Fujian Funeng net profit rises 12% on renewables boost

Fujian Funeng's net profit attributable to shareholders rose 12.48% to 1.34 billion yuan in the first half, with total profit increasing 20.86% to 2.01 billion yuan.

Growth was driven by favorable wind conditions boosting wind power generation and increased settlement from the Jinjiang gas-power replacement project. Operating revenue fell 4.44% to 6.37 billion yuan.