Shenzhen Energy Group (000027) Q1 2025 earnings summary

Executive summary

• Achieved operating revenue of RMB 9.78 billion, up 1.78% year-over-year for Q1 2025.

• Net profit attributable to shareholders reached RMB 1.35 billion, a 22.31% increase year-over-year.

• Power generation grew 9% year-over-year, with notable increases in gas, wind, solar, and waste-to-energy segments.

• New projects commissioned include Hongwan Power Plant Phase II, Sheneng Binquan Wind Farm, and Wengyuan Waste-to-Energy Project.

Financial highlights

• Operating revenue: RMB 9.78 billion (up 1.78% year-over-year).

• Net profit attributable to shareholders: RMB 1.35 billion (up 22.31% year-over-year).

• Basic EPS: RMB 0.2677 (up 29.07% year-over-year).

• Net cash flow from operating activities: RMB 3.39 billion (up 55.38% year-over-year).

• Total assets at period end: RMB 172.43 billion (up 6.86% from year-end 2024).

Outlook and guidance

• Continued growth in renewable and environmental segments expected, supported by new project launches and increased power generation.