JNCEC (00579) announces its interim performance, with a net profit attributable to equity holders of approximately 1.983 billion yuan, a decrease of 4.98% year-on-year.

JNCEC (00579) announced its mid-term performance in 2025, with revenue of approximately 10.8997 billion yuan, an increase of 2.91% year-on-year. The net profit attributable to equity holders of the company is approximately 1.983 billion yuan, a decrease of 4.98% year-on-year. Basic and diluted earnings per share are 24.05 cents. The operation of the internal combustion gas power generation sector is stable, with all indicators showing steady growth and demonstrating strong resilience. In the first half of the year, the gas power generation and heating sector completed a power generation of 9.72 billion kilowatt-hours, an increase of 2.3% year-on-year, with an equipment utilization hours of approximately 2,036 hours, an increase of 17 hours year-on-year, higher than the national average of 1,029 hours; contributing to operating income of 6.58 billion yuan, an increase of 2.0% year-on-year. The group effectively controlled the impact of electricity price fluctuations through measures such as deepening the dispatch of combined heat and power generation and expanding industrial steam users. Among them, Beijing Jingneng Gaoantun Gas Thermal Power Co., Ltd. saw a 2.8 billion kilowatt-hour increase in power generation, with an increase rate of 19%, significantly improving capacity utilization efficiency. Beijing Jingqiao Thermal Power Co., Ltd. saw a 0.6% decrease in comprehensive electricity consumption, demonstrating the effectiveness of refined management. Beijing Shangzhuang Gas Thermal Power Co., Ltd. relied on innovative business driving, with profits increasing by 26.9% year-on-year, providing a practical example for the transformation and upgrade of gas power plants. As of June 30, 2025, the total installed capacity of the group has steadily increased to 179.14 million kilowatts, an increase of 21.4% year-on-year, with non-fossil energy installed capacity reaching 131.39 million kilowatts, accounting for 73.3% of the total installed capacity, further optimizing the energy structure. Specifically, the wind power generation sector has an installed capacity of 70.48 million kilowatts, with an additional installed capacity of 190,000 kilowatts compared to the end of 2024; the photovoltaic sector has an installed capacity of 55.55 million kilowatts, with an additional installed capacity of 287,000 kilowatts. The group's under construction projects have an installed capacity of 20.56 million kilowatts, all of which are renewable energy projects. The group's total power generation in the first half of the year reached 21.87 billion kilowatt-hours, an increase of 8.8% year-on-year, with the wind power generation sector producing 8.49 billion kilowatt-hours, an increase of 18.9% year-on-year, with an equipment utilization hours of approximately 1,240 hours, higher than the national average by 153 hours; the photovoltaic sector generated 3.36 billion kilowatt-hours, an increase of 17.4% year-on-year, with an equipment utilization hours of approximately 680 hours, higher than the national average by 120 hours.