Operational Capacity and Energy Generation - As of December 31, 2019, CR Power operated 36 coal-fired power plants, 96 wind farms, 21 photovoltaic power plants, 2 hydro-electric plants, and 3 gas-fired power plants, with a total attributable operational generation capacity of 40,392 MW[7]. - The attributable operational generation capacity in renewable energy (wind, hydro-electric, and photovoltaic) totaled 9,420 MW, accounting for approximately 23.3% of the total capacity[7]. - CR Power's thermal power generation capacity includes 1,000MW, 600MW, and 300MW plants across various locations[13]. - The company operates multiple renewable energy projects, including wind and photovoltaic plants, contributing to a diversified energy portfolio[13]. - CR Power's renewable energy projects account for 62.94% of its total energy generation capacity[13]. - The total installed capacity across various provinces is 1,950 MW in Jiangsu, 2,000 MW in Guangdong, and 1,840 MW in Henan, among others[14]. - The Group's total attributable operational generation capacity was 40,392 MW, with thermal power plants accounting for 76.7%[161]. - The average full-load equivalent utilization hours of the Group's coal-fired power plants was 4,725 hours, a decrease of 5.5% from 2018, but exceeding the national average by 432 hours[161]. - The attributable generation capacity of newly commissioned wind and photovoltaic power projects reached 1,871 MW and 5.1 MW respectively in 2019[163]. - The average utilization hours for wind power generation units of the Group was 2,201 hours, exceeding the national average by 119 hours[162]. - The Group's attributable operational wind power generation capacity was 8,687 MW, with 3,809 MW under construction at the end of 2019[163]. - The Group's attributable operational photovoltaic generation capacity reached 453 MW, with 98 MW under construction[163]. Financial Performance - In 2019, the company's turnover was HK$67,757.6 million, a decrease from HK$76,940.1 million in 2018, representing a decline of approximately 11.4%[9]. - Profit attributable to owners of the company for 2019 was HK$6,950.3 million, an increase of 75.7% compared to HK$3,950.4 million in 2018[9]. - Basic and diluted earnings per share attributable to owners of the company were both HK$1.37 in 2019, up from HK$0.83 in 2018[9]. - The company declared a dividend per share of HK$0.548 for 2019, compared to HK$0.328 in 2018, marking a 67.1% increase[9]. - Revenue for the year decreased by 11.9% compared to the previous year, totaling HK$67.758 billion, primarily due to business restructuring from the disposal of coal mining assets in 2018[18]. - Profit attributable to owners of the company increased by approximately 66.8% compared to 2018, reaching HK$6.59 billion[18]. - The Group's consolidated turnover for the year ended December 31, 2019, was HK$67,757,632, a decrease of 11.4% from HK$76,940,125 in 2018[184]. - Operating profit increased to HK$12,888,458 in 2019, compared to HK$11,348,285 in 2018, reflecting a growth of 13.6%[184]. - Profit for the year attributable to owners of the Company rose to HK$6,590,345, up from HK$3,950,435 in 2018, representing a significant increase of 67.1%[184]. - Total operating expenses decreased to HK$57,862,974 in 2019 from HK$66,175,052 in 2018, a reduction of 12.5%[184]. - The Group's profit before income tax for 2019 was HK$9,653,016, compared to HK$7,311,175 in 2018, marking a growth of 32.0%[184]. Investments and Capital Expenditure - Non-current assets increased to HK$186,166.2 million in 2019 from HK$178,274.1 million in 2018, reflecting a growth of approximately 4.0%[9]. - The Group's cash capital expenditure in 2019 was approximately HK$22,786 million, with HK$17,685 million allocated to renewable energy projects[173]. - The expected cash capital expenditure for 2020 is approximately HK$24 billion, with HK$19 billion earmarked for renewable energy projects[180]. - The Group plans to develop a total of 1,222 MW of new coal and gas power generation capacity in 2020, including a 1,000 MW supercritical unit in Hebei[181]. Environmental and Social Responsibility - The company invested RMB1.828 billion in environmental protection, improving key indicators of energy consumption and emissions[26]. - The average net generation standard coal consumption rate decreased to 296.64 