Sichuan New Energy Power Company (000155) investor relations material

Executive summary

• Revenue grew 17.83% year-over-year to ¥3.60 billion, driven by lithium business expansion, while net profit attributable to shareholders declined 30.87% to ¥502 million due to lower wind and solar power profits and increased impairment provisions.

• Wind and solar power generation volume fell over 20% year-over-year due to grid constraints and market reforms, while lithium mining and salt production achieved full capacity, boosting lithium segment revenue by 197.1%.

• Cash flow from operations increased 46.01% year-over-year to ¥2.30 billion, reflecting strong lithium sales and improved collections.

Financial highlights

• Operating income: ¥3.60 billion, up 17.83% year-over-year.

• Net profit attributable to shareholders: ¥502 million, down 30.87% year-over-year.

• Basic and diluted EPS: ¥0.27, down 35.71% year-over-year.

• Gross margin for lithium business: 57.88%; wind/solar: 45.78%.

• Total assets: ¥27.89 billion, up 10.58% from prior year-end.

• Net assets attributable to shareholders: ¥10.47 billion, up 1.90%.

• Operating cash flow: ¥2.30 billion, up 46.01%.

Outlook and guidance

• Plans to accelerate wind and solar project construction, expand lithium resource base, and pursue further integration of lithium and power segments.

• Focus on cost control, digital transformation, and technology innovation to enhance competitiveness.

• Anticipates continued market volatility in lithium prices and increased competition in renewable power.