China New Energy (01156) issues profit warning with expected annual after-tax net loss of approximately 20 to 30 million Yuan, a decrease of about 66.3% to 49.4% year on year.

18:15 29/03/2026

CHINANEWENERGY (01156) announced that the estimated post-tax net loss of the Group for the year ending December 31, 2025 is expected to be approximately RMB 20 million to RMB 30 million, compared to the post-tax net loss of RMB 59.29 million for the year ending December 31, 2024, representing a decrease of approximately 66.3% to 49.4%.

CHINANEWENERGY (01156) announced that the group is expected to incur a net loss after tax of approximately RMB 20 million to RMB 30 million for the year ending December 31, 2025. This represents a decrease of about 66.3% to 49.4% compared to the net loss after tax of RMB 59.29 million for the year ending December 31, 2024. The decrease in net loss for the year is mainly due to a reduction in impairment losses under the expected credit loss model by the group.

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