REG - China Yangtze Power - Announcement of Preliminary 2020 Annual Results

China Yangtze Power CoAnnouncement

27/01/2021 08:25

RNS Number : 0405N
  
China Yangtze Power Co. Ltd.
  
27 January 2021
  
 

China Yangtze Power Co., Ltd.
(a joint stock company established under the laws of the People's Republic of China with limited liability)
Announcement of Preliminary 2020 Annual Results 
The board of directors of China Yangtze Power Co., Ltd. (the "Company") is pleased to hereby announce preliminary key financial information of the Company for the year ended 31 December 2020.
 
Investors should note that the financial information set out in this announcement is preliminary and has not been audited. Final audited financial information for the year ended 31 December 2020 will be disclosed in the 2020 annual report and accounts of the Company to be published in due course. Accordingly, investors are advised to exercise caution when dealing in the A shares and global depository receipts representing A shares of the Company on the basis of the information in this announcement.
 
I. Key Financial Information
Unit: RMB in 100 million, unless otherwise indicated       







Year ended 31 December 2020


Year ended 31 December 2019


Change (%)




Total revenue


578.51 


498.74 


15.99




Operating profit


329.16 


269.33 


22.22




Total profit


324.79 


266.27 


21.98




Net profit attributable to shareholders of the listed company


263.15 


215.43 


22.15




Net profit attributable to shareholders of the listed company after deducting
non-recurring profit and loss


261.28


211.30 


23.65




Basic earnings per
share (RMB)


1.1862(1)


0.9792 


21.14




Weighted average return on net assets (%)


16.73


14.77


Increased by 1.96 percentage points



 
(1) Number of shares refers to the weighted average number of ordinary shares then issued in the       calculation of earnings per share for this reporting period.







As at 31 December 2020


As at 31 December 2019


Change (%)




Total assets


3,270.05 


2,964.83 


10.29




Equity attributable to shareholders of the listed company


1,719.66 


1,495.10 


15.02




Share capital (in 100 million shares)


227.42 


220.00 


3.37




Net assets per share attributable to shareholders of the listed company (RMB)


7.56 


6.80 


11.27



 
II. Analysis of the Operating Results and Financial Position
 
In 2020, the Company achieved total profit of RMB32.479 billion, representing an increase of RMB5.852 billion or 21.98% as compared to 2019. Net profit attributable to shareholders of the Company was RMB26.315 billion, representing an increase of RMB4.772 billion or 22.15% as compared to 2019. Basic earnings per share were RMB1.1862 in 2020, representing an increase of RMB0.2070 or 21.14% as compared to 2019. The changes in the foregoing are mainly due to increases in the Company's revenue from electricity sales and investment income in 2020.
 
 
The Board of Directors of China Yangtze Power Co., Ltd.
27 January 2021
 
 

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