广西能源2025前三季度业绩同比大降 扣非净利润由盈转亏

Core Viewpoint - Guangxi Energy reported significant declines in both operating revenue and net profit for the third quarter of 2025, indicating challenges in its operational performance [1] Financial Performance - For the period from January to September, Guangxi Energy achieved operating revenue of 2.635 billion yuan, a year-on-year decrease of 9.69% [1] - The net profit for the same period was 78.22 million yuan, down 82.6% year-on-year, with a non-recurring net profit loss of 46.80 million yuan, a decline of 125.13% [1] - In the third quarter alone, the operating revenue was 999.83 million yuan, nearly unchanged from the previous year, while net profit and non-recurring net profit were 149.13 million yuan and 34.25 million yuan, respectively, reflecting year-on-year declines of 65.97% and 57.75% [1][2] Business Segments - The hydropower segment faced challenges due to reduced water flow in the Hejiang and Guijiang river basins, leading to decreased power generation and a non-recurring net profit of 199 million yuan, down 32.45 million yuan year-on-year [3] - The thermal power segment reported a non-recurring net profit loss of 234 million yuan, an increase in loss of 86.53 million yuan year-on-year, attributed to lower electricity prices and reduced generation [3] - The supply segment's non-recurring net profit was 175 million yuan, a decrease of 175 million yuan year-on-year, impacted by increased costs from purchasing electricity [3] Other Developments - The wind power segment saw an increase in generation due to the full capacity of offshore wind turbines, but revenue was affected by market imbalances, resulting in a non-recurring net profit of 15.78 million yuan, an increase of 3.78 million yuan year-on-year [4] - Guangxi Energy's non-recurring gains from financial assets decreased significantly, impacting net profit by 51.49 million yuan, down from 235 million yuan the previous year [4] - The company is in the process of transferring its stake in Guohai Securities and has sold a total of 66.74 million shares of Huanqiu New Materials for 339 million HKD in the secondary market [4]