Jingneng Power forecasts profits to more than double

Beijing Jingneng Power forecasts net profit of 1.83-2.11 billion yuan for the first half of 2025, up 100-131% year-on-year.

Total power generation fell 5.41% to 43.9 billion kWh, but new energy generation surged 344% to 2.4 billion kWh. The company attributed improved performance to market expansion, higher profitability in new energy, increased electricity prices and reduced coal costs.