China Power maintains profit, drives clean energy growth in first half

China Power International Development Limited reported a profit attributable to equity holders of 2,834,655,000 yuan for the six months ended June 30, 2025, a marginal increase of 1.16% from 2024. Total electricity sold decreased by 2.81% to 62,536,560 MWh. Clean energy segments, however, saw significant growth, with wind power sales up 26.90% to 16,685,055 MWh and photovoltaic power up 9.63% to 12,969,806 MWh. Hydropower sales declined by 23.02% due to reduced rainfall.

The company's total installed capacity grew by 11.61% to 53,940.6 MW, with clean energy accounting for 81.79%. Net profit increased by 0.42% to 4,611,209,000 yuan, benefiting from a 26.16% reduction in total fuel costs, while revenue decreased by 9.87% to 23,857,644,000 yuan. Basic earnings per share remained stable at 0.21 yuan.

The group's total debts as of June 30, 2025, stood at 204,772,035,000 yuan, with a stable gearing ratio of approximately 63%. Capital expenditure for the period was 8,748,761,000 yuan, predominantly allocated to clean energy projects. Strategic acquisitions of wind and photovoltaic power entities contributed positively to performance.