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Three Gorges Energy: Net profit of 3.67B yuan in 2025, down 39.94% year-on-year
Three Gorges Energy releases a quick earnings report, with total operating revenue of 28.4B yuan in 2025, down 4.43% year-on-year. Net profit is 3.67B yuan, down 39.94% year-on-year. Due to changes in absorption conditions in some regions and other factors, power generation was below expectations; affected by market conditions, the average grid-connected electricity price decreased year-on-year; based on prudence, the company increased impairment provisions for certain equity investments, fixed assets, goodwill, and other long-term assets compared to the previous year.