Financial Performance - For the six months ended June 30, 2021, CR Power reported a turnover of HK$42,239,124, a significant increase from HK$31,184,879 in the same period of 2020, representing a growth of approximately 35.5%[10]. - Basic earnings per share for the first half of 2021 were HK 106.13 cents, up from HK 94.15 cents in the first half of 2020, reflecting an increase of about 12.9%[10]. - Profit attributable to owners of the Company for the six months ended June 30, 2021, was HK$5,105,487, compared to HK$4,528,857 in the same period of 2020, marking an increase of approximately 12.7%[10]. - Total gross generation from operating power plants for the first half of 2021 was 114,442,088 MWh, up from 93,295,071 MWh in the first half of 2020, indicating a growth of around 22.6%[10]. - The company reported an equity attributable to owners of the company of HK$90,530 million in 1H21, compared to HK$73,458 million in 1H20, marking a growth of 23.3%[15]. - The total comprehensive income for the period, net of tax, was HK$6,824,884 for the six months ended June 30, 2021, compared to HK$2,380,143 in 2020, indicating a significant increase[78]. - The Group's profit before income tax for the first half of 2021 was HK$6,055 million, with a profit attributable to owners of the Company of HK$5,261 million[102]. - The Group's core business profit attributable to owners of the Company was HK$5,277 million for the first half of 2021[102]. Renewable Energy Development - As of June 30, 2021, CR Power's total attributable operational generation capacity was 47,063 MW, with renewable energy sources (wind, hydro, and photovoltaic) accounting for 14,936 MW, or approximately 31.7% of the total capacity[4][10]. - The company is focusing on expanding its market presence in renewable energy sectors, including wind, hydroelectric, and photovoltaic power[20]. - The company aims to achieve carbon peak and carbon neutrality through an innovative green transition plan, aligning with national sustainability goals[4]. - The company is actively pursuing opportunities for mergers and acquisitions to strengthen its market position and diversify its energy portfolio[20]. - The Group aims to increase its installed capacity of renewable energy by 40 GW over the next five years, targeting over 50% of total capacity from renewable sources by the end of 2025[64]. - The renewable energy segment's external sales revenue was HK$10,184,753 for the first half of 2021, compared to HK$6,429,988 in the same period of 2020, reflecting a growth of approximately 58.5%[198]. Financial Position and Debt Management - The net debt to shareholders' equity ratio improved to 120.5% as of June 30, 2021, down from 136.1% in 2020, indicating a strengthening of the Company's financial position[11]. - The Group's total borrowings as of June 30, 2021 amounted to HK$113.44 billion, an increase from HK$108.22 billion as of December 31, 2020[132]. - The Group's cash flow from financing activities included proceeds from bank borrowings of HK$22,789,053 and repayments of HK$30,335,639[84]. - The Group's capital structure management aims to optimize debt and equity structures while maximizing shareholder returns[128]. - The Group's cash and cash equivalents at the end of the period were HK$4,326,081, compared to HK$4,164,948 at the end of the previous period[174]. Operational Efficiency and Cost Management - Total operating expenses for the first half of 2021 amounted to HK$36,104 million, representing an increase of HK$11,027 million or 44.0% from HK$25,077 million in the first half of 2020[104]. - Fuel costs increased by HK$8,686 million or 63.0% from HK$13,782 million in the first half of 2020 to HK$22,468 million in the first half of 2021, primarily due to a 29.8% year-on-year increase in the average unit cost of standard coal[105]. - Depreciation and amortisation rose by HK$1,413 million or 25.3% from HK$5,592 million in the first half of 2020 to HK$7,005 million in the first half of 2021, mainly due to the commissioning of numerous wind power projects[106]. - Employee benefit expenses increased by HK$239 million or 8.6% from HK$2,784 million in the first half of 2020 to HK$3,023 million in the first half of 2021, driven by new wind power projects and the appreciation of RMB against HKD[106]. Sustainability and Corporate Responsibility - CR Power has been included in the Hang Seng ESG 50 Index and the Hang Seng Corporate Sustainability Benchmark Index for two consecutive years, reflecting its commitment to sustainable development[5]. - The Company has published sustainability reports for 11 consecutive years, continuously reviewing its performance and striving to improve its sustainable development practices[5]. - The company contributed approximately RMB 7.59 million to social welfare activities, including education and poverty relief, in the first half of the year[45]. - The company is committed to achieving carbon peak and carbon neutrality goals while exploring carbon capture, utilization, and storage technologies[50]. Future Outlook - Future outlook remains positive with projected growth in both turnover and profit margins as the company expands its service areas and operational capacity[20]. - The company plans to continue investing in new technologies and product development to maintain competitive advantage in the energy market[20]. - The Group's carbon emissions are projected to peak in 2025, with strategies including the development of renewable energy and the implementation of carbon capture technologies[67].

