CNE Tech Corp Reports Interim Results with Profit Decline of Approximately 62.7%

Stock News08-27

CNE Tech Corp (00611) has released its interim results for the 2026 fiscal year, posting revenue of approximately RMB 482 million, a year-on-year decrease of 9.6%. The profit attributable to equity holders stood at RMB 32.152 million, down roughly 62.7% compared to the same period last year, with basic earnings per share at RMB 1.74 cents.

The company noted that the revenue decline was primarily driven by reduced earnings from the EPC, consulting, and overall construction segments during the period. The drop in profit was mainly attributed to a significant contraction in the scale of external EPC business, compounded by regional power curtailment measures that slowed electricity generation growth, impacting operational performance.

As of June 30, 2026, the group operated a total of 156 power stations, comprising 138 wind and solar plants with an operational capacity of 2,128 MW (based on actual installed capacity), and 18 energy storage stations with an operational capacity of 1,596 MWh. During the first half of 2026, the group generated 1.12 billion kWh from wind and solar sources, with growth in generation volume moderating due to regional power curtailment restrictions.

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