Shenzhen Energy sees strong first-half performance, renewable energy investments

Shenzhen Energy Group reported a 6.77% increase in operating revenue to RMB 21.14 bn for the first half of 2025. Net profit attributable to shareholders was RMB 1.70 bn. The company saw new installed capacity of 1,585,400 kW, with natural gas power accounting for 1,167,900 kW, wind power 100,000 kW, photovoltaic 308,500 kW, and waste-to-energy 9,000 kW. Total installed capacity reached 25,314,400 kW.

Strategic investments include a RMB 495,764.51 thousand wind power project in Zhuolu County, and a RMB 850,337.46 thousand pumped-storage power station in Cen Tian, Guangdong. The company's financial arm, Shenzhen Energy Finance Co., Ltd., will provide performance and bid guarantees totaling RMB 20,000 thousand for Northern Holdings, RMB 43,000 thousand for Shenzhen Energy Power Sales Co., Ltd., RMB 3,500 thousand for Hebei Power Sales Co., Ltd., RMB 500 thousand for Xinjiang Power Sales Co., Ltd., and RMB 2,300 thousand for Dalian Environmental Protection Co., Ltd. Additionally, the Hong Kong subsidiary plans to engage in foreign exchange forward contracts up to $500 million to hedge currency risks.