CN GREEN ELECTRICITY issued a profit warning, expecting net profit attributable to shareholders for the first three quarters to be between 702 million yuan and 911 million yuan, a decrease of 0.44% to 23.35%
CN GREEN ELECTRICITY expects its net profit attributable to shareholders for the first three quarters to be between 702 million yuan and 911 million yuan, a year-on-year decrease of 0.44% to 23.35%. The net profit after deducting non-recurring gains and losses is expected to be between 710 million yuan and 922 million yuan. The main reasons include the power restriction rate of existing projects, intensified market competition, and the downward trend in electricity prices, which have compressed profit margins, as well as the impact of controlling stakes in new projects on net profit attributable to shareholders
According to the Zhitong Finance APP, CN GREEN ELECTRICITY (000537.SZ) disclosed its performance forecast for the first three quarters, expecting a net profit attributable to shareholders of the listed company to be between 702 million yuan and 911 million yuan, a year-on-year decrease of 0.44% to 23.35%; the net profit after deducting non-recurring gains and losses is expected to be between 710 million yuan and 922 million yuan.
The announcement stated that the main reasons for the decrease in net profit attributable to shareholders of the listed company compared to the same period last year are: first, the limited electricity consumption rate of existing projects, intensified market competition, and declining electricity prices have compressed profit margins; second, new projects are mainly held by the controlling shareholder, which has affected the net profit attributable to the parent company to some extent
