Announcement • Jun 09
China Power International Development Limited Approves Final Dividend for the Year Ended 31 December 2025 China Power International Development Limited at its AGM held on 8 June 2026, approved final dividend of RMB 0.168 (equivalent to HKD 0.1911) per ordinary share for the year ended 31 December 2025. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.19 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Board Change • May 21
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Stanley Hui was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 24
China Power International Development Limited announces Annual dividend, payable on June 30, 2026 China Power International Development Limited announced Annual dividend of HKD 0.1911 per share payable on June 30, 2026, ex-date on June 10, 2026 and record date on June 11, 2026. Announcement • Mar 21
China Power International Development Limited, Annual General Meeting, Jun 04, 2026 China Power International Development Limited, Annual General Meeting, Jun 04, 2026. Announcement • Mar 10
China Power International Development Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 China Power International Development Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Announcement • Jan 08
China Power International Development Limited Announces Executive Changes, Effective January 6, 2026 China Power International Development Limited announces that, effective from January 6, 2026, Mr. GUI Xude has been appointed as an Executive Director of the Company and the Chairman of the Board to succeed Mr. WANG Zichao. At the same time, Mr. GUI has been appointed to take over the positions as the Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee and the Executive Committee, as well as the Authorized Representative of the Company upon the resignation of Mr. WANG. Mr. GUI Xude, aged 50, is a chief senior economist and holds a bachelor’s degree in materials management engineering and a master’s degree in management science and engineering from Huazhong University of Science and Technology (formerly known as Huazhong University of Technology). Mr. GUI currently serves as the chairman of China Power International Holding Limited (the immediate holding company of the Company). Mr. GUI previously served as an assistant to the general manager of Three Gorges International Tendering Co. Ltd., the deputy head of the Human Resources Department and the head of the Corporate Management Department of China Three Gorges Corporation, the chairman of Shanghai Investigation, Design & Research Institute Co. Ltd., and the head of the Human Resources Department (Reform Office) of State Power Investment Corporation Limited (the ultimate controlling shareholder of the Company). The appointment of Mr. GUI has been reviewed, assessed and endorsed by the Remuneration and Nomination Committee according to the Company’s Nomination Policy and Board Diversity Policy. Mr. GUI has extensive experience in the power industry and is familiar with the power market in the PRC. As the Chairman of the Board, Mr. GUI will lead the Board in ensuring effective management and oversight of the Company’s business affairs, formulating corporate strategies and committing to high standards of good corporate governance. Following the resignation of Mr. WANG, Mr. GUI has succeeded Mr. WANG as the Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee and the Executive Committee of the Company. Mr. GUI obtained the legal advice from a law firm on December 27, 2025 and has confirmed that he understood his obligations as a director of the Company in accordance with Rule 3.09D of the Listing Rules. Mr. GUI will be subject to retirement and re-election in accordance with the Listing Rules and the Company’s articles of association. As at the date of this announcement, the directors of the Company are: executive directors GUI Xude and ZHAO Yonggang, non-executive directors HU Jiandong, ZHOU Jie, HUANG Qinghua and CHEN Pengjun, and independent non-executive directors LI Fang, YAU Ka Chi and HUI Hon Chung, Stanley. Announcement • Oct 20
China Power International Development Limited Announces Board and Committee Changes, Effective 17 October 2025 The board of directors of China Power International Development Limited announced that, due to the adjustment of his work arrangement, Mr. HE Xi has resigned from his positions as an Executive Director, the Chairman of the Board, and the Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee and the Executive Committee of the Company, effective from 17 October 2025. The Board also announces that, effective from 17 October 2025, Mr. WANG Zichao has been appointed as an Executive Director of the Company and the Chairman of the Board to succeed Mr. HE. At the same time, Mr. WANG has been appointed to take over the positions as the Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee and the Executive Committee, as well as the Authorized Representative of the Company upon the resignation