Shenzhen Energy Group (000027) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥11.3 billion, up 6.45% year-over-year; YTD revenue was ¥32.44 billion, up 6.66% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥259.6 million, down 30.12% year-over-year; YTD net profit was ¥1.96 billion, down 7.58% year-over-year.

• Power generation volume increased 13.71% year-over-year for the first nine months, with notable growth in natural gas and solar segments.

Financial highlights

• Operating cash flow for Q3 was ¥9.51 billion, up 27.58% year-over-year.

• Basic and diluted EPS for Q3 were ¥0.0155, down 62.10% year-over-year; YTD EPS was ¥0.3555, down 6.67% year-over-year.

• Total assets at quarter-end were ¥170.98 billion, up 5.96% from the previous year-end.

• Net assets attributable to shareholders were ¥50.24 billion, up 3.77% from year-end.

Outlook and guidance

• New capacity additions in Q3 included solar and wind projects, increasing total controllable installed capacity to 25.48 GW.

• Natural gas and solar power generation are expected to continue strong growth, supported by recent capacity expansions.