Shareholders who for any reason have difficulty in accessing the Current Corporate Communication posted on the Company Website and the HKEx Website, please send your request (specifying your name, address and request) by email at crpower.ecom@computershare.com.hk or by notice in writing to the Company's share registrar (the "Share Registrar"), Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong. The Company will upon receipt of your re ...

Financial Performance - For the six months ended June 30, 2025, the turnover was HK$50,266,881, a slight decrease from HK$51,119,684 in the same period of 2024[12]. - Profit attributable to owners of the Company was HK$7,872,138, down from HK$9,362,748 in 2024, reflecting a decrease of approximately 15.9%[12]. - The company's turnover for the first half of 2025 was HK$50,267 million, slightly down from HK$51,120 million in the first half of 2024[17]. - Basic earnings per share attributable to owners of the company was HK$1.52 in the first half of 2025, down from HK$1.95 in the first half of 2024[27]. - Operating profit decreased to HK$12,146,453, down 8.43% from HK$13,266,437 in the previous year[73]. - Total operating expenses for the first half of 2025 amounted to HK$38,961 million, a decrease of HK$1,305 million or 3.2% from HK$40,266 million in the first half of 2024[98]. - Profit for the period attributable to owners of the Company was HK$7,872,138, a decline of 15.93% compared to HK$9,362,748 in 2024[73]. - Total comprehensive income for the period, net of tax, increased to HK$10,856,040, up 22.98% from HK$8,828,236 in 2024[74]. Generation and Capacity - Total gross generation volume for operating power plants reached 131,075,587 MWh, compared to 130,243,729 MWh in 2024, indicating a growth of 0.6%[12]. - The total net generation volume was 123,378,799 MWh, an increase from 120,120,268 MWh in 2024, representing a growth of 2.3%[12]. - The net generation volume of operating power plants reached 123.4 million MWh, an increase from 120.1 million MWh in the first half of 2024[15]. - The attributable installed capacity of renewable energy surged to 38,955 MW in the first half of 2025, up from 24,662 MW in the first half of 2024, representing a growth of 58.2%[15]. - As of June 30, 2025, the total attributable grid-connected installed capacity was 78,094 MW, up from 62,758 MW in 2024, marking an increase of approximately 24.4%[12]. - The attributable installed capacity in Central China reached 20,630 MW, up from 16,929 MW in 2024, showing a growth of 21.5%[12]. Financial Position - Non-current assets increased to HK$328,201,131 from HK$284,258,453 in 2024, reflecting a growth of 15.4%[12]. - The net debt to total equity ratio improved to 145.3% from 156.2% in 2024, indicating a strengthening of the Company's financial position[12]. - Total equity attributable to owners of the Company increased to HK$105,517,094 from HK$99,151,499 at the end of 2024[77]. - Total assets reached HK$390,711,807, up from HK$362,464,381 as of 31 December 2024[77]. - Total liabilities increased to HK$258,932 million from HK$242,512 million as of December 31, 2024, representing a growth of approximately 6.5%[78]. - The Group's net current liabilities stood at HK$45,524 million as of June 30, 2025, indicating a need for careful management of working capital[83]. Renewable Energy Focus - The company is focusing on expanding its renewable energy capacity, which has shown significant growth over the past year[15]. - The company continues to explore new strategies for market expansion and technological advancements in renewable energy[15]. - The Group's new grid-connected installed capacity for wind and photovoltaic projects in the first half of 2025 was approximately 4,839 MW[50]. - The Group obtained renewable energy development and construction permits totaling 5,874 MW in the first half of 2025, including 3,996 MW for wind power and 1,878 MW for photovoltaic projects[47]. - The Group plans to achieve an additional 10,000 MW of newly grid-connected installed capacity for wind and photovoltaic projects in 2025[61]. Operational Efficiency - The average utilization hours for wind farms increased by 45 hours (3.7%) to 1,268 hours compared to the first half of 2024, exceeding the national average by 181 hours[52]. - The average utilization hours for photovoltaic power plants decreased by 29 hours (4.1%) to 676 hours compared to the first half of 2024, exceeding the national average by 116 hours[52]. - The average on-grid tariff for the Group's consolidated coal-fired power plants was RMB391.2 per MWh, a year-on-year decrease of 6.1%[54]. - The average unit cost of standard coal for the consolidated coal-fired power plants was RMB823.8 per tonne, representing a decrease of 11.8% year-on-year[58]. Investment and Capital Expenditure - The Group's cash capital expenditure in the first half of 2025 amounted to approximately HK$21,067 million, with HK$15,800 million allocated for wind and photovoltaic power plants[59]. - The Group expects cash capital expenditure in 2025 to be approximately HK$56,800 million, with HK$42,000 million for wind and photovoltaic power plants[67]. - The Group's capital contributions into associates and joint ventures were HK$23,205 and HK$18,932 respectively, reflecting ongoing investment in strategic partnerships[80]. Employee and Operational Costs - Employee benefit expenses rose by HK$345 million or 10.2% to HK$3,721 million in the first half of 2025, driven by new projects[104]. - Depreciation and amortisation increased by HK$643 million or 8.0% to HK$8,696 million in the first half of 2025, mainly due to new project commissioning[103]. - Repairs and maintenance expenses increased by HK$176 million or 17.0% to HK$1,211 million in the first half of 2025, attributed to maintenance needs of newly acquired projects[105]. Dividends and Shareholder Returns - The Board declared an interim dividend of HK$0.356 per share for the six months ended 30 June 2025, compared to HK$0.455 per share in 2024, totaling approximately HK$1,843 million[138]. - The final dividend paid in July 2025 was approximately HK$3,577 million, compared to HK$2,824 million in 2024[139]. - Shareholders can elect to receive the 2025 Interim Dividend in RMB at an exchange rate of HK$1.0 to RMB0.91155, resulting in a dividend of RMB0.32451 per share[143].

