REG - China Yangtze Power - Preliminary for the First Half 2021

China Yangtze Power CoAnnouncement

15/07/2021 09:30

RNS Number : 3568F
  
China Yangtze Power Co. Ltd.
  
15 July 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 for the First Half 2021
The board of directors and all directors of China Yangtze Power Co., Ltd. (the "Company") warrant that there are no false representations and misleading statements contained in, or material omissions from, this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.
The main financial data for the first half 2021 contained in this Announcement are preliminary accounting data and have not been audited by the accounting firm. The specific data are subject to the data disclosed in the Company's 2021 Semi-Annual Report. Thus, investors are advised to pay attention to investment risks.
I. Main Financial Data and Indicators for the First Half 2021
                                             Unit: RMB 100 million




Items


January - June 2021


January - June 2020


Amount of increase or decrease (%)





Total operating revenue


 198.92 


 199.13 


-0.10 




Operating profit


 100.63 


 97.47 


3.24 




Total profit


 100.12 


 95.09 


5.30 




Net profit attributable to shareholders of the Listed Company


 83.94 


 79.03 


6.22 




Net profit attributable to shareholders of the Listed Company net of non-recurring profits and losses


 69.38 


 79.93 


-13.21 




Basic earnings per share (RMB)


 0.3691 


 0.3592 


2.76 




Weighted average return on equity


4.84%


5.25%


Decrease by 0.41 percentage point








30 June 2021


31 December 2020


Amount of increase or decrease




Total assets


 3,310.54 


 3,308.27 


0.07




Owners' equity attributable to shareholders of the Listed Company


 1,643.13 


 1,721.18 


-4.53 




Equity (100 million shares)


 227.42 


 227.42 


0.00 




Net assets per share attributable to shareholders of the Listed Company (RMB)


 7.23 


 7.57 


-4.53 



II. Statement of Operating Performance and Financial Position
From January to June 2021, the Company achieved a total profit of RMB 10,012 million, up 5.30% over the same period of the previous year; and the net profit attributable to shareholders of the Listed Company was RMB 8,394 million, up 6.22% over the same period of the previous year. The increase in results was mainly due to the contribution from Peruvian company as a result of the change in the scope of consolidation and the increase in investment income due to the improved operating performance of the units in which the Company invested. 
Note: The increase in basic earnings per share was lower than the increase in net profit attributable to shareholders of the Listed Company because the weighted average number of common shares for the period was different from the same period of the previous year due to the issuance of GDRs by the Company in the second half of 2020. 
The Board of Directors of China Yangtze Power Co., Ltd.
15 July 2021

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