Summary by Futu AI
China Power (02380.HK) released its interim report for 2024, showing that for the six months ended June 30, 2024, the company's attributable profit to ordinary shareholders reached RMB 2,569,879,000, an increase of 53.01% compared to the same period in 2023. Basic earnings per share were RMB 0.21, an increase of 66.72% year-on-year. During this period, total electricity sales also increased, with wind and photovoltaic power generation sales volumes increasing by 57.54% and 96.67% respectively. The consolidated installed capacity was 48,327.8 megawatts, a net increase of 15,386.6 megawatts or 46.71% year-on-year. The consolidated installed capacity of clean energy was 37,247.8 megawatts, accounting for approximately 77.07% of the total installed capacity, an increase of approximately 10.71 percentage points compared to the same period last year. The company actively develops clean energy and emerging energy business, and completed multiple important projects in the first half of 2024. In addition, the company declared a special dividend of RMB 0.05 per ordinary share to celebrate its 20th anniversary of listing and reward its shareholders. The interim report will be sent to shareholders by September 23, 2024 or earlier.