Core Viewpoint - China General Nuclear Power Corporation (CGN) New Energy reported a decrease in revenue and profit for the six months ending June 30, 2025, primarily due to lower electricity prices and generation from its projects in South Korea, as well as a decline in output and steam sales following the sale of a combined heat and power project in China in March 2025 [1] Financial Performance - Revenue for the period was $857 million, representing a year-on-year decrease of 12.8% [1] - Profit attributable to equity shareholders was $164 million, down 10.86% year-on-year [1] - Basic earnings per share were 3.81 cents [1] Operational Challenges - The decline in revenue was attributed to reduced electricity prices and generation capacity from the South Korean projects [1] - The sale of a combined heat and power project in China in March 2025 led to decreased generation and steam sales [1]
中广核新能源(01811)发布中期业绩 权益股东应占溢利1.64亿美元 同比减少10.86%