State Grid Corporation of China expects to achieve a net profit of 300-360 million yuan by 2025 to return to profitability.

The announcement of State Grid Energy stated that from January 1 to December 31, 2025, the company expects a net profit attributable to the shareholders of the listed company to be between 300 million yuan and 360 million yuan, turning around from a loss of 58.1258 million yuan in the same period of the previous year. After deducting non-recurring items, the net profit is expected to be between 307 million yuan and 367 million yuan, compared to a loss of 105 million yuan in the same period of the previous year. The basic earnings per share are expected to be between 0.0792 yuan/share and 0.0950 yuan/share, compared to a loss of 0.0153 yuan/share in the same period of the previous year. The main reason for the turnaround is the stable growth in energy-saving business income, significant achievements in the management of low-efficiency assets such as biomass, and a significant decrease in impairment losses compared to the previous year. Specific financial data is subject to the 2025 annual report.