Recently, Shanghai Electric and Great Power have successively released their 2025 annual earnings forecasts. Shanghai Electric expects a significant year-on-year increase in net profit, while Great Power is projected to achieve a turnaround from losses to profitability.
Shanghai Electric: Net Profit Expected to Rise by 47%–76%
Shanghai Electric expects net profit attributable to shareholders of the parent company for fiscal year 2025 to reach RMB 1.10–1.32 billion, representing an increase of RMB 350–570 million compared with the previous year. This corresponds to a year-on-year growth of approximately 47%–76%.
Net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be RMB 200–240 million. Compared with a loss of RMB 620 million in the same period last year, this figure is expected to turn positive.
Regarding the main drivers behind the earnings growth, Shanghai Electric stated that during the reporting period the company continued to focus on its core businesses and deepen operational efficiency. As a result, its core segments maintained steady growth, with both operating revenue and total profit increasing year on year.
Great Power: Expected to Return to Profitability in 2025
On January 21, Great Power announced that its performance for fiscal year 2025 is expected to turn profitable. Net profit attributable to shareholders of the listed company is forecast to be RMB 170–230 million, compared with a loss of RMB 252 million in the same period last year.
After excluding non-recurring gains and losses, net profit is expected to reach RMB 80–110 million, versus a loss of RMB 322 million a year earlier.
As for the reasons behind the performance improvement, Great Power noted that industry conditions improved during the reporting period. The company experienced strong production and sales momentum, with an increase in sales orders, which in turn drove growth in operating revenue.
Source：EnergyTrend