LEP(SH:600644) Zheng Quan Zhi Xing·2025-07-24 16:21Financial Performance Summary - The total operating revenue for the first half of 2025 was RMB 162,339.14 million, representing a year-on-year increase of 1.94% compared to RMB 159,250.43 million in the same period last year [1] - Operating profit decreased by 24.71% to RMB 1,290.54 million from RMB 1,714.19 million year-on-year [1] - Total profit fell by 35.62% to RMB 1,199.49 million from RMB 1,863.09 million in the previous year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 66.35% to RMB 627.00 million from RMB 376.91 million year-on-year [1][2] - Basic earnings per share decreased by 19.19% to RMB 0.0139 from RMB 0.0172 in the previous year [1] Asset and Equity Overview - Total assets at the end of the reporting period were RMB 456,311.55 million, up 3.70% from RMB 440,011.77 million at the beginning of the period [1] - The equity attributable to shareholders increased by 7.41% to RMB 57,832.0818 million from RMB 53,840.0659 million [1] Operational Metrics - The total electricity sales volume was 228,743 million kWh, a slight decrease of 0.08% year-on-year [1] - The total gas sales volume was 9,190 million cubic meters, down 1.10% year-on-year [1] - The total water sales volume was 3,084 million cubic meters, also showing a decline [1] Cost and Profitability Factors - The implementation of a new time-of-use electricity pricing policy from May 2025 reduced gross profit from electricity sales, alongside increased gas purchase costs due to new contract terms, collectively reducing profits by approximately RMB 27 million [1] - Increased self-generated electricity and small hydropower generation led to a decrease in electricity purchase costs, resulting in a gross profit increase of approximately RMB 29 million [1] - The absence of non-recurring gains from asset disposals in the previous year, which amounted to approximately RMB 3.4 million, contributed to the decline in overall profit [1] - An increase in impairment losses due to aging receivables added approximately RMB 3.3 million in costs [1]