g/kWh, down by 2.90 g/kWh from 2018[26]. - The company captured approximately 20,000 tonnes of carbon dioxide annually through its carbon capture testing platform, contributing to waste resource utilization[28]. - The company participated in charitable activities, donating approximately RMB117 million to support poverty alleviation and education initiatives[32]. - By the end of 2019, a total of 515 MW of renewable energy projects were implemented, contributing over RMB 36 million annually to poverty alleviation and effectively lifting approximately 36,000 people out of poverty[33]. - The company donated approximately RMB 117 million to social causes throughout the year, including poverty alleviation and educational support, while also creating 855 new jobs[35]. Strategic Initiatives and Future Outlook - The company aims to enhance service capabilities and customer engagement while focusing on industrial energy efficiency and smart energy solutions[2]. - CR Power plans to continue promoting advanced technologies such as energy storage and hydrogen energy in its operations[2]. - The company is focusing on expanding its renewable energy portfolio, particularly in wind and photovoltaic projects across multiple provinces[14]. - Future outlook includes maintaining high effective equity interests and increasing installed capacity in key regions[14]. - The company is exploring new technologies and products to enhance operational efficiency and sustainability in energy production[14]. - The company aims to enhance service capabilities and customer loyalty while expanding its power sales business in response to market reforms[38]. - The company plans to actively stock up on quality wind and solar power resources in Northern, Northeastern, and Northwestern China, as well as offshore locations, to drive earnings growth[37]. - The Group plans to accelerate the construction of wind power projects in response to the government's grid parity policy starting in 2021[176]. Governance and Leadership - The company has a diverse board with members holding qualifications from prestigious institutions, enhancing governance and oversight[52]. - The board includes members with significant experience in various sectors, including law, finance, and public service, contributing to strategic decision-making[53]. - The company has a strong leadership team with diverse backgrounds in finance, governance, and industry experience, enhancing its strategic decision-making capabilities[54][55][57][58]. - The management team collectively brings decades of experience in the energy sector, which is critical for navigating market challenges and opportunities[62]. - The leadership team's diverse expertise positions the company well for future challenges and opportunities in the energy sector[65]. Risks and Compliance - The Group faces various risks, including operational, policy, industry, market, business, and financial risks, which are outlined in the report[69]. - The Group has complied with all relevant laws and regulations that significantly impact its operations during the year ended December 31, 2019[75]. - The company has complied with the disclosure requirements regarding connected transactions for the year ended December 31, 2019[147]. - The auditor issued an unqualified letter regarding the continuing connected transactions disclosed by the group[141].

Financial Performance - For the six months ended June 30, 2019, the basic earnings per share increased to HK$83.52, up 34.8% from HK$61.92 in the same period of 2018[9]. - The total turnover for the first half of 2019 was HK$32,916,036, a decrease of 16.1% compared to HK$39,307,766 in the first half of 2018[9]. - Profit attributable to owners of the Company reached HK$4,017,785, representing a significant increase of 35.7% from HK$2,959,127 in the previous year[9]. - The total net generation volume for the first half of 2019 was 92,065,723 MWh, down from 95,600,386 MWh in the same period of 2018[9]. - Operating profit for the period was HK$6,780,204, slightly up from HK$6,666,052 in 2018, while profit for the period attributable to owners of the Company increased to HK$4,017,785 from HK$2,959,127[71]. - The Group's net profit for the first half of 2019 was approximately HK$4,018 million, representing an increase of 35.8% compared to HK$2,959 million in the first