Puxing Energy Limited Issues Profit Warning: Significant Drop in 2025 Earnings Expected
Key Highlights from the Announcement
- Puxing Energy Limited (Stock Code: 90) has issued a profit warning for the financial year ended 31 December 2025.
- The Board expects profit attributable to owners for 2025 to fall sharply, ranging between RMB33 million and RMB39 million, compared to RMB59.9 million in 2024.
- This represents a substantial year-on-year decrease of approximately 34.89% to 44.91%.
- The main reason for the profit decline is the disposal of a 51% equity interest in Zhejiang Puxing Deneng Natural Gas Power Co., Ltd. and its subsidiary Quzhou Puxing Gas Turbine Thermal Power Co., Ltd., completed in 2025.
Details and Analysis for Investors
Puxing Energy Limited, a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has issued a profit warning as required under the relevant Listing Rules and the Securities and Futures Ordinance. Based on preliminary unaudited management accounts, the Board anticipates a significant drop in profitability for the year ended 31 December 2025.
The expected profit reduction is mainly attributable to the Group’s disposal of a significant equity interest (51%) in two key subsidiaries within the natural gas power generation sector. This strategic divestment, while possibly beneficial for streamlining operations or raising capital, has resulted in a lower consolidated profit for the Group.
Financial Impact:
- 2025 profit attributable to owners: RMB33 million to RMB39 million
- 2024 profit attributable to owners: RMB59.9 million
- Year-on-year profit decrease: 34.89% to 44.91%
Important Points for Shareholders
- This profit warning is considered inside information and is price-sensitive. The expected decrease in earnings could impact the share price negatively.
- The financial information disclosed is based on preliminary unaudited management accounts and has not yet been reviewed by the audit committee or audited by the independent auditors. Actual results may differ after final adjustments.
- The Group’s audited annual results for 2025 are expected to be published by the end of March 2026.
- Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company pending the release of the final results.
Company Leadership and Announcement Date
- Chairman: Guan Dayuan
- Board composition: 3 executive directors and 3 independent non-executive directors
- Announcement date: 11 March 2026
Disclaimer: The information in this article is based on the preliminary profit warning issued by Puxing Energy Limited and is intended for informational purposes only. It may contain forward-looking statements and unaudited figures subject to change. Investors are advised to consider the risks and exercise caution when making investment decisions. This article does not constitute investment advice.
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