CHINA RES POWER(00836)2025-04-28 11:23Financial Performance - For the fiscal year 2024, CR Power reported a turnover of HK103,334 million in 2023[11]. - The profit attributable to owners of the Company for 2024 was HK11,003 million in 2023[11]. - Basic earnings per share rose to HK2.29 in 2023, marking an increase of 29.5%[11]. - The total assets of CR Power increased to HK322,396 million in 2023, indicating a growth of 12.4%[11]. - The company's attributable equity increased to HK84,974 million in 2023, representing a growth of approximately 16.3%[20]. - The core profit contribution from the renewable energy business was HK0.691 per share for 2024, totaling HK$3,577 million, with a payout ratio of 40%[12]. Strategic Focus and Future Guidance - The company is focusing on integrated energy services, including distributed photovoltaic solutions, to diversify its energy offerings[33]. - The operational strategy includes increasing the share of renewable energy in the overall energy mix, aligning with global sustainability trends[26]. - Future guidance indicates a continued emphasis on capacity expansion and technological advancements in renewable energy sectors[27]. - The company aims to strengthen its core competitiveness and advance towards becoming a world-class clean energy supplier[60]. - CR Power plans to increase investment in strategic emerging industries to continuously advance the construction of a new energy system[85]. - The company will implement China's new energy security strategy with higher standards, driving the development of new productive forces through technological innovation[85]. - In 2025, CR Power aims to achieve breakthroughs in both scale and profitability, ensuring the successful completion of strategic objectives during the final year of the "14th Five-Year Plan"[84]. Governance and Leadership - Mr. Zhou Bo appointed as Non-executive Director and member of the Audit and Risk Committee in October 2023[105]. - Mr. Zhang Yingzhong appointed as Non-executive Director and member of the Nomination Committee in October 2023[110]. - Mr. Li Chuanji appointed as Non-executive Director and member of the Audit and Risk Committee in October 2024[114]. - Mr. Zeng Jun appointed as Non-executive Director and member of the Audit and Risk Committee in February 2025[119]. - Ms. Elsie Leung Oi-sie has been an Independent Non-executive Director since April 2010 and is the chairperson of the Remuneration Committee[124]. - The company has appointed independent non-executive directors with diverse backgrounds in finance, law, and public administration, enhancing its governance structure[146]. - The leadership team includes members with significant public service experience, which may positively influence the company's reputation and stakeholder relations[150]. Sustainability and Environmental Commitment - The Group is committed to environmental sustainability, focusing on resource conservation and the development of clean and renewable energy projects[199]. - The Group's development in promoting ESG initiatives is discussed in the Chairman's Statement on pages 20 to 26[200]. - The company emphasizes the importance of optimizing energy structures and reinforcing high-quality energy development to support steady economic growth[84]. - CR Power is committed to high-quality and high-level development, empowering green progress and fostering a low-carbon future[86]. Operational Strategy and Market Expansion - The company plans to expand its service areas across multiple provinces, including Guangdong, Fujian, and Hainan, enhancing its market presence[29]. - The company is focusing on expanding its wind and solar energy projects across various provinces, enhancing its renewable energy portfolio[36]. - The company maintains a diverse portfolio of renewable energy projects across several provinces, enhancing its market presence[50][52].