NARI Energy Storage: Net profit is expected to increase by 47.98% - 53.31% in 2025.

Southern Power Grid Energy Storage announced that it is expected that the net profit attributable to the owners of the parent company in 2025 will be between 1.67 billion and 1.73 billion yuan, an increase of 47.98% - 53.31% compared to the previous year. The non-GAAP net profit is expected to be between 1.65 billion and 1.71 billion yuan, an increase of 42.68% - 47.87% year-on-year. The net profit for 2024 was 1.13 billion yuan. The increase in performance is mainly due to better water supply for peak power plants during the reporting period, leading to increases in electricity generation, sales revenue, and profits. The above figures are preliminary estimates, and the specific numbers will be based on the 2025 annual report.