Huadian Power International Corp Class H ( (HPIFF) ) has released its Q4 earnings. Here is a breakdown of the information Huadian Power International Corp Class H presented to its investors.
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Huadian Power International Corporation Limited, a major energy company in China, focuses on constructing and operating power plants, including coal, gas-fired, and renewable energy projects. In its latest earnings report for 2024, Huadian Power International reported a slight decrease in power generation and turnover compared to the previous year, with a turnover of approximately RMB112,392 million and a profit attributable to equity holders of RMB5,670 million. The company also declared a proposed final dividend of RMB0.13 per share, subject to shareholder approval. Key financial metrics highlighted a decrease in turnover by 3.42% and a reduction in power generation by 0.52%. Despite these declines, the company saw an increase in operating profit due to lower fuel prices and reported a basic earnings per share of RMB0.459. The company also added new generating units, increasing its capacity by 1,508.84 MW, and has several projects under construction. Looking ahead, Huadian Power International plans to focus on enhancing core competitiveness and operational efficiency while navigating the challenges of the power market. The company aims to invest approximately RMB12 billion in 2025 to support its growth and development strategies, with a focus on green and low-carbon initiatives.