黔源电力：2025年上半年净利润1.27亿元，同比下降4.54%

Core Insights - The company reported a revenue of 883 million yuan for the first half of 2025, representing a year-on-year increase of 1.23% [1] - Net profit for the same period was 127 million yuan, showing a decline of 4.54% compared to the previous year [1] Revenue and Profit Analysis - The decrease in net profit is attributed to lower water inflow, which was 23% less than the same period last year and 27.7% below the multi-year average [1] - Despite the reduced water inflow, the company's electricity generation increased to 3.201 billion kilowatt-hours, up from 3.152 billion kilowatt-hours in the previous year, marking a rise of 1.55% [1] Generation and Revenue Impact - The increase in electricity generation contributed to higher revenue and profit from power generation [1]