Datang International Power Generation (991) H2 2024 earnings summary

Executive summary

• Operating revenue reached RMB123,474 million for 2024, up 0.86% year-over-year, with net profit attributable to equity holders surging 215% to RMB4,538 million.

• Achieved record-high profit, best new energy development index, and lowest financing interest rate in company history.

• Board recommends a cash dividend of RMB0.0621 per share, totaling approximately RMB1,149 million, pending shareholder approval.

Financial highlights

• Profit before tax rose 51.88% to RMB8,666 million compared to 2023.

• Basic earnings per share improved to RMB0.1646 from a loss of RMB0.0114 in 2023.

• Net asset value per share increased to RMB1.63, up RMB0.15 from 2023.

• Net cash flows from operating activities grew 23% to RMB26,123 million.

Outlook and guidance

• Plans to consolidate safety, enhance cost control, and drive green transformation with large-scale new energy projects.

• Focus on cost leadership, efficiency, and corporate governance to support high-quality growth.