Shunfeng International Clean Energy reports significant interim loss amid challenges

Shunfeng International Clean Energy Limited reported a net loss of RMB210,689,000 for the six months ended 30 June 2025, a slight decrease from RMB219,004,000 in the corresponding period of 2024. Revenue declined by 18.6% from RMB82,875,000 in 2024 to RMB67,485,000 in 2025, primarily due to a 19.3% reduction in power generation volume. Gross profit fell by 44.3% to RMB13,226,000.

The Group faced significant financial strain, with net current liabilities of RMB2,713,220,000 and total net liabilities of RMB2,119,261,000 as of June 30, 2025. Overdue bank and other borrowings, and bonds payable, totaled approximately RMB995,423,000 and RMB585,372,000 respectively. This includes ongoing litigation and freezing orders related to corporate bonds and other borrowings.

The company is actively negotiating with creditors for alternative refinancing and extensions to address its liquidity issues. Despite the challenges, the Group plans to focus on its solar power businesses in the PRC and explore further disposals of solar power plants to strengthen its financial stability.