Jointo Energy: profit soars 231% despite dip in sales volume

Jointo Energy Investment Hebei expects a remarkable 231.75% year-on-year increase in net profit attributable to shareholders, reaching approximately 1.583 bn yuan for the first three quarters of 2025. This surge is primarily attributed to a drop in coal market prices, leading to reduced power business costs and increased profitability for the company's controlled and associate thermal power plants.

Despite the significant profit growth, the company reported a decrease in sales volume for the same period. For the third quarter of 2025, electricity generation fell by 3.04% to 14.461 billion kWh, with grid-connected power decreasing by 3.16% to 13.367 billion kWh. For the first three quarters of 2025, cumulative electricity generation decreased by 3.43% to 39.034 billion kWh, and cumulative grid-connected power fell by 3.39% to 36.203 billion kWh.

Heat supply also saw a mixed performance. While the third quarter of 2025 experienced a 19.58% increase in heat supply to 1.5126 million GJ, all for industrial use, the cumulative heat supply for the first three quarters of 2025 decreased by 1.55% to 43.4074 million GJ. This unaudited preliminary forecast is based on the company's internal calculations.