CHINA RES POWER (00836) announces annual performance, with a shareholder profit of HK$14.519 billion, representing a year-on-year increase of 0.9%.

CHINA RES POWER (00836) announced its annual performance for the year ending on December 31, 2025. The group achieved a revenue of HK$102.01 billion during the period, a decrease of 3.11% year-on-year. The net profit attributable to owners of the company was HK$14.519 billion, an increase of 0.9% year-on-year. The basic earnings per share were HK$2.8. The proposed final dividend is HK$0.771 per share. As of the end of 2025, the group's total installed capacity was 104,118 MW, with an equity installed capacity of 89,647 MW. Among them, the equity installed capacity from thermal power generation was 44,796 MW, accounting for 50.0%. The combined equity installed capacity from wind power, solar power, and hydropower projects was 44,851 MW, also accounting for 50.0%, an increase of 2.8 percentage points from the end of 2024. As of the end of 2025, the group's installed capacity from wind power was 29,076 MW, with 7,343 MW under construction; the installed capacity from solar power was 15,335 MW, with 6,132 MW under construction. The newly added renewable energy project capacity for the group in 2025 was 13,625 MW, including 6,638 MW from wind power and 6,987 MW from solar power (including 595 MW from distributed solar power). The group obtained renewable energy development construction indicators for 12,029 MW in 2025, including 7,016 MW from wind power and 5,013 MW from solar power (including 294 MW from distributed solar power). During the year, the group added a total of approximately 6,893 MW of coal-fired power projects, mainly including two 1,000 MW coal-fired units at the Shenshen Power Plant Phase II in Guangdong, in which the group has a 100% equity stake; two 1,000 MW coal-fired units at the Puqi Power Plant Phase III in Hubei, in which the group has a 100% equity stake; two 1,000 MW coal-fired units at the Wenzhou Power Plant Phase II in Zhejiang, in which the group has an 80% equity stake; a 660 MW coal-fired unit at the Yunfu Power Plant in Guangdong, in which the group has an 80% equity stake; and two 1,000 MW coal-fired units at the Hami Power Plant in Re... In 2025, the total electricity demand in the People's Republic of China increased year-on-year. The annual sales volume of electricity from the group's affiliated power plants was 226,790 GWh, an increase of 7.0% from 2024, with the sales volume from wind farms and solar power plants increasing by 16.4% and 55.5% respectively compared to 2024, while sales from affiliated thermal power plants increased by 1.3%. In 2025, the average utilization hours for the group's affiliated wind farms was 2,307 hours, a decrease of 24 hours or 1.0% from 2024, surpassing the national average utilization hours for wind power units by 328 hours. The average utilization hours for the group's affiliated solar power plants was 1,296 hours, a decrease of 119 hours or 8.4% from 2024, exceeding the national average utilization hours for solar power units by 208 hours. The average utilization hours for the group's affiliated coal-fired power plants with the same capacity was 4,299 hours, a decrease of 292 hours or 6.4% from 2024, surpassing the national average utilization hours for thermal power units by 152 hours.