Summary by Futu AI
China Power Holdings announced its 2023 full-year results, with operating profit rebounding significantly to HK$12,252 million, a significant increase from 2022. The Group has benefited from stable contributions from its core business in Hong Kong and the Mainland of China, as well as significant improvements in its overseas business. The change in fair value was reversed from losses in 2022 to gains in 2023, with total profit rebounding strongly to HK$6,655 million from HK$924 million a year earlier. Although the consolidated income decreased by 13.4%, the total dividend remained at HK$3.10 per share, the same as in 2022. The Board of Directors has declared a fourth interim dividend of HK$1.21 per share for 2023 and is planned to be distributed on 21 March 2024. In addition, the company will hold its 26th Annual General Meeting on May 3, 2024.