of Mr. HE. Mr. WANG Zichao, aged 55, is a senior engineer and holds a master's degree in engineering majoring in power systems and automation from North China Electric Power Institute (now known as North China Electric Power University) and a master's degree of business administration from China Europe International Business School. Mr. WANG currently serves as the chairman of China Power International Holding Limited (the immediate holding company of the Company). Mr. WANG was a Non-executive Director of the Company during June 2012 to July 2015, and re-designated to Executive Director of the Company in July 2015 until he left the Company in June 2017 due to other work arrangements. Mr. WANG also previously served as the general manager of various departments of the Company, the vice president of the Company, the chairman of Wu Ling Power Corporation (a principal subsidiary of the Company), and the deputy chief economist, the secretary to the board and the head of the Operations Management Department (Supply Chain Management Department), the Corporate Governance Department (Office of the Board of Directors) and General Management Department of State Power Investment Corporation Limited (the ultimate controlling shareholder of the Company). Following the resignation of Mr. HE, Mr. WANG has succeeded Mr. HE as the Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee and the Executive Committee of the Company. Announcement • Jun 05
China Power International Development Limited Announces Dividend or the Year Ended 31 December 2024 China Power International Development Limited at its AGM held on June 5, 2025, declared a final dividend of RMB 0.162 (equivalent to HKD 0.1754) per ordinary share for the year ended 31 December 2024. Announcement • Mar 21
China Power International Development Limited, Annual General Meeting, Jun 05, 2025 China Power International Development Limited, Annual General Meeting, Jun 05, 2025. Announcement • Mar 03
China Power International Development Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 China Power International Development Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 Announcement • Nov 21
China Power International Development Limited Announces Appointment of Non-Executive Directors The board of directors of China Power International Development Limited (the ‘Company’) has resolved to increase the Board size in order to bring in further experts to meet the organizational needs, the extensive changes in the power industry and future challenges. Mr. HU Jiandong (‘Mr. HU’), aged 61, is a chief senior engineer who holds a bachelor's degree in engineering majoring in hydropower station automation from Huazhong College of Technology (now known as Huazhong University of Science and Technology) and a master's degree in economics majoring corporate management from Fudan University. He currently serves as a special duty director of State Power Investment Corporation Limited, a director of Jilin Electric Power Co., Ltd, and a director of SPIC Yellow River Upstream Hydropower Development Co. Ltd. He also formerly served as an executive director and an executive vice president of the Company when the Company was listed on the Hong Kong Stock Exchange in 2004 and remained in office until January 2008. Mr. HU held several senior positions in power related industries in the past, including the vice president of Guangxi Power Industry Survey and Design Institute, the deputy director of Guangxi Power Industry Bureau, the deputy general manager of Guangxi Power Company Limited and China Power International Holding Limited, the general manager of China Power Investment Co. Ltd., and deputy chief engineer, assistant to the general manager and concurrently the chief officer of departments or institutions such as hydropower, hydrogen power, clean energy and human resources of SPIC. Mr. HU was also the former general manager and chairman of Shanghai Electric Power Co. Ltd., from the period January 2008 to July 2011 and October 2020 to August 2022, respectively. Mr. CHEN Pengjun (‘Mr. CHEN’, formerly named as CHEN Wenwei), aged 53, is a senior economist who holds a bachelor of science degree in geography majoring in resources and environmental science from Beijing Normal University and a master's degree of business administration from Tsinghua University. He is currently a non-executive director of Aluminum Corporation of China Limited and the general manager of the asset management department I at China CITIC Financial Asset Management Co. Ltd. (‘CITIC FAMC’). Mr. CHEN previously held various significant roles in China Huarong Asset Management Co. Ltd. (now known as CITIC FAMC), including the director of the listing office, the general manager of the international business management department, the general management department and the equity business department. He also served as the general manager of Huarong International Trust Co. Ltd., China Huarong Financial Leasing Co. Ltd., Huarong Securities Co. Ltd. (now known as China Reform Securities Co. Ltd.) and the chairman of Huarong Ruitong Equity Investment Co. Ltd. There is no service contract between the Company and Mr. HU or Mr. CHEN. Each of them has entered into a letter of appointment with the Company for a term of three years, pursuant to which they are subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the ‘Listing Rules’) and the Company's articles of association. After the appointment of Mr. HU and Mr. CHEN, the Board shall comprise of nine directors. The Company confirms that the number of independent non-executive directors maintains one-third of the total Board members pursuant to Rule 3.10A of the Listing Rules. