Brief: China Resources Power Recommend Final Dividend Of HK$0.376/Share

China Resources Power Holdings

22/03/2023 04:22

March 22 (Reuters) - China Resources Power Holdings Co
Ltd  0836.HK :
    * RECOMMEND A FINAL DIVIDEND OF HK$0.376 PER SHARE FOR 2022
    * FY PROFIT ATTRIBUTABLE  HK$7,042 MILLION, UP 229.4%
    * GRID CONNECTION TARGET FOR NEW WIND AND PHOTOVOLTAIC POWER
PROJECTS OF GROUP FOR 2023 IS EXPECTED TO BE 7,000MW
    * FY TURNOVER HK$103.31 BILLION VERSUS HK$90.41 BILLION
    * IN 2023, EXPECTS TO COMMISSION ATTRIBUTABLE CAPACITY OF
APPROXIMATELY 1,544.2MW OF THERMAL POWER GENERATION UNITS
    * GROUP WILL CONTINUE TO MAKE EVERY EFFORT TO ACCELERATE
DEVELOPMENT AND CONSTRUCTION OF WIND AND PHOTOVOLTAIC POWER
PROJECTS
    * CASH CAPITAL EXPENDITURE IN 2023 IS EXPECTED TO BE ABOUT
HK$45,000 MILLION
    * GRID CONNECTION TARGET FOR NEW WIND AND PHOTOVOLTAIC POWER
PROJECTS OF GROUP FOR 2023 IS EXPECTED TO BE 7,000MW
    * EXPECTED THAT MIX OF INSTALLED CAPACITY OF RENEWABLE
ENERGY WILL
EXCEED 50% BY END OF 2025
    * IN 14TH FIVE-YEAR PLAN PERIOD, GROUP AIMS TO INCREASE
INSTALLED
CAPACITY OF RENEWABLE ENERGY BY 40GW
    * OPTIMISED ORGANISATIONAL STRUCTURE, MOBILISING EMPLOYEES
TO
DEVELOP NEW WIND, PHOTOVOLTAIC POWER PROJECTS IN DOMESTIC TARGET
MARKET


Further company coverage:  0836.HK 

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