half of 2018[127][128]. - Total comprehensive income for the period was HK$3,767,334, an increase of 54.4% from HK$2,439,169 in 2018[168]. Operational Capacity and Generation - The attributable operational generation capacity as of June 30, 2019, was 38,005 MW, with 33.0% located in Eastern China and 28.5% in Central China[10]. - The total gross generation for the operating power plants was 97,655,398 MWh, a decrease of 3.9% from 101,148,049 MWh in the first half of 2018[9]. - The company operated 38 coal-fired power plants, 94 wind farms, 21 photovoltaic power plants, 2 hydroelectric plants, and 3 gas-fired power plants as of June 30, 2019[5]. - Clean energy capacity, including wind, hydro, photovoltaic, and gas-fired power, reached 8,616 MW, accounting for 22.7% of total capacity, an increase of 2.3 percentage points from the end of 2018[28]. - In the first half of 2019, CR Power newly commissioned 936 MW of wind power, increasing its attributable operational generation capacity of wind power projects to 7,752 MW, a 13.7% increase compared to the end of 2018[31]. Financial Position and Debt Management - The net debt to shareholders' equity ratio improved to 130.0% from 138.3% in 2018, indicating better financial leverage management[10]. - Cash and cash equivalents stood at HK$6,503,145, down from HK$8,100,333 in the previous year[10]. - The total assets of the Company were HK$215,409,912, a decrease from HK$227,997,347 in 2018[10]. - The Group's total liabilities amounted to HK$134,254,464, compared to HK$130,938,556 at the end of 2018, indicating a rise of approximately 2.5%[172]. - Borrowings decreased slightly to HK$67,966,024 from HK$69,210,171, a reduction of about 1.8%[172]. Investment and Expansion Plans - The company is expanding its coal-fired power generation capacity with multiple projects, including a 1,000MW plant in Cangnan and a 600MW plant in Hezhou[22]. - Future guidance indicates continued growth in both traditional and renewable energy sectors, with specific targets for capacity increases[22]. - The company plans to enhance its research and development efforts to innovate in energy production technologies[22]. - Future expansion plans include increasing capacity in Shandong and Liaoning provinces, targeting a combined additional capacity of 1,000 MW[23]. - The company aims to enhance its market presence through strategic acquisitions and partnerships in the renewable energy sector[23]. Environmental and Sustainability Initiatives - The company is focusing on accelerating the development of wind power and increasing the proportion of clean and renewable energy[27]. - Technological transformation and innovation in energy conservation of coal-fired power plants are being prioritized to reduce emissions and improve energy efficiency[27]. - The company aims to increase the proportion of clean energy to about 28% of its attributable operational generation capacity by 2020[44]. - The net generation average coal consumption rate of subsidiary coal-fired power plants was 296.2 g/kWh, a decrease of 2.1 g/kWh compared to the same period in 2018, with emissions of sulfur dioxide, nitrogen oxide, and particulates decreasing by 12.1%, 5.9%, and 1.1% respectively[36]. Cash Flow and Dividends - Cash generated from operations for the six months ended June 30, 2019, was HK$5,046,750, compared to HK$4,811,413 for the same period in 2018, reflecting an increase of 4.9%[79]. - An interim dividend of 20 HK cents per share was declared for the six months ended June 30, 2019, up from 12.5 HK cents per share in 2018, totaling approximately HK$962 million[132]. - The company reported dividends received from associates and joint ventures totaling HK$1,008,218, a significant increase from HK$178,807 in the same period of 2018[177]. Accounting and Regulatory Changes - The Group adopted HKFRS 16 Leases retrospectively from January 1, 2019, resulting in the recognition of lease liabilities previously classified as operating leases[185]. - The lease liability recognized as of January 1, 2019, amounted to HK$434,151,000, with current lease liabilities of HK$117,672,000 and non-current lease liabilities of HK$316,479,000[191]. - The accounting policies adopted are consistent with those of the previous financial year, except for the estimation of income tax and the adoption of new standards[2].

