CONCORD NE (00182) speeds up globalization layout in 2025, cash flow increases, and cost reduction and efficiency improvement results are significant.

CONCORD NE(00182) announced its performance in 2025, with revenue of approximately 2.544 billion yuan, gross profit of approximately 1.039 billion yuan, net profit attributable to shareholders of approximately 140 million yuan, basic earnings per share of 1.78 cents, and final dividend of 0.3 Hong Kong cents per share. The installed capacity of the group's equity in the year maintained growth, measures to optimize business, positions, and personnel showed initial results, and management expenses and financing costs were further reduced, leading to an increase in net cash flows from operating activities. In 2025, the group made significant progress in international business development. During the year, a total of 502MW projects signed grid connection agreements and long-term power purchase agreements. Among them, three photovoltaic projects in the United States signed long-term power purchase agreements with leading global technology companies to supply power to their data centers, with a total capacity of 469MW; Three photovoltaic projects in South Korea, New Zealand, and Singapore also signed new power purchase agreements, totaling 33MW. The above projects locked in long-term electricity prices through power purchase agreements, avoiding market fluctuations and having a strong profit certainty. In the Chinese region, the group focused on the implementation of preconditions for project commencement in 2025, accelerating the transformation of development achievements. During the reporting period, a total of 360MW projects achieved early transformation of achievements. In 2025, the total construction scale of the group was 2,011MW. The newly commissioned projects had an equity installed capacity of 391MW, with 340MW of wind power and 51MW of photovoltaic power, and an equity installed capacity of 78MW for completed and commissioned projects. In 2025, the group completed green electricity transactions totaling 1.253 billion kilowatt-hours, a year-on-year increase of 54.5%; The total amount of new green certificate sales contracts for the year was 38.8 million yuan, including long-term green certificate sales agreements with several globally renowned enterprises to effectively lock in future green certificate revenues. As of December 31, 2025, the group held an equity installed capacity of 4,928MW (2024: 4,615MW) for wind and photovoltaic power plants. Of this, wind power had an equity installed capacity of 4,044MW, and photovoltaic power plants had an equity installed capacity of 884MW. The group's fair price project installed capacity was 3,530MW, accounting for 71.6% of the equity installed capacity. According to the announcement, advancing business globalization is an important strategic choice for the group to respond to the profound changes in the current Shanxi Guoxin Energy Corporation industry. After years of continuous layout, the group's project development in international mature markets has achieved significant results with sufficient project reserves and good profit certainty, enabling the continuous expansion of its global business. In 2025, the group completed the approval for a secondary listing on the Singapore Exchange Mainboard and officially listed on January 6, 2026, which is more conducive to the advancement of the group's global business.