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Oct 21
Spic Yuanda Environmental-Protection Co.,Ltd. (SHSE:600292) agreed to acquire Wuling Power Corporation Ltd. from China Power International Development Limited (SEHK:2380) and Hunan Xiangtou International Investment Limited. Spic Yuanda Environmental-Protection Co.,Ltd. (SHSE:600292) agreed to acquire Wuling Power Corporation Ltd. from China Power International Development Limited (SEHK:2380) and Hunan Xiangtou International Investment Limited on October 19, 2024. As of June 30, 2024, Wuling Power Corporation Ltd. reported total assets of CNY 55.99 billion and total common equity of CNY 16.3 billion. Upcoming Dividend • Sep 23
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 25
First half 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.14 in 1H 2023) First half 2024 results: EPS: CN¥0.21 (up from CN¥0.14 in 1H 2023). Revenue: CN¥27.2b (up 24% from 1H 2023). Net income: CN¥2.57b (up 53% from 1H 2023). Profit margin: 9.5% (up from 7.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 23
China Power International Development Limited Declares Special Dividend, Payable on or Around 15 October 2024 In celebration of the 20th anniversary of China Power International Development Limited's listing and rewarding shareholders for their long-term support, the board of directors of the company has resolved to declare a special dividend of RMB 0.05 (pre-tax) (equivalent to HKD 0.0547 at the exchange rate announced by the People's Bank of China on 22 August 2024) per ordinary share (the Special Dividend) in cash and approximately in a total amount of RMB 618,508,000 (equivalent to HKD 676,647,000) based on its existing total number of ordinary shares of 12,370,150,983. It is expected that the Special Dividend will be payable on or around 15 October 2024. The Special Dividend is expected to be paid in Hong Kong dollars to those members registered in the Company's register of members on 4 October 2024 (the Dividend Record Date). Announcement • Aug 22
China Power International Development Limited Announces Special Dividend, Payable on October 15, 2024 China Power International Development Limited announced special dividend of RMB 0.05 per share Ex-dividend date 30 September 2024, Record date 04 October 2024 and Payment date 15 October 2024. Announcement • Aug 08
China Power International Development Limited to Report First Half, 2024 Results on Aug 22, 2024 China Power International Development Limited announced that they will report first half, 2024 results on Aug 22, 2024 New Risk • Jul 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Buy Or Sell Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock has risen 20% to €0.45. The fair value is estimated to be €0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 17% undervalued Over the last 90 days, the stock has risen 31% to €0.48. The fair value is estimated to be €0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €0.44. The fair value is estimated to be €0.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • Jun 15
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €0.44. The fair value is estimated to be €0.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Jun 08
China Power International Development Limited Approves Final Dividend for the Year Ended 31 December 2023 China Power International Development Limited announced that at its AGM held on 6 June 2024, the shareholders approved final dividend of RMB 0.132 per ordinary share for the year ended 31 December 2023. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.6%). Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.21. Revenue: CN¥46.1b (up 3.9% from FY 2022). Net income: CN¥2.66b (up 7.2% from FY 2022). Profit margin: 5.8% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Declared Dividend • Mar 23
Dividend of HK$0.15 announced Shareholders will receive a dividend of HK$0.15. Ex-date: 11th June 2024 Payment date: 28th June 2024 Dividend yield will be 39%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7422090x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 824,676,668% to bring the payout ratio under control. EPS is expected to grow by 102% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.22. Revenue: CN¥46.6b (up 4.9% from FY 2022). Net income: CN¥3.08b (up 24% from FY 2022). Profit margin: 6.6% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Renewable Energy industry in Germany. Announcement • Mar 06
