JNCEC announced its interim results, with profit attributable to equity holders of approximately HKD 1.983 billion, a year-on-year decrease of 4.98%

According to the Zhitong Finance APP, JNCEC (00579) announced its mid-term results for 2025, with revenue of approximately RMB 10.8997 billion, a year-on-year increase of 2.91%. The profit attributable to equity holders of the company was approximately RMB 1.983 billion, a year-on-year decrease of 4.98%. The basic and diluted earnings per share were 24.05 cents. The gas-fired power generation segment operated smoothly, with various indicators showing steady growth, demonstrating strong resilience. In the first half of the year, the gas power generation and heating segment achieved a power generation of 9.72 billion kWh, a year-on-year increase of 2.3%, with equipment utilization hours of approximately 2,036 hours, an increase of 17 hours year-on-year, exceeding the national average of 1,029 hours; contributing operating revenue of RMB 6.58 billion, a year-on-year increase of 2.0%. The group effectively mitigated the impact of electricity price fluctuations through measures such as deepening combined heat and power scheduling and expanding industrial steam users. Among them, Beijing JNCEC Gaoantun Gas Thermal Power Co., Ltd. saw a year-on-year increase in power generation of 280 million kWh, with a growth rate of 19%, significantly improving capacity release efficiency; Beijing Jingqiao Thermal Power Co., Ltd. saw a comprehensive power consumption decrease of 0.6% year-on-year, demonstrating the effectiveness of refined management; Beijing Shangzhuang Gas Thermal Power Co., Ltd. achieved a year-on-year profit increase of 26.9% driven by innovative business, providing a practical model for the transformation and upgrading of gas power plants. As of June 30, 2025, the group's total installed capacity steadily increased to 17.914 million kW, a year-on-year increase of 21.4%, with non-fossil energy installed capacity reaching 13.139 million kW, accounting for 73.3% of the total installed capacity, further optimizing the energy structure. Among them, the wind power generation segment had an installed capacity of 7.048 million kW, with an additional installed capacity of 190,000 kW compared to the end of 2024; the photovoltaic segment had an installed capacity of 5.555 million kW, with an additional installed capacity of 287,000 kW. The group's projects under construction have an installed capacity of 2.056 million kW, all of which are renewable energy projects. In the first half of the year, the group's total power generation was 21.87 billion kWh, a year-on-year increase of 8.8%, of which: the wind power generation segment generated 8.49 billion kWh, a year-on-year increase of 18.9%, with equipment utilization hours of approximately 1,240 hours, exceeding the national average by 153 hours; the photovoltaic power generation segment generated 3.36 billion kWh, a year-on-year increase of 17.4%, with equipment utilization hours of approximately 680 hours, exceeding the national average by 120 hours