Central New Energy revenue jumps 59.9% but profit falls

Central New Energy Holding Group Limited reported a substantial increase in revenue for the first half of 2025, reaching approximately HK$4,048.9 million, a 59.9% rise from HK$2,531.9 million in the previous period. This growth was primarily fueled by the new energy and EPC segment, which saw its revenue jump to HK$3,310.6 million from HK$1,681.4 million, now representing 81.8% of the group's total revenue. The health and wellness segment also contributed to the revenue increase, reaching HK$691.8 million compared to HK$399.7 million previously.

Despite the strong revenue performance, the group's profit attributable to owners of the company decreased to approximately HK$23.3 million from HK$40.6 million in the previous period. Basic and diluted earnings per share also fell to HK cents 0.55 from HK cents 0.96. The group’s gross profit, however, rose by 100.1% to HK$86.4 million, improving the gross profit margin from 1.7% to 2.1%, mainly due to higher margins in the new energy and EPC business.

The decrease in overall profit was attributed to an increase in administrative and other operating expenses, which rose to approximately HK$96.7 million, a 9.3% increase, reflecting higher development costs for production lines. The company also reported a decrease in other income and net gains, primarily from reduced gains on disposal of subsidiaries and government grants. The board did not recommend an interim dividend.