Tiger Brokers

Perennial Energy FY2025 gross profit fell 59.3% to RMB360 million on revenue down 29.3% to RMB1.21 billion

Reuters
Yesterday
Perennial Energy FY2025 gross profit fell 59.3% to RMB360 million on revenue down 29.3% to RMB1.21 billion
  • Perennial Energy published an annual results announcement, reporting revenue of RMB1.21 billion, down 29.3%, and gross profit of RMB359.90 million, down 59.3%.
  • Gross profit margin was 29.8%, down 22.1 percentage points, as lower coal market prices reduced average selling prices and higher underground preparatory work and waste-disposal costs weighed on margins.
  • The company posted a loss and total comprehensive expense of RMB197.79 million, and basic loss per share was RMB12.36 cents.
  • An impairment loss of RMB204.59 million was recognized on mining rights and property, plant and equipment at the Xiejiahegou Coal Mine, reflecting lower projected operating cash flows tied to weaker clean coal prices.
  • Management said Unit 1 of its associate’s 2x660MW coal-fired power project began trial operation in March 2026, with commercial operation expected after testing and approvals, while Unit 2 is scheduled to commence commercial operation in mid 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perennial Energy Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260324-12065321), on March 24, 2026, and is solely responsible for the information contained therein.

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