GCL Energy Technology (002015): First Half Net Profit Decreased By 22.30% Year On Year

GCL energy technology (002015) released the semi annual report of 2022 on the evening of August 11. The company realized 5.03 billion yuan of operating revenue in the first half of 2022, a decrease of 17.19% compared with the same period of last year; The total profit was 454 million yuan, a decrease of 45.88% over the same period of last year; The net profit attributable to shareholders of listed companies was 387 million yuan, a decrease of 22.30% compared with the same period of last year.

Affected by the external environment such as the Russo Ukrainian war and repeated epidemic situation, the prices of fuel such as natural gas and coal remained high, and the electricity price did not keep pace with the change of fuel price. The power industry generally suffered from huge cost pressure, and its profitability declined significantly. The company's operating performance also declined compared with the same period last year.