GCL Nengke: Electricity Price Rise Helps Company's First Half Performance Rise by 174.12%

2023-07-12 09:05:39

It is estimated that the net profit deducted from non-profits will be 250-320 million yuan, an increase of 114.15% -174.12% over the same period last year.

On July 10, GCL Nengke released the 2023 semi-annual performance pre-increase announcement. The company is expected to achieve a net profit of 750-950 million yuan, an increase of 93.68% -145.33% over the previous year. It is expected to achieve a net profit of 250-320 million yuan, an increase of 114.15% -174.12% over the previous year; It is expected to achieve basic earnings per share of 0.4637-0.5873 yuan per share, compared with 0.2603 yuan per share in the same period last year.

As for the reasons for the significant increase in operating results, GCL Nengke believes that the main reasons are as follows:

1. The Company actively responded to the national dual-carbon strategy and strengthened the development and operation of renewable projects such as wind power, resulting in a significant increase in wind power revenue and profit during the reporting period.

2. Continuously carry out energy-saving transformation and operation optimization of generating units. During the reporting period, the energy consumption of the company's generating units decreased and the electricity price increased, and the profitability of cogeneration units increased.

3. With the support of the national green low-carbon financial policy, the Company achieved remarkable results in adjusting the financing structure and channels and reducing financing costs. During the reporting period, the financial costs decreased year-on-year and the performance improved.

4. During the reporting period, it is estimated that the impact of non-recurring gains and losses on net profit will be approximately RMB550 million, which is mainly due to the Company's optimization of asset structure and the acquisition of gains on disposal of equity and liquidation of creditor's rights.

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Correlation

It is estimated that the net profit deducted from non-profits will be 250-320 million yuan, an increase of 114.15% -174.12% over the same period last year.

2023-07-12 09:05:39

On October 28, Conch Cement released the third quarter report of 2026. In the first three quarters of 2026, the operating income was 56.222 billion yuan, a year-on-year decrease of 8.58%; the net profit attributable to parent company was 2.743 billion yuan, a year-on-year decrease of 56.89%; the net profit deducted from non-profits was 2.009 billion yuan, a year-on-year decrease of 66.50%.