China Longyuan Power Group Corp Class H ( (CLPXF) ) has released its Q1 earnings. Here is a breakdown of the information China Longyuan Power Group Corp Class H presented to its investors.
China Longyuan Power Group Corp, a leading player in the renewable energy sector, specializes in the development and operation of wind and solar power projects across China and internationally.
In its latest earnings report for the first quarter of 2025, China Longyuan Power Group Corp reported a decline in both revenue and net profit compared to the same period last year. The company faced a 19% decrease in revenue and a 22.07% drop in net profit attributable to shareholders.
Key financial metrics indicate that the company’s operating cash flow decreased by 24.84%, while total assets increased by 3.16% from the previous year-end. The decline in revenue was primarily due to the exclusion of two thermal power companies from the group’s consolidation scope, while the increase in depreciation and amortization from new energy projects also contributed to higher costs.
Despite these challenges, the company continues to expand its renewable energy capacity, with a reported increase in wind and solar power installations. The group’s total installed capacity reached 41,149.45 MW by the end of March 2025, with significant growth in solar power capacity.
Looking ahead, China Longyuan Power Group remains committed to its strategic focus on renewable energy development and aims to enhance its operational efficiency to drive future growth. The management remains optimistic about the long-term prospects of the renewable energy sector, despite short-term financial pressures.