China Datang renewable power reports mixed interim results

For the first half of 2025, China Datang Corporation Renewable Power Co. reported revenue of RMB6,845 million, a 3.30% increase from RMB6,626 million in the corresponding period of 2024. Profit before tax rose by 1.37% to RMB2,358 million from RMB2,326 million in the previous year. However, profit attributable to owners of the parent decreased by 4.37% to RMB1,688 million, down from RMB1,765 million in the same period of 2024. Basic and diluted earnings per share also saw a decrease of RMB0.0065, reaching RMB0.2046.

The Group's consolidated installed capacity grew by 22.59% year-on-year to 19,068.60 MW, with electricity generation increasing by 10.22% to 18,875,826 MWh. Wind power generation rose by 8.16% to 16,492,913 MWh, while photovoltaic power generation surged by 26.97% to 2,382,914 MWh. Operating expenses increased by 8.38% to RMB4,022 million, primarily due to higher depreciation and amortization charges resulting from increased installed capacity. The net profit margin decreased to 27.89% from 29.90% in 2024, attributed to lower electricity prices and increased operating expenses.

The Board has proposed an interim dividend of RMB0.03 per share for the six months ended June 30, 2025. As of June 30, 2025, the Group's net gearing ratio improved slightly to 63.31%, a decrease of 0.53 percentage points from December 31, 2024.