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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
CLP
CLP (2) investor relations material
CLP Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Oct, 2026
Executive summary
Hong Kong electricity sales rose 2.5% YoY to 28,131 GWh in 9M 2026, supported by economic growth, data centres and EV charging.
Operations reflected contrasting conditions: renewable generation grew moderately in mainland China and India, while weaker wholesale markets pressured Australian generation margins.
Financial highlights
Hong Kong sales by sector: commercial 11,024 GWh, +4.3% YoY; infrastructure and public services 8,292 GWh, +4.0%; residential 7,637 GWh, -1.4%; manufacturing 1,178 GWh, +1.0%.
Data-centre electricity sales increased 12.8% YoY and represented 6.6% of Hong Kong consumption.
Hong Kong’s average net tariff in October was 4.8% above its January level, reflecting higher fuel costs; a special August–October rebate is expected to give ~50% of residential customers ~HK$100 each.
Outlook and guidance
Sandy Ridge Data Facility Cluster infrastructure is targeted to begin phased operations from mid-2027; build-out is also advancing in Hung Shui Kiu and San Tin Technopole.
Wooreen battery construction is progressing toward completion in Q3 2027; the 50 MW/200 MWh Hallett battery is on track for commissioning in H2 2027.
Yallourn Power Station is scheduled to retire in 2028; EnergyAustralia is reviewing potential data-centre development and associated gas generation and battery storage at the site.
Three Indian transmission projects are on track for commissioning in 2026, while three renewable projects remain under construction.
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Latest events from CLP
- Underlying earnings rose 33%, with Hong Kong investment and EnergyAustralia recovery driving the year.2
H2 2023 - Earnings rose 6.6% to HK$5,997 million, led by Hong Kong and strong international segment gains.2H1 2026
- Electricity sales rose, renewables expanded, and the interim dividend was held at HK$0.63.2Q1 2026
- Dividend up 1.6% to HK$3.20 as strong Hong Kong results offset earnings decline elsewhere.2H2 2025
- Electricity sales rose, tariffs fell, and renewables investment accelerated across all regions.2Q3 2024
- Hong Kong sales dipped, but renewables growth and stable dividend highlight resilient performance.2Q3 2025
- Earnings fell 8% to HK$5,227m, with resilient Hong Kong results and stable dividend.2H1 2025
- Operating earnings rose up to 25% with strong growth in Hong Kong, Australia, and India.2H1 2024
- Earnings rose 76% to HK$11.7B, with record renewables investment and higher dividends.2H2 2024
CLP
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Frequently asked questions
CLP Holdings Limited is a Hong Kong-based electric utility company that generates, transmits, and distributes electricity. Operating across the Asia-Pacific region, CLP’s portfolio includes a mix of energy sources, such as coal, natural gas, nuclear, and renewable energy from wind and solar. The company serves residential, commercial, and industrial customers, aiming to provide reliable and sustainable power solutions. CLP is also involved in advancing low-carbon technologies and renewable energy projects to support energy transition goals within its markets. CLP Holdings Limited is headquartered in Hong Kong, and its shares are listed on the HKEX.