Southern Grid Energy Storage reports strong Q3 2025 growth, boosted by hydropower

Southern Grid Energy Storage Co., Ltd. announced a robust performance for the first three quarters of 2025, with preliminary data indicating a substantial increase in financial results. The company's total operating revenue reached RMB 531,983.09 million, marking a 17.72% year-on-year increase. Net profit attributable to shareholders surged by 37.13% to RMB 143,327.28 million, primarily driven by increased water inflow at its peak-shaving hydropower plants, leading to higher electricity generation.

The company's operating profit grew by 33.97% to RMB 219,617.26 million, and total profit increased by 34.26% to RMB 219,534.63 million. Basic earnings per share rose by 36.36% to RMB 0.45, while the weighted average return on net assets increased by 1.60 percentage points to 6.52%.

As of the end of the reporting period, total assets stood at RMB 5,620,193.96 million, an 11.36% increase from the beginning of the year. Net assets attributable to shareholders also saw a 5.04% rise, reaching RMB 2,242,098.78 million. Investors are reminded that these are preliminary figures, and the final audited data will be presented in the company's third-quarter report for 2025.