CR Power published its Interim Report for 2014 on August 18. As of June 30, the company realized a total turnover of HK$ 35.826 billion, a year-on-year increase of 10.76%; the profit attributable to owners of the company (net profit) was HK$ 6.064 billion, a year-on-year increase of 13.8%; and the earnings per share was HK$ 1.2754, a year-on-year increase of 13.3%. The Directors decided to declare and distribute an interim dividend of HK$ 0.08 per share.
In the first half of 2014, CR Power newly commissioned six new thermal power generating units totalling 2,900 MW and wind turbines totalling 328 MW. The total generating capacity of generate units to which the company is entitled to operate increased by 11.1% to 29,897 MW, on the basis of the capacity at the end of 2013. The total asset increased by 2.36% to HK$ 218.919 billion on the basis of that at the end of 2013.
Since the beginning of 2014, following its development strategy of “pursuing development while maintaining the stability", CR Power has been actively optimizing its industrial structure, adjusting its business strategy, address problems arising from the over-expected increase of the power consumption and making the best of the favorable condition including the low price of the coal for power generation, successfully maintaining sound profitability. In future, the company will, in reference to the tendency of the energy industry, further optimize the industrial structure and power supply structure, guarantee the minimum return to shareholders and other stakeholders, select and develop coal-fired power plant projects of high quality, increase its investment in clean energy and renewable resource industries, with the view of promoting the sustainable development of the company.