Group 1 - The company, China Resources Power Holdings Company Limited, announced the issuance of a new tranche of corporate bonds aimed at professional investors [1] - The total issuance amount for this tranche of bonds, referred to as "22 China Resources Y2," is set at 3 billion yuan [1] - The coupon rate for the bonds is established at 2.72%, with interest payments scheduled from September 26, 2024, to September 25, 2025 [1]

Core Viewpoint - China Resources Power (00836) announced the issuance of a new tranche of perpetual corporate bonds aimed at professional investors, indicating a strategic move to raise capital for future investments [1] Group 1: Bond Issuance Details - The company’s wholly-owned subsidiary, China Resources Power Investment Co., Ltd., will issue the bonds, which are set to pay interest and principal on September 26, 2025, for the period from September 26, 2024, to September 25, 2025 [1] - The total issuance amount for this tranche of bonds is 3 billion yuan, with a coupon rate of 2.72% [1]

Core Viewpoint - China Resources Power Holdings Company Limited announced the issuance of a new tranche of corporate bonds aimed at professional investors, with a fixed interest rate and specific payment terms [1] Group 1: Bond Issuance Details - The company is issuing a new tranche of corporate bonds, referred to as "22 China Resources Y2" with bond code 148076.SZ [1] - The bonds will pay interest and principal on September 26, 2025, covering the period from September 26, 2024, to September 25, 2025 [1] - The coupon rate for this bond issuance is set at 2.72%, and the total amount payable per bond (including tax) is 1,027.20 CNY for each 1,000 CNY face value [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （根據公司條例在香港註冊成立的有限責任公司） （股份代號：836） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 以下為華潤電力控股有限公司（「本公司」）就本公司全資附屬公司華潤電力投資有 限公司於2025年9月24日在深圳證券交易所網站(http://www.szse.cn)刊發的資料全 文，僅供參閱。 承董事會命 華潤電力控股有限公司 主席 史寶峰 香港，2025年9月24日 於本公告日期，本公司的董事會包括四名執行董事，即史寶峰先生（主席）、王波 先生、宋葵先生及劉秀生先生；三名非執行董事，即周波先生、李傳吉先生及曾 俊先生；及六名獨立非執行董事，即楊玉川先生、梁愛詩女士、錢果豐博士、蘇 澤光先生、陳克勤先生及陳勇先生。 华润电力投资有限公司 2022 年面向专业投资者公开发行可续期公司债券（第二期） 2025 年本息兑付及摘牌公告 本公司全体董事保证 ...

