China Resources Power Announced 2015 Annual Results
2016-03-24,China Resources Power

On 21 March, China Resources Power announced its financial results for the year ended 31 December 2015.

China Resources Power recorded revenue of HK$71,436 million, representing an increase of 1.1%. Net profit was HK$10,025 million, representing an increase of 8.8%. Basic earnings per share increased 8.2% to HK$2.10. The Board resolved to recommend a final dividend of HK$0.75 per share.

In 2015, the Group commissioned five coal-fired generation units with a total attributable operational generation capacity of 3,360MW. Moreover, newly added total attributable operational generation capacity in wind-farms and photovoltaic power projects were 681 MW and 20 MW, respectively. The average full-load equivalent utilisation hours of the subsidiary coal-fired power plants under the Group which were operational for the full year of 2015 reached 4,989 hours, exceeding the national average level for coal-fired power plants by 660 hours. . The average full-load equivalent utilisation hours of our wind farms which were operational reached 1,988 hours, exceeding the national average level for wind power generation units by 260 hours. The total net generation volume of the Group’s consolidated operating power plants and wind farms amounted to 142,906,824MWh, representing an increase of 8.2% as compared to 2014.

In the future, China Resources Power will be optimizing its business blueprint based on the government policies for energy to maximise the return to stakeholders. The Group will continue to increase our investment in renewable energy projects, including the development and construction of wind farms, photovoltaic power projects and hydro-electric projects. The Group will increase proportion of clean energy, promote development of coal-fired power generation, speed up upgrading of ultra-low emission facilities, to fulfil its responsibilities in environmental protection.