CHINA RES POWER (00836) released its mid-term results, with a profit attributable to shareholders of HKD 6.649 billion, a decrease of 15.53% year-on-year.

CHINA RES POWER (00836) announced its mid-term results for 2026, reporting a revenue of HKD 54.977 billion, an increase of 9.37% year-on-year; the profit attributable to shareholders was HKD 6.649 billion, a decrease of 15.53% year-on-year; basic earnings per share were HKD 1.28, and an interim dividend of HKD 0.321 per share is proposed. As of the end of June 2026, the group's managed installed capacity connected to the grid was 105,700 MW, with a total installed capacity of subsidiaries connected to the grid amounting to 88,944 MW. Among this, the installed capacity for thermal power subsidiaries connected to the grid was 42,970 MW, accounting for 48.3%; while the combined installed capacity for wind, solar, and hydro power subsidiaries connected to the grid reached 45,974 MW, accounting for 51.7%, an increase of 0.9 percentage points compared to the end of 2025. As of the end of June 2026, the groups installed capacity for wind power subsidiaries connected to the grid was 29,495 MW, with a further 6,647 MW under construction. The installed capacity for solar power subsidiaries connected to the grid was 16,008 MW, with 5,830 MW under construction. In the first half of 2026, the group added 1,583 MW of installed capacity for new energy projects connected to the grid, including 808 MW from wind power projects and 775 MW from solar power projects. In the first half of 2026, the electricity sales from the subsidiaries were 120,436,401 MWh, an increase of 12.8% compared to 106,777,416 MWh in the first half of 2025. Among these, the sales from solar power stations and thermal power plants increased by 42.8% and 16.9% respectively compared to the first half of 2025; however, due to a decrease in wind speed, the electricity sales from wind power stations declined by 3.2% compared to the first half of 2025. In the first half of 2026, the average utilization hours of wind farms were 1,027 hours, a decrease of 241 hours or 19.0% compared to the first half of 2025, exceeding the national average utilization hours for wind turbines by 110 hours. The average utilization hours of solar power stations were 581 hours, a decrease of 95 hours or 14.1% compared to the first half of 2025, surpassing the national average utilization hours for solar power generation units by 54 hours. The average utilization hours for the same caliber subsidiary coal-fired power plants were 2,081 hours, an increase of 10 hours or 0.5% compared to the first half of 2025, exceeding the national average utilization hours for coal-fired units by 83 hours.