China Power International Development Limited to Report Fiscal Year 2023 Final Results on Mar 21, 2024 China Power International Development Limited announced that they will report fiscal year 2023 final results on Mar 21, 2024 New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Buying Opportunity • Nov 01
Now 24% undervalued Over the last 90 days, the stock is up 2.6%. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 74% in the next 2 years. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.072 in 1H 2022) First half 2023 results: EPS: CN¥0.14 (up from CN¥0.072 in 1H 2022). Revenue: CN¥21.8b (up 6.2% from 1H 2022). Net income: CN¥1.68b (up 114% from 1H 2022). Profit margin: 7.7% (up from 3.8% in 1H 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
China Power International Development Limited to Report First Half, 2023 Results on Aug 24, 2023 China Power International Development Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Jul 12
China Power International Development Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 China Power International Development Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects profit attributable to equity holders of the Company will be between approximately RMB 1.8 billion to RMB 2.0 billion for the six months ended 30 June 2023, representing an increase of approximately 112% to 135% compared with the corresponding period in 2022. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.13 per share at 4.1% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.066 loss in FY 2021) Full year 2022 results: EPS: CN¥0.22 (up from CN¥0.066 loss in FY 2021). Revenue: CN¥44.4b (up 26% from FY 2021). Net income: CN¥2.65b (up CN¥3.30b from FY 2021). Profit margin: 6.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10.0% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Jan 14
China Power International Development Limited Provides Earning Guidance for the Year Ended 31 December 2022 China Power International Development Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company is pleased to advise the shareholders of the Company and potential investors that, based on the preliminary assessment of the internal unaudited consolidated management accounts of the Group and the information currently available, it is expected that the profit attributable to equity holders of the Company will be between RMB 2.3 billion to RMB 2.7 billion for the year ended 31 December 2022. Compared with the loss in 2021, the Group's financial performance in 2022 will record a significant improvement and a turnaround from loss to profit. The improvement in financial results was mainly attributable to (i) a substantial increase in revenue and operating profit generated from photovoltaic power and wind power generation; (ii) a gain arising from the disposal of 60% equity interest in (Xinyuan Ronghe (Beijing) Power Co. Ltd.) of approximately RMB 650 million; and (iii) a gain on acquisition of 23 companies from (China Power International New Energy Holding Limited) and China Power (New Energy) Holdings Limited (the "Acquisitions") of approximately RMB 1.5 billion in accordance with the applicable accounting standards, arising from the difference between the share-based part of the consideration for acquisition of the target companies and the fair value of the acquired net assets due to changes in share price at the time of completion as compared to the time of entering into agreements. Announcement • Dec 29
China Coal Power Co., Ltd. entered into equity transfer agreement to acquire 60% stake in Xinyuan Ronghe (Beijing) Power Co., Ltd. from China Power International Development Limited (SEHK:2380) for CNY 1264.735140 million. China Coal Power Co., Ltd. entered into equity transfer agreement to acquire 60% stake in Xinyuan Ronghe (Beijing) Power Co., Ltd. from China Power International Development Limited (SEHK:2380) for CNY 1264.735140 million on December 26, 2022. Buying Opportunity • Dec 03
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Stanley Hui was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 22
SPIC Digital Technology Co., Ltd entered into equity transfer agreement to acquire 51% stake in Beijing China Power Huizhi Technology Company Limited from China Power International Development Limited (SEHK:2380) for RMB 25.75 million. SPIC Digital Technology Co., Ltd entered into equity transfer agreement to acquire 51% stake in Beijing China Power Huizhi Technology Company Limited from China Power International Development Limited (SEHK:2380) for RMB 25.75 million on October 21, 2022. Zero2IPO Group acted as financial advisor to Beijing China Power Huizhi Technology Company Limited. Ernst & Young (Hong Kong) Limited acted as accountant for Beijing China Power Huizhi Technology Company Limited. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: CN¥0.072 (vs CN¥0.13 in 1H 2021) First half 2022 results: EPS: CN¥0.072 (down from CN¥0.13 in 1H 2021). Revenue: CN¥20.6b (up 23% from 1H 2021). Net income: CN¥783.7m (down 40% from 1H 2021). Profit margin: 3.8% (down from 7.8% in 1H 2021). Over the next year, revenue is forecast to grow 12% compared to a 10% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Aug 13