Operational Capacity and Generation - As of December 31, 2020, CR Power's total attributable operational generation capacity was 43,365 MW, with renewable energy sources (wind, hydro, and photovoltaic) accounting for approximately 25.9% of this capacity[2]. - The company's attributable generation capacity from grid-connected wind, hydro, and photovoltaic projects amounted to 11,238 MW, representing about 31.1% of its total operational generation capacity[2]. - The company's operational generation capacity distribution includes 29.1% in Eastern China, 27.6% in Central China, 17.2% in Southern China, 15.2% in Northern China, 5.3% in Northeastern China, 3.4% in Southwestern China, and 2.1% in Northwestern China[2]. - CR Power operates 37 coal-fired power plants, 119 wind farms, 25 photovoltaic power plants, 2 hydro-electric power plants, and 3 gas-fired power plants[2]. - The company's renewable energy projects are concentrated in affluent regions or areas with abundant coal resources in China[2]. - The total attributable operational generation capacity was 43,365 MW as of December 31, 2020, an increase from 40,392 MW in 2019, marking a growth of 4.9%[24]. - Renewable energy attributable operational generation capacity reached 11,238 MW in 2020, up from 9,420 MW in 2019, showing a significant increase of 19.3%[24]. - In 2020, the attributable installed capacity of new grid-connected wind power reached a record high of 4,168 MW, while photovoltaic power reached 279 MW, totaling 4,447 MW[172]. - The Group actively expanded onshore and offshore wind power projects, with several projects commencing preliminary works[173][174]. Financial Performance - Basic earnings per share attributable to owners of the Company increased to HK$1.58 in 2020 from HK$1.37 in 2019, representing a growth of 15.4%[14]. - Turnover for the Company reached HK$69,550,811,000 in 2020, up from HK$67,757,632,000 in 2019, indicating a year-on-year increase of 2.6%[14]. - Profit attributable to owners of the Company rose to HK$7,582,668,000 in 2020, compared to HK$6,590,345,000 in 2019, reflecting a growth of 15.0%[14]. - The company's turnover for 2020 was HK$69.55 billion, representing a year-on-year increase of 2.6%[36]. - Profit attributable to owners of the company was HK$7.58 billion, reflecting a year-on-year increase of 15.1%[36]. - Core profit attributable to shareholders amounted to HK$9.755 billion, representing an increase of 9.8% compared to 2019[37]. - The net profit contribution from renewable energy business amounted to HK$4.193 billion, a significant increase of 43.7% from HK$2.917 billion in 2019, accounting for approximately 50.1% of total profit[36]. - The annual heat sales increased by 10.52% year-on-year to 111 million GJ, with turnover from heat supply operations amounting to HK$5.626 billion, representing a 9.4% increase from the previous year[41]. Sustainability and Corporate Governance - CR Power was selected for the first time as a constituent of the Hang Seng ESG 50 Index and the Hang Seng Corporate Sustainability Benchmark Index, effective September 7, 2020[4]. - The inclusion in the Hang Seng ESG 50 Index reflects CR Power's commitment to sustainable development and its performance in environmental, social, and governance aspects[9]. - CR Power has published sustainability reports for 11 consecutive years, continuously reviewing its performance to enhance sustainable development practices[9]. - The company's strategy integrates environmental, social, and governance responsibilities into its operations, aiming to create long-term value[9]. - The company is researching pathways and timelines for achieving peak carbon dioxide emissions and carbon neutrality in line with the United Nations Sustainable Development Goals[31]. - The Group emphasizes compliance with legal and regulatory requirements, having complied in all material respects with relevant laws and regulations during the year ended 31 December 2020[84]. - The Group's environmental policies focus on sustainability, resource conservation, and the development of clean and renewable energy projects[83]. Investments and Future Growth - The company aims to increase its renewable energy installed capacity by 40 GW during the "14th Five-Year Plan" period, targeting over 50% of total installed capacity by the end of 2025[53]. - Future growth is anticipated through the development of new technologies and market expansion initiatives[25]. - The company plans to enhance its clean energy capacity and improve operational efficiency through technological innovation and new business models[56]. - The Group aims to increase its installed capacity of renewable energy by 40 million kW over the next five years, targeting over 50% renewable energy capacity