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Performance | China Resources Power Earned 1% More Last Year, Dividend Increased to 77.1 Cents
China Resources Power (00836) announced its full-year results for the year ending last year, with a shareholder profit of RMB 14.519 billion, up 0.91% year-on-year. Basic earnings per share were RMB 2.8.
The final dividend was RMB 0.771 per share, an increase of 11.58% year-on-year; combined with the interim dividend of RMB 0.356, the total dividend for the year was RMB 1.127, with a payout ratio of 40.2%.
During the period, revenue was RMB 102.01 billion, a decrease of 3.11% year-on-year.
Looking ahead, China Resources Power stated that by 2026, the group plans to add 5,450 MW of wind and photovoltaic grid-connected capacity, continuously increasing the proportion of clean energy installations; actively promoting the transformation of coal power to supportive and regulating power sources; and plans to put into operation coal-fired units with a total capacity of 350 MW by 2026, including a cogeneration unit at the Yichang Power Plant Phase II in Hubei.
The group said that in 2026, its cash capital expenditure is expected to be about RMB 47.2 billion, of which about RMB 35 billion will be used for the construction of wind and photovoltaic power stations, about RMB 7.6 billion for thermal power unit construction, about RMB 1.9 billion for technical upgrades of existing power units, about RMB 300 million for the final payment for the Inner Mongolia coal power integration project, and about RMB 2.4 billion for the construction of integrated energy and other projects.