photovoltaic N-type batteries and advanced photovoltaic modules in Fengtai County. In 2024, Phase I and Phase II construction of 3GW photovoltaic modules and 6GW photovoltaic battery projects were completed and commenced production by the end of 2024. In 2026, the company will gradually advance capacity expansion work at the Fengtai and Tongcheng bases according to market dynamics and investment strategies.
CENTRAL NEW EGY is actively building strategic partnerships. Since this year, the company has prioritized focusing on cooperation development in markets such as the Middle East and Africa, including strategic agreements with Sama Tech Ventures L.L.C in the UAE and EGN LTD in Oman, promoting the construction and development of integrated photovoltaic-storage-charging infrastructure. It also covers the Gotion High-tech Morocco module sales project in Africa.
Meanwhile, the domestic market is also advancing steadily, with strategic cooperation with Shanghai Micro Grid Wisdom United New Energy, Huaihe Energy, Gotion High-tech, and Rongjie Group progressing in an orderly manner. From a business terminal development perspective, this dual-track layout of "deepening domestic quality projects + actively expanding to key overseas regions" has injected strong momentum into the company's power station sales business, especially in the integrated photovoltaic-storage-charging track, showing an overall positive development trend.