Central New Energy revenue jumps 59.9% on strong renewable performance

Central New Energy Holding Group Limited reported a 59.9% increase in total revenue to HK$4,048.9 million for the six months ended 30 June 2025, up from HK$2,531.9 million in the previous period. This growth was primarily fueled by the new energy and EPC segment, which saw revenue jump to HK$3,310.6 million from HK$1,681.4 million, following the completion of high-efficiency N-type battery and PV component production projects. The health and wellness segment also contributed, with revenue rising to HK$691.8 million from HK$399.7 million, attributed to strong green food product sales.

Despite increased administrative and operating expenses due to expanded production lines, the Group posted a gross profit of HK$86.4 million, a 100.1% increase, with the gross profit margin rising from 1.7% to 2.1%. However, net profit for the period decreased to HK$50.0 million from HK$60.1 million, mainly due to the aforementioned expenses. Income tax expense significantly dropped to HK$1.1 million, benefiting from tax rebates and incentives.

The Group's financial position shows total assets of HK$6,027.8 million as of 30 June 2025. Cash and bank balances stood at HK$129.0 million. The gearing ratio improved to 92.1% from 128.6% at the end of 2024, reflecting a healthier capital structure. The company is actively pursuing new green energy opportunities and planning further expansion with a new 6GW PV battery and 5GW PV component project in Ningxia City.