Guangdong Shaoneng Group profit plunges 42% despite revenue growth

Guangdong Shaoneng Group reported a 42.43% decline in net profit to 95.9 million yuan despite operating revenue rising 6.95% to 2.33 billion yuan in the first half of 2025.

The profit drop was primarily driven by reduced hydropower income from lower rainfall and decreased non-recurring gains compared to the previous year.

Net assets attributable to shareholders decreased by 4.97%, while total assets grew by 1.80%.