CSG Energy expects a profit increase, with a projected net profit attributable to shareholders of 342 million yuan for the first three quarters, an increase of 125.08%
CSG Energy expects its net profit attributable to shareholders for the first three quarters of 2025 to be 342 million yuan, a year-on-year increase of 125.08%. The net profit after deducting non-recurring gains and losses is expected to be 344 million yuan, a year-on-year increase of 134.96%. The growth in performance is mainly attributed to the continuous growth of its main business, a significant reduction in credit impairment losses, and notable results in the management of low-efficiency biomass assets
According to the Zhitong Finance APP, CSG Energy (003035.SZ) disclosed its performance forecast for the first three quarters of 2025. The company expects a net profit attributable to shareholders of the listed company of 342 million yuan, a year-on-year increase of 125.08%; the net profit after deducting non-recurring gains and losses is expected to be 344 million yuan, a year-on-year increase of 134.96%.
For the first three quarters of 2025, the company expects a year-on-year increase of 125.08% in net profit attributable to shareholders of the listed company, mainly due to: first, the company's main business continues to make progress, with a stable foundation, and operating income increased by 15.37% year-on-year; second, credit impairment losses have significantly decreased year-on-year, mainly because a large impairment loss on receivables for biomass project subsidies was recognized in the same period last year; third, the comprehensive governance results of low-efficiency biomass assets are significant, among which Yangshan Nandian Company has been designated by the court as a bankruptcy administrator and is no longer included in the company's consolidated financial statements, resulting in a significant year-on-year decrease in income tax expenses
