FilingReader Intelligence

Zhejiang Zheneng Electric's profit dips amidst tariff cuts

May 5, 2025 at 07:16 AM UTCBy FilingReader AI

** Zhejiang Zheneng Electric Power (SSE:600023) reported a dip in profits during a joint announcement of its 2024 annual performance and first-quarter 2025 results. The company's FY24 net profit attributable to shareholders was CNY 7.75 billion, a year-on-year increase. However, Q1 2025 net profit attributable to shareholders decreased by 40.81% to CNY 1.07 billion, attributed to the impact of lower electricity tariffs.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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