Zhejiang Zheneng Electric Power reports mixed Q3 2025 results

Zhejiang Zheneng Electric Power Co., Ltd. reported a 10.68% year-on-year decrease in operating revenue for the third quarter of 2025, totaling 23.34bn yuan. Net profit attributable to shareholders also saw a slight dip of 1.87% to 2.72bn yuan.

Diluted earnings per share decreased by 4.76% to 0.20 yuan, and weighted average return on net assets declined by 0.28 percentage points to 3.65%. These declines are primarily attributed to a lower electricity sales price compared to the same period last year, and reduced external sales revenue from Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. following consolidation.

Despite the fall in revenue and profit, the company experienced a robust 11.31% increase in net cash flow from operating activities, reaching 10.96bn yuan. Total assets rose by 3.29% to 159.18bn yuan, and equity attributable to shareholders grew by 2.36% to 75.07bn yuan. Significant increases were noted in prepayments for fuel (59.03%) and semi-annual dividends payable (139.95%). The company also increased its stake in Zhejiang Zheneng Carbon Asset Management Co., Ltd. to 55% in July 2025, making it a consolidated entity.