CONCORD NE(00182) expects a profit attributable to equity holders of approximately 90 million to 110 million yuan for the first half of the year.

CONCORD NE (00182) announced that the Group expects to achieve a net profit attributable to equity holders of approximately 90 million to 110 million yuan in the first half of 2026, compared to a net profit of approximately 292 million yuan for the same period last year. The expected decline in profit is mainly due to a year-on-year decrease in electricity generation affected by the dual impact of grid absorption limitations and climate fluctuations, combined with the deepening of market-oriented transactions, resulting in a downward trend in the average composite electricity price, leading to reduced revenues and profits from the power generation business.