China Power International Development Limited announced its unaudited interim results for the six months ended June 30, 2024, with revenue reaching RMB 26,471,527,000, a year-on-year increase of 24.18%. The profit for the period was RMB 4,591,763,000, a year-on-year increase of 80.10%. The profit attributable to equity holders of the Group was RMB 2,802,197,000, a year-on-year increase of 51.50%. The profit attributable to ordinary shareholders was RMB 2,569,879,000, a year-on-year increase of 52.98%. The basic earnings per share was RMB 0.21. The total power generation and total electricity sales reached 66,842,047 megawatt-hours and 64,344,154 megawatt-hours, a year-on-year increase of 32.51% and 33.33% respectively. Clean energy generation became the main driver of profit growth, with wind power and photovoltaic power sector profits rising by 34.87% and...Show More

China Power International Development Limited announced its unaudited interim results for the six months ended June 30, 2024, with revenue reaching RMB 26,471,527,000, a year-on-year increase of 24.18%. The profit for the period was RMB 4,591,763,000, a year-on-year increase of 80.10%. The profit attributable to equity holders of the Group was RMB 2,802,197,000, a year-on-year increase of 51.50%. The profit attributable to ordinary shareholders was RMB 2,569,879,000, a year-on-year increase of 52.98%. The basic earnings per share was RMB 0.21. The total power generation and total electricity sales reached 66,842,047 megawatt-hours and 64,344,154 megawatt-hours, a year-on-year increase of 32.51% and 33.33% respectively. Clean energy generation became the main driver of profit growth, with wind power and photovoltaic power sector profits rising by 34.87% and 46.47% respectively. The hydropower sector turned losses into gains, with profits increasing by 621.90%. The profit of the thermal power sector increased by 97.23% year-on-year, mainly due to the decline in average coal procurement prices. The Company announced that no interim dividend will be distributed, but a special dividend of RMB 0.05 per share will be paid to celebrate the 20th anniversary of its listing. The Board of Directors believes that the company can continue to grow and has confidence in the future development of the company.