Puxing Energy (00090.HK): Market Attention and Performance Analysis Driven by New Energy Policies

Puxing Energy Co., Ltd. (00090.HK) focuses on power plant construction, operation, and management, with core businesses covering the renewable energy sector. It is a utility enterprise listed on the Hong Kong Stock Exchange [1]. Recently, the company has become a market hotspot due to factors such as new energy policy drivers, business expansion, and strategic investments [2].

• Revenue
  : Increased by 17.4% year-on-year to HK$244 million, with continuous expansion of business scale [5]
• Net Profit
  : Decreased by 67.2% year-on-year to HK$12.073 million, mainly due to intensified industry competition [5]
• Dividend Policy
  : No interim dividend will be distributed [5]

1. Strategic Investment
   : Subscribed to Series A preferred shares of HashKey Holdings Limited to expand into blockchain-related areas [2]
2. Policy Support
   : China’s installed capacity of wind and solar power exceeded coal power for the first time in 2025, and the new energy industry received strong policy support [6][7]

• Drivers
  : Increased policy support in new energy storage, photovoltaic, and other fields, active industry investment, and increased attention to transformation concept stocks [6][7]
• Challenges
  : The net profit decline reflects fierce industry competition; cost control and profitability improvement are key [3][4]

Puxing Energy’s revenue growth shows the effectiveness of business expansion, while the net profit decline exposes transformation pressure. Combined with favorable new energy policies and strategic investment layout, market sentiment is mixed, and attention should be paid to subsequent performance improvement and policy implementation [1][5][6]