China Datang Renewable reports mixed first-half results, profit dips despite revenue climb

China Datang Corporation Renewable Power Co. announced its unaudited operating results for the six months ended June 30, 2025, with revenue climbing 3.30% to RMB6,845 million compared to the corresponding period in 2024. Profit before tax also increased by 1.37% to RMB2,358 million. However, profit attributable to owners of the parent decreased by 4.37% to RMB1,688 million, resulting in basic and diluted earnings per share of RMB0.2046, down RMB0.0065 from the previous year.

As of June 30, 2025, the group’s consolidated installed capacity reached 19,068.60 MW, a 22.59% year-on-year increase, contributing to electricity generation of 18,875,826 MWh, up 10.22%. Despite the growth, operating expenses rose by 8.38% to RMB4,022.36 million, primarily due to increased depreciation from new operational projects.

The group’s net profit margin for the period decreased to 27.89% from 29.90% in 2024, attributed to a decrease in electricity prices and higher operating expenses. The company's net gearing ratio improved slightly to 63.31% from 63.83% at year-end 2024, mainly due to profit retention.