The decline was attributed to lower power generation. Concord New Energy Group Limited expects unaudited profit attributable to equity holders for the six months ended 30 June 2026 to fall by about 66% to 69% year-on-year, to between $17.08m (RMB90m) and $18.98m (RMB100m) from approximately $55.4m (RMB292m) a year earlier. The decline was attributed to lower power generation, citing constraints on grid absorption and climate-related fluctuations. Concord New Energy said it expects to publish its interim results in August 2026. The group is headquartered in Singapore and operates wind power, solar energy, and energy storage projects, as well as AI-powered electricity infrastructure.