Financial Performance - In 2018, the turnover of China Resources Power Holdings was HK$76,940,125, an increase from HK$73,311,677 in 2017, representing a growth of approximately 3.6%[9] - The profit attributable to owners of the Company decreased to HK$3,950,435 in 2018 from HK$4,623,323 in 2017, reflecting a decline of about 14.5%[9] - Basic earnings per share attributable to owners of the Company were HK$0.83 in 2018, down from HK$0.97 in 2017, indicating a decrease of approximately 14.4%[9] - The equity attributable to owners of the Company was HK$70,135,314 in 2018, a decrease from HK$75,213,819 in 2017[9] - Cash and cash equivalents increased to HK$7,977,153 in 2018 from HK$5,381,686 in 2017, showing a growth of approximately 48.5%[9] - The dividend per share was HK$0.328 in 2018, down from HK$0.875 in 2017, reflecting a decrease of about 62.6%[9] - The company's revenue for 2018 was HK$76.94 billion, with a net profit attributable to owners of the company of HK$3.95 billion, resulting in a basic earnings per share of HK$0.83[36] Operational Capacity - The total attributable operational generation capacity of the Company was 37,438 MW as of December 31, 2018, with 33.3% located in Eastern China[19] - Clean and renewable energy capacity accounted for 7,623 MW, representing about 20.4% of the total operational generation capacity[19] - The Company operated 38 coal-fired power plants, 83 wind farms, 20 photovoltaic power plants, 2 hydroelectric plants, and 2 gas-fired plants as of the end of 2018[19] - The operational generation capacity covered 28 provinces, autonomous regions, and municipalities in China, totaling 37,438 MW, with coal-fired generation units accounting for 79.6%[38] - As of the end of 2018, the company operated a total installed capacity of 37,438 MW, with coal-fired units accounting for 79.6% and renewable energy sources (wind, hydro, solar, and gas) making up 20.4%, an increase of 3 percentage points from the end of 2017[40] Renewable Energy Initiatives - The company is focusing on expanding its renewable energy portfolio, particularly in wind and photovoltaic sectors across various provinces[27] - In 2018, the newly commissioned generation capacity of wind power projects reached 1,187 MW and photovoltaic power projects reached 173 MW, marking a record-high in development, construction, and grid-connection capacity[34] - As of the end of 2018, clean and renewable energy accounted for 20.4% of the total attributable operational generation capacity, an increase of 3 percentage points compared to the end of 2017[36] - The company aims to contribute to the national poverty alleviation efforts by integrating wind power development with local poverty alleviation initiatives[56] Environmental and Safety Measures - The company invested RMB 1.52 billion in environmental protection in 2018, resulting in a 1.2% reduction in coal consumption rate for power generation to 299.54 g/kWh[47] - Emission rates for sulfur dioxide, nitrogen oxides, and particulates from coal-fired generation units were 0.08 g/kWh, 0.13 g/kWh, and 0.01 g/kWh respectively, with reductions of 20% and 23.5% for sulfur dioxide and nitrogen oxides compared to the previous year[47] - The company implemented safety measures with an investment of RMB 312 million in 2018, leading to an 80% reduction in incidents resulting in injuries and deaths compared to the previous year[50] Corporate Governance and Leadership - The company has a diverse board with members having extensive backgrounds in finance, law, and public service, enhancing its governance and strategic direction[80] - The board includes members with international experience, such as Dr. Ch'ien, who has served on various significant committees and councils[83] - The company emphasizes the importance of independent directors in maintaining corporate governance and accountability[77] - The Group's strategic development is overseen by experienced executives, ensuring effective management and operational efficiency[106] Stakeholder Engagement and Community Contributions - The company held nearly 100 open house activities throughout the year, engaging 1,735 stakeholders from various sectors to showcase its renewable energy efforts and community contributions[55] - The company actively engaged in poverty alleviation, helping 830 families and sponsoring 54 villages through its wind power projects[53] - The company is committed to enhancing its operational efficiency through experienced leadership in energy sectors[90] Financial Transactions and Related Parties - The Group's total borrowings as of December 31, 2018, amounted to HK$96,675,137,000, a decrease from HK$100,922,869,000 in 2017[129] - The Group issued corporate bonds and notes with a face value of RMB12,285,000,000 (equivalent to HK$14,020,748,000) as of December 31, 2018, down from RMB16,285,000,000 (equivalent to HK$19,481,746,000) in 2017[130] - The company confirmed that all related party transactions were approved by the board and complied with the company's pricing policy[176]