Puxing Energy Ltd. Reports 17.40% Revenue Increase, 67.23% Drop in Profit for H1 2025
Reuters
Aug 29
<a href="https://laohu8.com/S/00090">Puxing Energy</a> Ltd. Reports 17.40% Revenue Increase, 67.23% Drop in Profit for H1 2025
Puxing Energy Ltd. has announced its interim financial results for the six months ended 30 June 2025. The company reported a revenue increase of 17.40%, reaching RMB 244.4 million compared to RMB 208.2 million in the same period in 2024. Despite the growth in revenue, profit from operations decreased by 25.52%, amounting to RMB 51.8 million from RMB 69.6 million in 2024. The profit attributable to equity shareholders saw a significant drop of 67.23%, falling to RMB 12.1 million from RMB 36.8 million in the previous year. The breakdown of revenue shows that volume tariff revenue for electricity rose to RMB 90.1 million from RMB 38.2 million, while capacity tariff revenue slightly decreased to RMB 137.4 million from RMB 150.3 million. Revenue from sales of heat was RMB 15.6 million, down from RMB 19.7 million the previous year. Additionally, the company reported revenue from energy storage rental income amounting to RMB 1.3 million, a new revenue stream for the period. The company's results reflect various operational dynamics, with all revenue being derived from activities within the People's Republic of China. No specific outlook or guidance has been provided in the announcement.
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