三峡水利：上半年净利润4793.28万元，同比下降79.07%

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to adverse water conditions affecting hydroelectric power generation and other operational challenges [1] Financial Performance - The company achieved operating revenue of 4.896 billion yuan, a year-on-year decrease of 6.1% [1] - The net profit attributable to shareholders was 47.9328 million yuan, down 79.07% year-on-year [1] - Basic earnings per share were reported at 0.03 yuan [1] Reasons for Performance Decline - The main reasons for the performance decline include: - Reduced hydroelectric power generation due to lower water inflow in the river basin [1] - Tax payments and penalties related to the 2021-2023 period for subsidiaries [1] - Decreased investment income from important equity investees due to their performance decline [1] - Reduced gains from asset disposals, including line relocations and substations [1] - Delayed receipt of rural power network loan repayment subsidy funds, leading to decreased other income [1]