Shenzhen Energy Group (000027) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥21.14 billion, up 6.77% year-over-year; net profit attributable to shareholders was ¥1.70 billion, down 2.80% year-over-year.

• Clean energy installed capacity reached 76.22% of total, with significant new capacity in gas, wind, and solar.

• Major strategic investment in the environmental segment, raising ¥5 billion from top domestic investors.

Financial highlights

• Operating cash flow was ¥3.88 billion, down 39.26% year-over-year.

• Total assets at period end were ¥169.72 billion, up 5.18% from year-end 2024.

• Basic and diluted EPS remained at ¥0.34; ROE was 5.10%, down 0.41 percentage points.

• Gross margin for power, environmental, and gas segments were 22.13%, 34.17%, and 5.68% respectively.

• Non-recurring profit items contributed ¥99.18 million, mainly from asset disposals and government subsidies.

Outlook and guidance

• Company will accelerate clean energy transition, optimize energy structure, and expand green power and carbon asset management.

• Plans to further develop offshore wind, hydrogen, and integrated energy projects.