Core Insights - The Huaren Power Fish-Solar Complementary Project in Lianyungang City has completed 65% of its construction, with an expected annual power generation exceeding 460 million kWh, sufficient to meet the electricity needs of approximately 300,000 households [2][4] - The project is part of a broader initiative in the Haizhou District, which includes six key fish-solar complementary projects with a total planned investment of 2.163 billion yuan [2] - The innovative "fishing and solar power" integration model allows for the installation of solar panels above fish ponds, optimizing space utilization while supporting both energy generation and aquaculture [4] Project Progress - The construction of the Huaren Power project has seen the completion of pile foundation work across 5,038 acres in several villages, with ongoing installation of support structures and electrical systems [4] - Another key project, the New Energy Xincheng Agricultural-Solar Complementary Power Generation Project, has completed its foundation and support installations, with a total installed capacity of 38 MWp on the DC side and 28 MW on the AC side, expected to generate an average annual power output of 45.67 million kWh [4] Technological Innovations - The project employs specialized construction equipment and techniques to address the challenges of "water-based operations and cross-construction," ensuring stability and efficiency in a coastal environment prone to typhoons [2] - The introduction of a "solar array spacing optimization model" enhances power generation efficiency while facilitating the movement of fishing vessels, thus benefiting aquaculture operations [4] Economic and Environmental Impact - The fish-solar complementary projects are anticipated to optimize the regional energy structure and promote sustainable development in aquaculture, contributing to both economic and ecological benefits [4]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Views - The report highlights that in August 2025, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with a total industrial power generation of 936.3 billion kilowatt-hours, reflecting a year-on-year growth of 1.6% [4][7][53] - The report emphasizes the continuous improvement in the power generation structure, with significant contributions from clean energy sources such as wind and solar power, amidst ongoing dual carbon policies and the development of a new power system [8][9][12] Summary by Sections 1. Power Generation - In August 2025, the total power generation reached 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [4][7] - The breakdown of power generation types shows that thermal power generation increased by 1.7%, nuclear power by 5.9%, wind power by 20.2%, and solar power by 15.9%, while hydropower decreased by 10.1% [9][12] - Wind power contributed the most to the increase in power generation, adding 12.4 billion kilowatt-hours compared to the same month last year [8][9] 2. Natural Gas - The report indicates a stable supply-demand balance in the natural gas market, with global gas prices experiencing slight fluctuations [18][19] - As of September 19, 2025, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80% [19][21] - The report suggests that the LNG prices in Northeast Asia remained stable at $11.50/mmBtu, with expectations of a further decline in prices as summer heat waves end [18][35] 3. Investment Analysis - Recommendations for investment include: - Hydropower: Favorable financial conditions due to interest rate cuts, with suggested companies being Guotou Power, Chuan Investment Energy, and Yangtze Power [16] - Green Energy: Increased stability in returns for renewable energy operators, with a focus on companies like Xintian Green Energy and Longyuan Power [16] - Nuclear Power: Continued approval of new units, with recommendations for China Nuclear Power and China General Nuclear Power [16] - Thermal Power: Improved profitability due to falling coal prices, with recommendations for Guodian Power and Huaneng International [16] - Gas Utilities: Favorable conditions for city gas companies, with recommendations for Kunlun Energy and New Hope Energy [40]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for these industries [4]. Core Insights - In August, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with total industrial power generation reaching 936.3 billion kilowatt-hours, a year-on-year increase of 1.6% [9][57]. - The report highlights the continued growth of thermal power and the significant contribution of renewable energy sources, particularly wind and solar power, to the overall power generation increase [10][11]. - Global gas prices are experiencing narrow fluctuations, with a stable supply-demand balance in the market, particularly in the U.S. and Europe [20][29]. Summary by Sections 1. Power Generation - In August, the total power generation was 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [9][57]. - The breakdown of power generation types shows thermal power at 6,274 billion kilowatt-hours (up 1.7%), hydropower at 1,479 billion kilowatt-hours (down 10.1%), nuclear power at 645 billion kilowatt-hours (up 5.9%), wind power at 738 billion kilowatt-hours (up 20.2%), and solar power at 538 billion kilowatt-hours (up 15.9%) [11][58]. - The report emphasizes the strong growth of renewable energy, with wind and solar power showing significant year-on-year increases of 20.2% and 15.9%, respectively [10][11]. 2. Natural Gas - As of September 19, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80%, while the TTF spot price in Europe remained stable at €32.00/MWh [20][21]. - The report notes that U.S. natural gas production remains high, contributing to a stable supply-demand balance and low price fluctuations [23][29]. - The LNG ex-factory price in China was 4,019 yuan/ton, with a weekly decrease of 0.84%, indicating a softening market due to weak domestic demand [41][44]. 3. Investment Recommendations - For hydropower, the report recommends companies like Guotou Power, Chuan Investment Energy, and Yangtze Power due to stable growth and financial benefits from interest rate cuts [18]. - In the renewable energy sector, companies such as Xintian Green Energy and Funi Co. are highlighted for their stable returns and high profitability [18]. - The report suggests focusing on integrated natural gas traders like New Hope Energy and Shenzhen Gas, as well as city gas companies benefiting from cost reductions [44].

+ + CCS3407 CNRH THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 此乃要件 請即處理 If you are in any doubt as to any aspect of this document or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. 閣下如對本文件任何內容或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 (Incorporated in Hong Kong with limited liability under the Companies Ordinance) （根據公司條例在香港註冊成立的有限責任公司） ( ...