Perennial Energy profit plunges 99% on coal price drop

Perennial Energy Holdings Limited reported net profit of RMB3.0 million for the six months ended 30 June 2025, a 98.9% decrease from RMB257.6 million in the prior year.

Revenue fell 31.9% to RMB591.5 million while gross profit dropped 65.1% to RMB167.8 million. The gross profit margin fell 27.0 percentage points to 28.4%.

The decline was driven by sharp falls in coal market prices and increased operating costs. The board did not declare an interim dividend.