China Yangtze Power (600900) H2 2024 earnings summary

Executive summary

• Achieved total profit of RMB 388.66 billion in 2024, up 19.87% year-over-year, driven by increased power generation from six cascade hydropower stations.

• Net profit attributable to shareholders reached RMB 325.20 billion, a 19.36% increase year-over-year.

Financial highlights

• Operating revenue was RMB 841.98 billion, up 7.75% compared to the same period last year.

• Operating profit rose to RMB 396.48 billion, a 19.31% increase year-over-year.

• Basic earnings per share were RMB 1.3291, up 19.36% year-over-year.

• Weighted average return on equity increased by 2.20 percentage points to 15.72%.

• Net assets per share rose to RMB 8.63, up 4.81% from the previous year-end.

Key financial ratios and metrics

• Total assets at year-end were RMB 5,666.37 billion, down 1.10% from the previous year-end.

• Shareholders' equity increased by 4.81% to RMB 2,111.52 billion.