Puxing Energy Profits Fall but Balance Sheet Strengthens and Dividend Rises in 2025

The latest update is out from Puxing Energy Ltd. ( (HK:0090) ).

Puxing Energy reported a sharp decline in its 2025 financial performance, with revenue falling 31.05% year-on-year to RMB368.23 million and net profit attributable to shareholders dropping 36% to RMB38.34 million, reflecting weaker operating conditions and lower electricity sales. Despite the earnings pressure, the company strengthened its balance sheet by slashing net debt by over 84%, reducing its gearing ratio from 45.05% to 11.05%, and proposing a significantly higher final dividend per share, suggesting management’s confidence in its financial resilience and commitment to shareholder returns.

Total assets decreased 23.32% to RMB1.47 billion, but equity attributable to shareholders edged up 3.54% to RMB907.26 million, lifting net asset value per share to RMB1.98, which indicates improved capital strength even amid lower profits. Operating expenses, including fuel, depreciation, and maintenance, were reduced versus the prior year, partly offsetting revenue pressure and supporting operating profit of RMB76.24 million, as the group continues to focus on cost control and deleveraging to navigate a more challenging power market environment.

The most recent analyst rating on (HK:0090) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Puxing Energy Ltd. stock, see the HK:0090 Stock Forecast page.

More about Puxing Energy Ltd.

Puxing Energy Limited is a Cayman Islands-incorporated company listed in Hong Kong that operates in the energy sector. The group focuses on power generation in mainland China, deriving revenue primarily from the sale of electricity, with fuel consumption, depreciation and maintenance forming its key operating cost components.

Average Trading Volume: 210,736

Technical Sentiment Signal: Sell

Current Market Cap: HK$394.4M

See more data about 0090 stock on TipRanks’ Stock Analysis page.