SPICYD(SH:600292)2026-03-22 07:50Financial Performance - Total operating revenue for 2025 was CNY 1,215,199.32 million, a decrease of 15.90% compared to CNY 1,445,021.25 million in the previous year[4] - Net profit attributable to shareholders was CNY 53,221.29 million, down 34.07% from CNY 80,721.77 million year-on-year[4] - Basic earnings per share decreased to CNY 0.12, a decline of 33.33% from CNY 0.18 in the previous year[4] - The decline in net profit was primarily due to the divestment of non-renewable assets, reduced water flow in the Yuan River basin, and increased intermediary service fees during the restructuring[6] - The company expects a decrease of approximately CNY 275 million in net profit attributable to shareholders compared to the previous year[6] Assets and Equity - Total assets at the end of the reporting period were CNY 6,356,572.87 million, a decrease of 27.95% from CNY 8,822,822.08 million at the beginning of the period[4] - The company’s equity attributable to shareholders increased by 3.73% to CNY 1,701,556.68 million from CNY 1,640,426.69 million[4] - The company experienced a significant increase in total assets and equity due to the merger with Wuling Power Co., Ltd. and Guangxi Changzhou Hydropower Development Co., Ltd.[6] Return on Assets - The company’s weighted average return on net assets decreased to 3.19% from 5.07%[4] Financial Data Disclaimer - Investors are advised that the financial data presented is preliminary and may differ from the final annual report by no more than 10%[7]