Crystal Energy recently reported an impressive 14 billion yuan in revenue for the first quarter of 2025, highlighting a significant challenge in the “no profit” sector. On May 15, 2025, at 18:07, the company released its financial results, showcasing a decrease in revenue of 40.03% year-on-year, with total revenue reaching 138.43 billion yuan. This marks a 40.03% decline compared to the previous year.
Crystal Energy issued its financial report on April 29, revealing that its first-quarter revenue fell to 138.43 billion yuan, down 40.03% from last year. The company’s net profit was 13.9 billion yuan, reflecting a staggering year-on-year decrease of 218.2%. This situation marks the first quarterly decline in the company’s history and is attributed to increasing production costs and price fluctuations under current policies.
By the end of 2024, Crystal Energy reported a debt ratio of 348 billion yuan, with a cash flow forecast showing a significant cash reserve of 72.72%. This is an increase of 0.73% compared to the end of 2024. The report indicated that annual revenue for the company was 924.71 billion yuan, which is a 22.08% drop compared to the previous year and breaks a five-year upward trend since 2019.
Despite these challenges, the company reported a profit margin of 0.99 billion yuan, an increase of 98.67%. Additionally, the average cost of production has increased to 9.32 billion yuan, marking a 113.50% rise since 2013, and reflecting the first substantial annual quality drop.
Looking ahead to 2025, the company expects to continue facing challenges, with quarterly revenue projected to reach 138.43 billion yuan, a 40.03% decrease compared to previous estimates. The anticipated profit for 2025 is expected to range between 13.90 billion and 18.66 billion yuan, marking a significant decline since 2013.
As of March 2024, Crystal Energy plans to launch multiple projects aimed at enhancing production capabilities by 56 GW over the next four years. The company has committed 560 billion yuan towards infrastructure improvements, including upgrades in battery production and solar energy solutions.
In conclusion, while Crystal Energy has experienced significant financial setbacks, the company’s commitment to infrastructure investment and production enhancement aims to stabilize its performance in the coming years.
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