China Longyuan Power Group (916) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 reached RMB22,221 million, up 3.70% year-over-year from continuing operations.

• Net profit attributable to equity holders was RMB4,613 million, down 19.84% year-over-year.

• Total consolidated installed capacity increased to 43,417.39 MW, a 17.31% rise from the previous year.

Financial highlights

• Operating profit for the period was RMB9,089 million, compared to RMB9,584 million in the prior year.

• Profit before taxation was RMB6,637 million, down from RMB7,213 million year-over-year.

• Net finance expenses increased slightly to RMB2,546 million.

• Profit for the period from continuing operations was RMB5,428 million, compared to RMB6,005 million last year.

• Profit from discontinued operations, net of tax, was RMB511 million.

Segment performance

• Wind power segment revenue was RMB19,144 million, down 1.82% year-over-year.

• Photovoltaic segment revenue surged 64.82% to RMB2,806 million.

• Other segments contributed RMB271 million, up 19.26% year-over-year.

• Wind power generation increased 5.30% to 46,188 GWh; photovoltaic power generation rose 77.98% to 10,354 GWh.

• Average wind power utilization hours dropped by 95 hours to 1,511 hours due to lower wind speeds.