Linyang Energy proposes cash dividend, reports Q3 revenue and profit decline

Jiangsu Linyang Energy Co., Ltd. announced a profit distribution plan for the first three quarters of 2025, proposing a cash dividend of CNY 0.088 per 10 shares (tax inclusive). The distribution will be based on the total share capital, excluding 18,949,000 shares held in the company's dedicated repurchase account, totaling CNY 179,627,373.73 (tax inclusive), representing 50.04% of the consolidated net profit attributable to shareholders for the period.

For the first three quarters of 2025, the company reported total operating revenue of CNY 3.67bn and a net profit attributable to shareholders of CNY 358.9m. Basic earnings per share were CNY 0.18. These figures indicate a decline in revenue and profit compared to the previous year, primarily due to decreased sales and power generation from its power stations and energy storage businesses.

The company's renewable energy power station operations generated 118,551.93m kWh across various regions from January to September 2025, with an average on-grid electricity price varying by region, ranging from CNY 0.15 to CNY 0.96 per kWh (tax inclusive). Changes in average on-grid electricity prices were mainly attributed to a shift in subsidy recognition and market-based transaction rules.