CONCORD NE Anticipates H1 Profit of RMB 90M to RMB 110M, Down from Last Year
Stock News
Aug 10
CONCORD NE (00182) announced that the group expects to record a profit attributable to equity holders of approximately RMB 90 million to RMB 110 million for the first half of 2026, compared to a profit of about RMB 292 million in the same period last year.
The anticipated decline in profit is primarily attributed to lower power generation due to the combined impact of grid absorption constraints and climate fluctuations, coupled with the deepening of market-oriented electricity trading, which has led to a decline in the average comprehensive electricity price, resulting in reduced revenue and profit from the power generation business.
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