by the end of 2025[192]. - The Group expects to commission 515 MW of coal-fired and gas-fired power generation units in 2021, including a 660 MW ultra-supercritical unit[198]. Leadership and Management - Mr. Tang Yong was appointed as Executive Director and President in December 2019, bringing extensive experience from China Resources Land Limited[61]. - The company emphasizes its commitment to corporate governance and strategic management through its experienced leadership team[61][62][64][65]. - The leadership team collectively holds advanced degrees, including MBAs from prestigious institutions, enhancing their strategic decision-making capabilities[63][64][65]. - The management team has a strong background in finance, strategy, and corporate governance, which supports the company's growth initiatives[62][64][65]. Charitable Contributions and Community Engagement - The company donated a total of RMB20 million to Haiyuan County, Ningxia for the construction of public welfare forests, contributing to ecological improvement[48]. - During the "13th Five-Year Plan" period, the company contributed over RMB200 million in poverty alleviation funds, benefiting more than 18,000 families[47]. - In 2020, the company donated approximately RMB 175 million to various social causes, including poverty alleviation and education[51]. - The company has created over 2,000 jobs in local communities through its poverty alleviation initiatives[50]. Related Party Transactions - Significant related party transactions included interest expenses paid to CRH amounting to HKD 145.56 million and direct power supply transactions totaling HKD 144,000[154]. - The company confirmed that all continuing connected transactions were fair and reasonable for the shareholders as a whole[149]. - The Group's total rent paid to CRH and its associates for leasing office space for the year ended December 31, 2020, was RMB80.49 million (approximately HK$90.15 million)[143].

Operational Capacity and Generation - As of June 30, 2020, CR Power operated 36 coal-fired power plants, 104 wind farms, 23 photovoltaic power plants, 2 hydro-electric plants, and 3 gas-fired power plants, with a total controlled generation capacity of 50,022 MW[4]. - The total attributable operational generation capacity was 41,630 MW, with 29.7% located in Eastern China, 27.9% in Central China, 17.3% in Southern China, 15.0% in Northern China, 4.7% in Northeastern China, 3.5% in Southwestern China, and 2.0% in Northwestern China[4]. - The combined attributable operational generation capacity of wind, hydro-electric, and photovoltaic power was 10,148 MW, accounting for approximately 24.4% of the total attributable operational generation capacity[4]. - The attributable operational generation capacity increased to 41,630 MW, up from 38,005 MW in the same period of 2019[20]. - The Company had a total controlled generation capacity of 50,022 MW as of June 30, 2020[21]. - The total installed capacity across various power plants is 20,000.0 MW, with an effective equity interest of 100% in several projects[22]. - Jiangsu province has a total attributable installed capacity of 6,000.0 MW, with significant contributions from Changshu and Nanjing Thermal plants[22]. - Henan province's total attributable installed capacity is 4,000.0 MW, with notable projects including Dengfeng and Jiaozuo Longyuan[22]. - Guangdong province has a total attributable installed capacity of 5,000.0 MW, with major contributions from Haifeng and Liyujiang projects[22]. - Hubei province's total attributable installed capacity is 2,600.0 MW, including the Hubei Phase II project with 2,000.0 MW[22]. - The company maintains a 100% effective equity interest in multiple photovoltaic projects across various provinces, contributing to renewable energy capacity[22]. - The company is expanding its wind energy portfolio, with several projects in Henan and Guangdong provinces showing strong capacity figures[22]. - The effective equity interest in Nantong Wind and Yancheng Wind projects is 100%, contributing 65.5 MW and 44.0 MW respectively[22]. - The effective equity interest in the wind power plants in Liaoning province is 100%, contributing a total of 1,200 MW installed capacity[23]. - The company operates power plants across multiple provinces, including Hebei, Shandong, and Guangxi, with significant contributions from wind and photovoltaic energy sources[23]. Financial Performance - For the six months ended June 30, 2020, the turnover was HK$31,184,879, a decrease of 5.3% from HK$32,916,036 in the same period of 2019[16]. - Profit attributable to owners of the Company for the same period was HK$4,528,857, representing an increase of 12.7% compared to HK$4,017,785 in 2019[16]. - Basic earnings per