The Zhitong Finance App learned that Huadian International Power Co., Ltd. (01071) fell by more than 5%, down 5.88% at press time, to HK$4, with a turnover of HK$13.81 million.

According to the news, the company announced annual results for the year ended December 31, 2023. The group obtained a turnover of RMB 116.376 billion (same unit), an increase of 9.83% over the previous year; profit attributable to the company's equity holders was RMB 4.601 billion, and a loss of RMB 14.322 million for the same period last year; basic profit per share was 0.355 yuan, and a final dividend of 0.15 yuan per share was to be paid. In 2024, the Group expects to complete about 220 billion kilowatt-hours of power generation, which is basically the same as the previous year, and the utilization hours of power generation equipment are expected to remain basically stable. According to the actual progress of various projects, the Group plans to invest about 9.7 billion yuan in 2024 for power supply project construction, environmental protection and energy saving technology transformation, and equity investment.

In addition, the company plans to raise impairment provisions of 537.8 million yuan in 2023, including 528 million yuan in asset impairment provisions and 9.6407 million yuan in credit impairment provisions. Considering credit impairment preparations and inventory price reduction preparations, the calculation of impairment preparations affected the company's total consolidated profit in 2023 by 305 million yuan, and net profit attributable to the parent company decreased by 134 million yuan.