---
title: "CONCORD NE's net profit fell 83% to 25.97 million yuan last year | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280641817.md"
description: "Concord New Energy's net profit last year plummeted nearly 83% year-on-year, falling to RMB 139.72 million (approximately SGD 25.97 million), with revenue decreasing by 7% to RMB 2.54401 billion. The company plans to distribute a final dividend of HKD 0.003 per share, expected to be paid out in June this year. Despite a reduction in financing costs, net profit has significantly declined due to intensified power restrictions and falling electricity prices. The company anticipates that the industry environment remains challenging, and future performance is expected to be under pressure"
datetime: "2026-03-26T13:37:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280641817.md)
  - [en](https://longbridge.com/en/news/280641817.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280641817.md)
---

# CONCORD NE's net profit fell 83% to 25.97 million yuan last year | Lianhe Zaobao

Affected by rising sales costs and impairment losses, wind power company Concord New Energy saw its net profit plunge nearly 83% year-on-year to 139.72 million RMB (approximately 25.97 million SGD) last year. At the same time, the company plans to distribute a final dividend of HKD 0.003 per share, expected to be paid out in June this year.

Concord New Energy pointed out in its earnings report released on Thursday (March 26) that revenue last year decreased by 7% year-on-year, reporting 2.54401 billion RMB.

The company noted that although overall business was growing last year and financing costs had decreased, net profit significantly declined due to factors such as intensified power rationing in China and a drop in comprehensive electricity prices.

As for the outlook for this year, Concord New Energy believes the industry environment remains challenging, putting pressure on the company's performance. "The structural supply-demand imbalance in China's new energy sector still shows no signs of improvement, and power rationing for wind and solar energy in some regions may further exacerbate the situation."

The company pointed out that power plants under construction outside of China have not yet fully commenced operations, thus failing to contribute significant revenue. "2026 will be a year for the company to maintain prudent operations and accumulate momentum for future growth."

Concord New Energy closed at HKD 0.047 on Thursday, down 2.08%

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