Core Insights - Company reported revenue and profit growth for Q3 2025, with total revenue of 7.935 billion and net profit of 762 million, marking increases of 5.07% and 25.78% respectively compared to the previous year [1] - The growth is attributed to the company's alignment with the national "dual carbon" strategy and the implementation of a dual-driven strategy focusing on "energy assets + energy services" [1] Financial Performance - For the first nine months of 2025, the company achieved a net profit of 762 million, a 25.78% increase year-on-year, and a non-recurring net profit of 677 million, up 46.39% [1] - In Q3 alone, the net profit reached 243 million, reflecting a 24.43% year-on-year growth, while the non-recurring net profit was 213 million, increasing by 14.37% [1] Business Strategy - The company is focusing on the construction of a new power system and transforming its business structure to adapt to market developments, creating a stable and growth-oriented profit model [1] - Key drivers of performance include the rolling development of distributed photovoltaic projects and the expansion of energy service businesses such as electricity sales and virtual power plants [1][2] Energy Asset Management - The company has established a solid revenue base through high-quality asset reserves and refined operations, with a total installed capacity of 6402.41 MW as of September 30, 2025, of which 60.08% is renewable energy [2] - The company continues to increase investments in renewable energy projects and optimize its asset structure [2] Energy Services Growth - Energy services are identified as a growth accelerator, with a focus on energy-saving services and trading services [2] - The company has developed distributed photovoltaic projects under the "Xin Zero Carbon" and "Xin Sunshine" brands, achieving an installed capacity of 1910.54 MW by September 30, 2025 [2] Virtual Power Plant Development - The company's virtual power plant business has expanded regionally, now operating in multiple provinces including Jiangsu, Shanghai, Zhejiang, Sichuan, and Shenzhen [3] - As of September 30, 2025, the adjustable load capacity of the virtual power plant reached 835 MW, with a significant market share in Jiangsu [3]
同比增长25.78%!协鑫能科前三季度净利润达7.62亿元