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| Wednesday, 15 August 2012, 21:00 HKT | |
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Source: China Power International | |
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Hong Kong, Aug 15, 2012 - (ACN Newswire) - The board of directors (the "Board") of China Power International Development Limited ("China Power" or the "Company", HK:2380) is pleased to announce the unaudited operating results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2012.
For the six months ended 30 June 2012, the aggregate gross power generation of the Group reached 27,013,695 MWh, representing an increase of 4.24% as compared with the corresponding period last year; the Company's revenue amounted to approximately RMB 9,101,377,000 representing an increase of approximately 11.22% as compared with the revenue for the corresponding period last year.
The profit attributable to equity holders of the Company is approximately RMB547, 796,000, representing an increase of approximately 33.12% as compared with the profit for the corresponding period last year. The basic earnings per share is approximately RMB 0.11, representing an increase of approximately RMB 0.03 as compared with the basic earnings per share of RMB0.08for the corresponding period last year.
To review the result of the first half of 2012, Ms. Li Xiaolin, the Chairman of the Company, said "China Power has achieved a satisfactory growth during the first half of 2012, although the PRC economy is experiencing a slowdown, the group is benefited from the upward tariff adjustment, the significant increase in hydropower generation and the effective control of fuel cost."
Looking forward, Ms. Li Xiaolin emphasized that China Power will strives to achieve an objective of "increasing the overall profit" by staying focus on all aspects of business management in responding the changes of both international and domestic economic conditions as well as the complicated and changing market environment.
About China Power International
The shares of the Company have been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 15 October 2004. The Company is the flagship company of China Power Investment Corporation (one of the five national power generation groups in China) and its principal business is to develop, construct, manage and operate power plants in China. The Company has 100% or controlling interest in its six large-capacity coal-fired power plants under commercial operation and 50% equity interest in the associated company, Changshu Power Plant. The Company also owns a 63% controlling interest in Wuling Power Corporation, which is one of the leading hydropower companies in China. In addition, the Company owns a 18.86% stake in Shanghai Electric Power Co., Ltd., which is listed on the Shanghai Stock Exchange. Currently, the Company has an attributable installed capacity of approximately 11,585 MW, among which the hydropower installed capacity is approximately 2,528MW and hence the Company has the highest percentage of hydropower capacity among the overseas listed Chinese independent power producers. For more information, please visit www.chinapower.hk.
Contact:
China Power International Development Limited
Investor Relations
Mr. Shou Rufeng / Miss Zhao Huan
Tel: +852-2802-3861 Fax: +852-2802-3922
E-mail: rfshou@chinapower.hk / hzhao@chinapower.hk
Wonderful Sky Financial Group
Miss Linda Wong / Miss Gigi Chan / Miss Destiny Cheng
Tel: +852-2851-1038 Fax: +852-2865-1638
E-mail: lindawong@wsfg.hk / gigichan@wsfg.hk / destinycheng@wsfg.hk
Aug 15, 2012
Source: China Power International
Topic: Earnings
Sectors: Financial General
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2013 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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