Fuling Electric Power addresses profit decline, outlines growth strategy

Chongqing Fuling Electric Power Industrial Co., Ltd. (Fuling Electric Power) reported a 29.58% year-on-year decline in Q3 2025 net profit, primarily due to the expiration of operational periods for some power distribution network energy-saving projects and slowing new project growth. Despite this, the company stated its financial condition remains stable with healthy solvency, asset quality, and operational efficiency.

Fuling Electric Power plans to mitigate the profit decline by optimizing grid operations and refining power distribution network energy-saving businesses. The company aims to expand market presence, accelerate project implementation, and explore new business formats to enhance asset quality and operational efficiency. Its core business relies on grid operations for stability and power distribution network energy-saving for growth.

The company plans to complete RMB 365 million in fixed asset investments for 2025, primarily for grid construction, renovation, and power distribution network energy-saving projects. Fuling Electric Power projects approximately RMB 2.995 billion in operating revenue for 2025. The company also confirmed a partnership with Anhui Zongneng to advance 16 municipal power distribution network projects.