Central New Energy (01735) announced its 2025 financial results, achieving revenue of approximately HK$11.017 billion, a year-on-year increase of 82.64%. Operating profit reached around HK$210 million, up 64.75% compared to the previous year. EBITDA was approximately HK$322 million, representing a growth of 34.10%. Profit for the year amounted to HK$60.734 million, an increase of 12.27%.
Since 2022, the company has established high-efficiency photovoltaic N-type cell and advanced PV module manufacturing operations in Fengtai, Huainan and Tongcheng, Anqing. Projects at both locations are now fully operational. While strengthening its core businesses of PV manufacturing and power plant development, the company plans to further expand into the energy storage sector, systematically deploying energy storage and green computing infrastructure. Its PV manufacturing and energy storage project in Ningxia is progressing as scheduled.
During the reporting period, the company signed multiple framework cooperation agreements in areas including new energy project development, decarbonization, and sustainable aviation fuel. The Board believes these collaborations will help the company fully leverage its experience and capabilities in new energy project development and operation, thereby expanding clean energy opportunities in markets along the Belt and Road initiative.
Building on this foundation, the company is actively extending its reach downstream in the industry chain, increasing investments in related businesses to build an integrated "generation-storage-utilization" flexible energy network. This aims to enhance green electricity consumption capacity and power system regulation capabilities.
Simultaneously, leveraging its own clean power and energy storage infrastructure, the company is proactively planning the construction of AI computing centers. The objective is to provide stable, low-carbon power support for energy-intensive computing infrastructure, achieving an extension of the value chain from green power supply to green data services.
The company will continue to pursue green energy business opportunities, developing its high-efficiency PV N-type cell and advanced module supply business in Fengtai County and Tongcheng City. Looking ahead, the company's vision is clear: to become a "leader in clean and smart energy."
The company is breaking through the boundaries of simply manufacturing PV modules and cells, constructing a vertically integrated ecosystem covering "PV manufacturing - power plant development - energy storage systems - green computing." The strategic direction is based on the following core pillars:
Accelerating Energy Independence: Volatility in fossil fuel markets, significantly impacted by global events, has made energy security a priority for nations and individuals. Solar energy, previously viewed mainly from an environmental perspective, is now seen as a key component of energy independence. The company is committed to expanding manufacturing capacity to meet surging demand. It will provide tools ranging from high-efficiency residential panels to utility-scale PV power plants, enabling nations, businesses, and homeowners to control their own energy production, insulated from external shocks and price fluctuations.
Strengthening Supply Chain Resilience: Recent global disruptions have exposed the fragility of concentrated supply chains. The company is actively building a more robust and diversified supply network. By investing in regional manufacturing partnerships and exploring innovative procurement strategies, it ensures customers have access to a reliable, uninterrupted supply of products.
Driving Innovation for a More Challenging Future: Global energy demand is growing, and the need for reliable electricity has never been more urgent. The company's R&D efforts focus on creating next-generation solar technology. While the world faces significant challenges, this also accelerates the transition to clean energy. At Central New Energy, the company foresees new energy not merely as a product, but as a cornerstone for a more peaceful, prosperous, and secure world. The company is not just building a business; it is laying the foundation for a future where energy is a source of empowerment, not conflict.
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