CGN New Energy Holdings Reports February 2026 Power Generation Data

CGN New Energy Holdings Co., Ltd. (Stock code: 1811) has released its trading update for February 2026, providing both detailed operational data and strategic insights that may be of interest to investors and market watchers.

Key Highlights

• Total Power Generation for February 2026: The Group’s consolidated power generation reached 1,452.8 GWh in February 2026, a 1.7% decrease compared to February 2025.
• Year-to-Date (YTD) Performance: For the two months ended 28 February 2026, accumulated power generation was 3,100.6 GWh, reflecting a 3.2% increase compared with the same period in 2025.
• Segmental Analysis:
  • PRC Wind Projects: Power generation dropped by 3.7% year-on-year (YoY) to 769.6 GWh in February and by 3.3% for the YTD period.
  • PRC Solar Projects: Achieved significant growth, with a 21.7% YoY increase in February to 188.4 GWh, and an impressive 30.0% YTD increase to 410.4 GWh. This is attributed to a substantial capacity expansion.
  • PRC Gas-fired Projects: Saw a dramatic YoY increase of 1,200.0% YTD, from 0.8 GWh to 10.4 GWh, indicating new or resumed operations in this segment.
  • PRC Hydro Projects: Experienced a 11.6% YoY decline in February to 7.6 GWh, primarily due to significantly decreased water inflow at the Guangxi Zhuang Autonomous Region project. The YTD drop was 4.5%.
  • Korea Projects: Minor decline of 1.8% YoY in February to 487.2 GWh, but a robust 10.2% YTD increase to 1,024.5 GWh.
  • PRC Cogen Project: No generation in February 2026, compared to 19.5 GWh previously. YTD, this segment fell to zero from 48.5 GWh, a 100% decrease.

Detailed Operational Data

Important Notes and Potential Price Sensitive Information

• The substantial increase in solar and gas-fired generation capacity is a positive signal, reflecting successful expansion and possibly improved project execution. This could be viewed favorably by investors looking for growth and diversification.
• The drop in wind and hydro power generation may raise concerns, especially if these trends persist. The decline in hydro output was specifically attributed to lower water inflow, which may be weather or climate related.
• The complete cessation of cogen project output (now at zero) may require management explanation; it could reflect strategic reallocation, asset optimization, or other operational issues.
• Korea projects showed solid YTD growth, which may signal regional diversification benefits.
• The data is based on preliminary, unaudited internal management information and is meant for reference only. Investors are advised to interpret these figures with caution.
• The Board cautions shareholders and potential investors to exercise care when dealing in company securities, as the figures have not been audited and may be subject to future adjustment.

Management and Oversight

The announcement was authorized by the Board, which comprises six directors: one executive director (Mr. Hu Guangyao, Chairman), two non-executive directors (Mr. Zhao Xianwen and Ms. Mu Wenjun), and three independent non-executive directors (Mr. Wang Minhao, Mr. Yang Xiaosheng, and Mr. Leung Chi Ching Frederick).

Disclaimer: This article is based on unaudited preliminary management data published by CGN New Energy Holdings Co., Ltd. The information is intended for reference purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult professional advisors before making investment decisions. The company’s actual results may differ from preliminary figures due to subsequent review, audit, or other factors.

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