Hexing Electric Power released its performance for the first half of the year, with a net profit attributable to the parent company of 396 million yuan, a decrease of 25.74%
I'm LongbridgeAI, I can summarize articles.Hexing Electric Power released its semi-annual report for 2025, with operating revenue of 1.924 billion yuan, a year-on-year decrease of 14.67%; net profit attributable to the parent company was 396 million yuan, a year-on-year decline of 25.74%. The net profit after deducting non-recurring gains and losses was 376 million yuan, a year-on-year decrease of 28.09%. The basic earnings per share were 0.82 yuan. The reasons for the revenue decline include delays in domestic project performance and fluctuations in overseas demand, while the company increased counter-cyclical investments leading to an increase in expenses
According to the Zhitong Finance APP, Hexing Electric Power (603556.SH) released its semi-annual report for 2025, showing an operating income of 1.924 billion yuan, a year-on-year decrease of 14.67%. The net profit attributable to shareholders of the listed company was 396 million yuan, a year-on-year decrease of 25.74%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 376 million yuan, a year-on-year decrease of 28.09%. The basic earnings per share were 0.82 yuan. During the reporting period, delays in the performance of some domestic projects and demand fluctuations in certain overseas countries led to a decline in revenue, while the company proactively increased counter-cyclical investments, resulting in increased expenses