HK Stock Market Move | CHINA POWER(02380) climbs over 3% in the morning with a significant positive turnaround in the company's free cash flow over the past 25 years. The proportion of clean energy revenue has increased.

China Power (02380) rose by more than 3% in the morning session. As of the time of writing, it increased by 2.79% to HK$3.32, with a turnover of HK$47.8737 million. On the news front, China Power announced on March 23, 2025, that its performance for the year 2025 achieved revenue of approximately HK$49.029 billion, annual profit of approximately HK$5.918 billion, earnings per share of HK$0.24, and a final dividend of HK$0.168 per share (an increase of 3.7% compared to the previous year), with a dividend payout ratio increased to 70%. Operating cash flow reached HK$18.518 billion, a significant year-on-year increase of 74.35%. Coupled with prudent optimization of capital expenditure, free cash flow showed a strong rebound. As of December 31, 2025, the company had approximately HK$6.378 billion in cash and cash equivalents. In terms of revenue structure, the proportion of revenue from clean energy increased from 59.48% in the previous year to 64.51%. This includes wind power revenue of HK$12.651 billion (25.80%), solar power revenue of HK$9.8 billion (19.99%), and hydroelectric power revenue of HK$4.775 billion (9.74%). Thermal power revenue was HK$17.401 billion (35.49%), and benefited from a decline in coal prices and efficient procurement, with a profit increase of 45.76% year-on-year, providing important support for the company's cash flow. In addition, State Power Investment Corporation has designated China Power as a "comprehensive clean energy flagship listed company" and a "comprehensive clean energy industry platform", with strong support from the group. The company is accelerating the development of an integrated energy platform for water, fire, wind, and solar power.