Shenzhen Energy Group's Q1 profit jumps 22.31%

Shenzhen Energy Group (SZSE:000027) announced a strong start to 2025, with first-quarter revenue reaching CNY 9,780,396,044.05, a 1.78% increase year-over-year. Net profit attributable to shareholders rose by 22.31% to CNY 1,351,602,009.94. The growth was fueled by a 55.38% increase in net cash flow from operating activities, reaching CNY 3,387,894,559.61. Basic and diluted earnings per share both increased by 29.07% to CNY 0.2677. The company attributed the improved performance to increased electricity sales from wind and solar power, as well as greater waste treatment volume handled by its environmental protection segment. Total assets at the end of the quarter stood at CNY 172,434,874,374.85, a 6.86% increase from the previous year-end.