Shangao New Energy (01250) expects profit attributable to shareholders in the medium term to be about 139 million yuan to about 170 million yuan

According to Zhitong Finance App News, Shangao New Energy (01250) issued an announcement. According to the preliminary assessment of the Company's latest unaudited comprehensive management accounts for the six-month period ending June 30, 2026 (this period), and the latest information currently available to the board of directors, the Company expects to obtain profit attributable to equity holders of the Company during this period of approximately RMB 139 million to approximately RMB 170 million, compared to approximately RMB 287 million in profit attributable to equity holders of the Company for the six months ending June 30, 2025.

The expected decrease in profit attributable to the Company's equity holders is mainly due (including but not limited to) (i) increased restrictions on electricity consumption; (ii) the decline in the overall average electricity price; and (iii) the combined effects of a decrease in power generation revenue compared to the same period last year due to the decline in wind and solar resources.