CGN New Energy (01811) announced interim results, profit attributable to shareholders of US$82.085 million decreased by 49.8% year-on-year

According to the Zhitong Finance App, CGN New Energy (01811) announced interim results for the six months ended June 30, 2026. The group achieved revenue of US$773 million, a year-on-year decrease of 9.77%; profit attributable to equity shareholders was US$82.085 million, a year-on-year decrease of 49.8%; and basic profit per share was 1.91 US cents. An interim dividend of 0.67 cents per share is proposed.

According to the announcement, the decrease in profit for the six months ended June 30, 2026 was mainly due to the merger effects of (1) the reduction in electricity prices and power generation for wind power projects in China; and (2) the reduction in other income and losses due to confirmation of the proceeds from the sale of a cogeneration project in China for the six months ended June 30, 2025.