CHINA SUNTIEN (00956) releases its interim results, with a net profit attributable to equity holders of 1.412 billion yuan, a decrease of 1.23% year-on-year.
Xin Tian Green Energy (00956) announced its interim performance for the six-month period ended June 30, 2025, with the group achieving...
China Suntien (00956) announced its interim results for the six months ending June 30, 2025. The Group achieved a revenue of RMB 10.904 billion (same unit as below), a decrease of 10.16% year-on-year; net profit attributable to shareholders of the listed company was RMB 1.412 billion, a decrease of 1.23% year-on-year; basic earnings per share were RMB 0.34.
During the reporting period, the Group's controlling wind farms generated 8.065 billion kWh of electricity, an increase of 8.34% year-on-year; the average utilization hours of the controlling wind farms were 1,235 hours, an increase of 23 hours from the previous year, higher than the national average utilization hours of 1,148 hours announced by the CHINA POWER Enterprise Association. The main reason for the increase in average utilization hours was the increase in average wind speed; the average utilization rate of wind turbines was 97.62%, a decrease of 0.44 percentage points from the previous year. The wind abandonment rate was 16.85%, an increase of 9.04 percentage points year-on-year.
During the reporting period, the Group's total gas transmission/sales volume was 2.814 billion cubic meters, a decrease of 17.07% from the previous year, including a sales volume of 2.578 billion cubic meters, a decrease of 14.56% from the previous year. The main reasons were the high temperatures in the first quarter, a significant decrease in heating demand, and weak industrial demand. Retail gas sales volume was 0.907 billion cubic meters, a decrease of 14.36% from the previous year, mainly due to the high temperatures in the first quarter and a significant decrease in heating gas usage, as well as weak industrial demand. CNG sales volume was 0.27 billion cubic meters, a decrease of 33.74% from the previous year, mainly due to the shrinking CNG market. LNG sales volume was 498 million cubic meters, a decrease of 27.94% from the previous year, mainly due to the oversupply in the LNG market and low prices. The volume of gas transmitted on behalf of others was 0.236 billion cubic meters, a decrease of 37.17% from the previous year, mainly due to a decrease in heating gas demand.
As of June 30, 2025, the Group has operated a total of 9,944.68 kilometers of pipelines, 1 LNG receiving station, 5 CNG mother stations, 3 CNG sub-stations, 3 LNG filling stations, and 1 L-CNG joint station.
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