China Power International Development Limited to Report First Half, 2022 Results on Aug 25, 2022 China Power International Development Limited announced that they will report first half, 2022 results on Aug 25, 2022 Upcoming Dividend • May 31
Upcoming dividend of HK$0.062 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 30 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.7%). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Stanley Hui was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 20
China Power International Development Limited, Annual General Meeting, Jun 02, 2022 China Power International Development Limited, Annual General Meeting, Jun 02, 2022. Reported Earnings • Mar 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: CN¥0.066 loss per share (down from CN¥0.17 profit in FY 2020). Revenue: CN¥35.2b (up 23% from FY 2020). Net loss: CN¥649.9m (down 139% from profit in FY 2020). Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 9.4% compared to a 36% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Mar 06
China Power International Development Limited to Report Fiscal Year 2021 Results on Mar 17, 2022 China Power International Development Limited announced that they will report fiscal year 2021 results on Mar 17, 2022 Announcement • Feb 26
China Power International Development Limited Announces Change of Non-Executive Director The board of directors (the "Board") of China Power International Development Limited (the "Company") announced that Mr. WANG Xianchun has resigned as a Non-executive Director of the Company due to work arrangement with effect from 25 February 2022. Mr. WANG has confirmed that he has no disagreement with the Board and there is no matter in his knowledge that needs to be brought to the attention of the shareholders of the Company. The Board also announces that with effect from 25 February 2022, Mr. XU Zuyong has been appointed to succeed Mr. WANG as a Non-executive Director of the Company. XU is an editor-in-chief and is currently a special duty director of State Power Investment Corporation Limited. Announcement • Jan 30
China Power International Development Limited Provides Consolidated Earnings Guidance for the Full Year Ended 31 December 2021 China Power International Development Limited provided consolidated earnings guidance for the full year of 2021. Loss attributable to equity holders of the Company for the year ended 31 December 2021 would be approximately in the range between RMB 500 million to RMB 600 million, representing a substantial fall as compared to the audited consolidated profit attributable to equity holders of the Company for the year ended 31 December 2020. Reported Earnings • Aug 21
First half 2021 earnings released: EPS CN¥0.13 (vs CN¥0.12 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥16.7b (up 27% from 1H 2020). Net income: CN¥1.31b (up 11% from 1H 2020). Profit margin: 7.8% (down from 8.9% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
China Power International Development Limited (SEHK:2380) agreed to acquire Qingshuihe Mingyang from Ming Yang New Energy Investment Holding Group Co., Ltd. for CNY 420 million China Power International Development Limited (SEHK:2380) agreed to acquire Qingshuihe Mingyang from Ming Yang New Energy Investment Holding Group Co., Ltd. for CNY 420 million on July 12, 2021. Within five business days after the relevant Equity Transfer Agreement has been executed and become effective, a 10% of the consideration for the relevant Equity Interest shall be deposited into a Co-managed Account. Another 80% of the consideration for the relevant Equity Interest shall be deposited into the Co-managed Account before the Equity Transfer Registration. Such consideration shall be released to the Seller in the following manner and subject to the conditions as set out below. A 50% of consideration shall be paid to the Seller on the date when the Equity Transfer Registration has been completed and a new business registration has been obtained. A 40% of the consideration shall be paid to the Seller on the date when the confirmation for transfer of the management rights has been executed according to the terms of the Completion. China Power International Development Limited has deposited 90% of the consideration for the relevant Equity Interest to the Co-managed Account. Upon completion of the Acquisitions, Qingshuihe Mingyang will become subsidiary of China Power International Development Limited and its financial results will be consolidated to the accounts of the Group. China Power International Development Limited will finance