China Resources Power (00836) announced its interim financial results, with a net profit attributable to shareholders of HK$7.872 billion, a decrease of 15.92% year-on-year.

CHINA RES POWER (00836) announced its mid-term performance for 2025. The group achieved a turnover of HK$50.267 billion, a decrease of 1.67% year-on-year. The group's attributable profit to owners was HK$7.872 billion, a decrease of 15.92% year-on-year. The basic earnings per share were HK$1.52. It is proposed to distribute an interim dividend of HK$0.356 per share. As of June 30, 2025, the group's installed capacity of managed and connected power was 88,931 megawatts, with an equity installed capacity of 78,094 megawatts. Among them, the equity installed capacity of thermal power generation was 39,139 megawatts, accounting for 50.1%; the combined installed capacity of wind power, photovoltaic, and hydroelectric power was 38,955 megawatts, accounting for 49.9%, an increase of 2.7 percentage points from the end of 2024. By the end of June 2025, the group's wind power equity installed capacity was 25,549 megawatts, with a managed capacity under construction of 8,679 megawatts; the photovoltaic equity installed capacity was 12,966 megawatts, with a managed capacity under construction of 6,515 megawatts. In the first half of 2025, the subsidiary power plants sold 1.02 billion megawatt-hours, an increase of 3.8% compared to the first half of 2024. The sales of wind farms, photovoltaic plants, and hydroelectric plants increased by 15.5%, 31.3%, and 50.9% respectively compared to the first half of 2024. In the first half of 2025, the country's total electricity consumption increased by 3.7% year-on-year, with a temporary slowdown in electricity demand. The growth in installations of new energy sources squeezed the space for thermal power generation, resulting in a 1.4% decrease in electricity sales from thermal power plants compared to the first half of 2024. The average utilization hours for wind farms was 1,268 hours, an increase of 45 hours or 3.7% compared to the first half of 2024, exceeding the national average by 181 hours. The average utilization hours for photovoltaic plants was 676 hours, a decrease of 29 hours or 4.1% compared to the first half of 2024, exceeding the national average by 116 hours. The average utilization hours for coal-fired power plants of the same size and capacity was 2,074 hours, a decrease of 81 hours or 3.8% compared to the first half of 2024, exceeding the national average by 106 hours. Due to the loose supply and demand of electricity and the decrease in fuel prices, the average on-grid electricity price for the group's subsidiary coal-fired power plants excluding taxes was RMB 391.2 per megawatt-hour, a decrease of 6.1% year-on-year. Due to the increase in the proportion of flat-rate projects and market-oriented electricity, the average on-grid electricity price for the group's subsidiary wind power plants excluding taxes was RMB 396.8 per megawatt-hour, a decrease of 11.0% year-on-year. The average on-grid electricity price for the group's subsidiary photovoltaic plants excluding taxes was RMB 304.9 per megawatt-hour, a decrease of 6.1% year-on-year.