share increased to 94.15 HK cents, up from 83.52 HK cents in the first half of 2019, marking an increase of 12.8%[16]. - Total gross generation volume for operating power plants was 93,295,071 MWh, while total net generation was 88,043,101 MWh[16]. - As of June 30, 2020, total assets amounted to HK$224,218,411, an increase from HK$215,409,912 in 2019[16]. - The equity attributable to owners of the Company was HK$73,458,001, slightly up from HK$72,964,850 in 2019[16]. - The net debt to shareholders' equity ratio was 136.1%, an increase from 130.0% in the previous year[16]. - EBITDA interest coverage improved to 6.45 times, compared to 5.21 times in the first half of 2019[16]. - Operating profit increased to HK$7,345,716, compared to HK$6,780,204 in 2019, reflecting a growth of about 8.3%[79]. - Total comprehensive income for the period was HK$2,380,143, down from HK$3,767,334 in 2019, a decrease of approximately 36.8%[82]. - Non-current assets increased to HK$189,881,287 as of June 30, 2020, from HK$186,166,238 at the end of 2019, reflecting a growth of about 1.5%[85]. - Current assets totaled HK$34,337,124, an increase from HK$29,569,488 at the end of 2019, representing a growth of approximately 16.0%[88]. - Total liabilities rose to HK$136,711,249 thousand as of June 30, 2020, up from HK$129,019,713 thousand at the end of 2019[25]. - The Group's net profit increased by 12.7% to HK$45.29 billion for the six months ended June 30, 2020, compared to HK$40.18 billion in the same period last year[97]. - Segment revenue from thermal power was HK$24.75 billion, while renewable energy segment revenue was HK$6.43 billion, totaling HK$31.18 billion[114]. - Segment profit for thermal power was HK$4.01 billion, and for renewable energy was HK$3.69 billion, leading to a total profit before income tax of HK$6.01 billion[114]. Sustainability and ESG Initiatives - CR Power was selected as a constituent of the Hang Seng ESG 50 Index and the Hang Seng Corporate Sustainability Benchmark Index for the first time, effective September 7, 2020[8]. - The selection for the Hang Seng ESG 50 Index focuses on sustainability performance, with only 50 out of over 2,000 listed companies in Hong Kong included[9]. - CR Power has published sustainability reports for 10 consecutive years, demonstrating its commitment to environmental, social, and governance responsibilities[10]. - The company's inclusion in the Hang Seng ESG 50 Index reflects recognition of its sustainable development efforts by the capital markets[10]. - CR Power's operational generation capacity is diversified across various energy sources, enhancing its resilience and sustainability[4]. - The company aims to improve its sustainable development practices continuously, laying a solid foundation for long-term value creation[10]. - CR Power's strategic focus includes expanding its clean and renewable energy projects in affluent regions and areas with abundant coal resources in China[5]. Technological Advancements and Innovations - CR Power is focusing on technological transformation and innovation to improve energy efficiency and reduce emissions[26]. - The company is focusing on advanced technologies for energy storage and hydrogen energy to capture new business opportunities[56]. - The company continues to promote technological innovation in energy conservation and has increased investment in environmental protection upgrades[36]. - As of June, 9 out of 10 regions achieved centralized operation and maintenance of new energy, with 98% of wind turbines included in the centralized monitoring system, and the man-to-turbine ratio increased to 4.43 units per person[33]. Market Expansion and Future Growth - Future growth is anticipated through continued investment in renewable energy projects and potential market expansions in various provinces[22]. - The company plans to actively participate in pilot spot markets for electricity sales and expand its customer base to enhance core competencies in spot trading[56]. - The company is actively developing offshore wind power projects in addition to onshore projects[31]. - In the second half of the year, the company aims to complete a large number of wind power projects and increase the share of renewable energy generation capacity[50]. Employee and Community Engagement - The company has donated approximately RMB 45.79 million to various charitable causes, including RMB 8 million for the construction of Ningxia Haiyuan Ecological Park[43]. - The Group had approximately 21,108 employees as of June 30, 2020[182]. - The Group has entered into employment contracts with all employees, with compensation primarily consisting of salaries and performance-based bonuses[182].

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]