China Yangtze Power (600900) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached RMB 34.81 billion, up 12.38% year-over-year; net profit attributable to shareholders was RMB 11.36 billion, up 27.92% year-over-year.

• Operating cash flow was RMB 22.98 billion, down 8.38% year-over-year; total assets at period end were RMB 574.5 billion.

• Company maintained strong safety record, achieved record daily power generation, and expanded international and renewable energy operations.

• No interim dividend or capital increase plan for the half-year.

Financial highlights

• Net profit attributable to shareholders: RMB 11.36 billion, up 27.92% year-over-year.

• Revenue: RMB 34.81 billion, up 12.38% year-over-year.

• Basic and diluted EPS: RMB 0.4644, up 27.92% year-over-year.

• Operating cash flow: RMB 22.98 billion, down 8.38% year-over-year.

• Net assets attributable to shareholders: RMB 193.8 billion, down 3.76% from year-end.

Outlook and guidance

• Management expects continued focus on clean energy, operational excellence, and risk management.

• Company will continue to expand renewable energy and international business, and enhance technological innovation.