the considerations for the Acquisitions by internal resources and/or bank borrowings of the Group. The net assets of Qingshuihe Mingyang for December 31, 2020 were CNY 103.53 million. The transaction is subject to Ming Yang New Energy Investment Holding Group Co., Ltd. obtaining the approval of the board of directors and the general meeting of shareholders and bondholders. and China Power International Development Limited obtaining the approvals of the relevant authorities (including but not limited to the State-owned asset management agencies). Completion shall take place within seven business days after the Equity Transfer Registration of the relevant Target Company has been completed, which shall not be later than 31 August 2021. Executive Departure • Jun 09
Independent Non-Executive Director Che Keung Kwong has left the company On the 4th of June, Che Keung Kwong's tenure as Independent Non-Executive Director ended after 17.3 years in the role. We don't have any record of a personal shareholding under Che Keung's name. A total of 4 executives have left over the last 12 months. Executive Departure • Jun 09
Independent Non-Executive Director Ka Chi Yau has left the company On the 4th of June, Ka Chi Yau's tenure as Independent Non-Executive Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Ka Chi's name. A total of 4 executives have left over the last 12 months. Upcoming Dividend • May 31
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 30 June 2021. Trailing yield: 8.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.0%). Announcement • Apr 29
China Power International Development Limited Proposes Final Dividend for the Year Ended 31 December 2020 China Power International Development Limited announced that at its annual general meeting to be held on 3 June 2021, proposed final dividend of RMB 0.13 (equivalent to HKD 0.1556) per ordinary share for the year ended 31 December 2020. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.13 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥28.7b (up 2.7% from FY 2019). Net income: CN¥1.69b (up 32% from FY 2019). Profit margin: 5.9% (up from 4.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Executive Departure • Apr 15
Executive Chairman & CEO Jun Tian has left the company On the 12th of April, Jun Tian's tenure as Executive Chairman & CEO of the company ended. We don't have any record of a personal shareholding under Jun's name. A total of 2 executives have left over the last 12 months. Executive Departure • Apr 15
Non-Executive Director has left the company On the 12th of April, Qihong Guan's tenure as Non-Executive Director ended after 13.2 years in the role. We don't have any record of a personal shareholding under Qihong's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.13 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥28.7b (up 2.7% from FY 2019). Net income: CN¥1.69b (up 32% from FY 2019). Profit margin: 5.9% (up from 4.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 20
China Power International Development Limited Proposes Final Dividend for the Year Ended 31 December 2020, to Be Paid on 30 June 2021 China Power International Development Limited resolved the proposal to pay a final dividend of RMB 0.13 (pre-tax) (equivalent to HKD 0.1556) per ordinary share for the year ended 31 December 2020 (the "2020 Final Dividend"). The 2020 Final Dividend is subject to the shareholders' approval at the forthcoming annual general meeting of the Company to be held on 3 June 2021 (the "2021 AGM"). The 2020 Final Dividend is expected to be paid in Hong Kong dollars on 30 June 2021 to those members registered in the Company's register of members on 11 June 2021 (the "Record Date"). Announcement • Mar 19
China Power International Development Limited, Annual General Meeting, Jun 03, 2021 China Power International Development Limited, Annual General Meeting, Jun 03, 2021. Agenda: To consider final dividend. Announcement • Mar 04
China Power International Development Limited to Report Fiscal Year 2020 Results on Mar 18, 2021 China Power International Development Limited announced that they will report fiscal year 2020 results on Mar 18, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: €0.20 The company is up 24% from its price of €0.17 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.38 per share. Is New 90 Day High Low • Feb 12
New 90-day high: €0.20 The company is up 22% from its price of €0.17 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.38 per share. Reported Earnings • Sep 21
First half earnings released Over the last 12 months the company has reported total profits of CN¥1.48b, largely unchanged from the prior year. Total revenue was CN¥27.1b over the last 12 months, up 2.8% from the prior year. Announcement • Aug 14
China Power International Development Limited to Report First Half, 2020 Results on Aug 27, 2020 China Power International Development Limited announced that they will report first half, 2020 results on Aug 27, 2020 
