China Longyuan Power Group (916) H1 2025 earnings summary

Executive summary

• Operating revenue for H1 2025 was RMB15,657 million, down 18.6% year-over-year, mainly due to the disposal of the coal power segment and lower wind power tariffs and utilization hours.

• Net profit attributable to equity holders was RMB3,519 million, a 14.4% decrease year-over-year, with basic EPS at RMB0.42.

• The Group added 2,053.54 MW of new energy capacity, mainly in wind and photovoltaic, bringing total consolidated installed capacity to 43,196.74 MW and marking a complete exit from coal-fired power.

• Interim dividend of RMB0.1 per share proposed, totaling RMB835.98 million, representing 24.77% of net profit.

Financial highlights

• Operating revenue from continuing operations increased 3.1% to RMB15,657 million, driven by a 65.6% rise in photovoltaic segment revenue, while wind power segment revenue fell 1.6% to RMB13,826 million.

• Operating profit from continuing operations was RMB6,730 million, down 6.2% year-over-year.

• Net finance expenses increased 3.9% to RMB1,693 million.

• Net profit from continuing operations was RMB4,174 million, down 10.8% year-over-year.

• Total assets reached RMB269,167 million, with equity attributable to equity holders at RMB74,515 million.

Outlook and guidance

• Focus on high-quality growth, cost control, and technological innovation to maintain industry leadership.

• Plans to expand wind and photovoltaic capacity, especially in resource-rich, large-scale, offshore, and overseas markets.

• Emphasis on digital transformation, risk management, and market-oriented reforms to adapt to evolving energy policies.