Concord New Energy warns of ~66% slide in H1 2026 profit amid weaker output and tariffs

Bulletin Express
Aug 10

Concord New Energy Group Limited expects unaudited profit attributable to equity holders for the six months ended 30 June 2026 to fall to between RMB90 million and RMB100 million, sharply below the RMB292 million recorded a year earlier. The projected range implies a year-on-year contraction of roughly 65 %–69 %.

Management attributes the deterioration to two operational headwinds:

1. Power-generation volume declined due to grid absorption constraints and climate fluctuations, directly compressing revenue from the core wind, solar and energy-storage portfolio.

2. The further deepening of market-oriented power trading reduced the Group’s average comprehensive electricity tariff, adding additional pressure to margins.

The figures are based on the Board’s preliminary review and have not been audited. Concord New Energy plans to release its full interim results in August 2026. The Singapore-headquartered group remains focused on investing in and operating wind, solar, energy-storage projects and AI-enabled electricity infrastructure, alongside providing related technical services and integrated solutions.

Shareholders and potential investors are urged to exercise caution when trading the company’s shares until the detailed interim results are announced.

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