China Resources Power Holdings Co ( (CRPJF) ) has released its Q4 earnings. Here is a breakdown of the information China Resources Power Holdings Co presented to its investors.
China Resources Power Holdings Co, a major player in the energy sector, operates primarily in the generation and supply of electricity, with a focus on both thermal and renewable energy sources.
The company has reported a significant increase in its annual financial results for the year ending December 31, 2024, with a notable rise in net profit and earnings per share compared to the previous year.
Key highlights from the report include a 30.8% increase in net profit, reaching HK$14,388 million, and a 29.7% rise in basic earnings per share to HK$2.97. The company’s renewable energy segment contributed significantly to its core profits, although there was a slight decline compared to the previous year. The company also announced a final dividend of HK$0.691 per share, bringing the total dividend for the year to HK$1.19 per share.
Looking ahead, China Resources Power Holdings Co plans to continue its focus on expanding its renewable energy capacity, aiming for a target of 10,000MW in new wind and photovoltaic projects by 2025. The company remains committed to its strategy of green and low-carbon transformation, aligning with national energy policies.
Overall, the company is positioned to maintain its growth trajectory, supported by its strategic focus on clean energy and technological innovation, as it aims to become a leading clean energy enterprise on the global stage.