Zhi Tong Cai Jing·2025-08-04 08:49Core Viewpoint - Morgan Stanley reports that CLP Holdings (00002) has a mid-year net profit of HKD 5.6 billion, a 6% decrease from HKD 6 billion in the same period last year [1] Financial Performance - Excluding a fair value loss of HKD 35 million from EnergyAustralia, the operating profit stands at HKD 5.2 billion, reflecting an 8% year-on-year decline [1] - The interim dividend per share for CLP remains unchanged at HKD 1.26 [1] Regional Performance - Operating profit from CLP's Hong Kong business increased by 6% to HKD 4.6 billion year-on-year [1] - Operating profit from mainland China decreased by 12% to HKD 870 million, attributed to low electricity prices in Yangjiang and weaker wind resources leading to reduced renewable energy generation [1] Australian Operations - Operating profit from the Australian business fell by 73% to HKD 167 million, due to intense retail competition impacting profit margins, the end of coal compensation in 2024 leading to increased coal costs, and reduced generation from the Mount Piper and Yallourn coal-fired power plants due to outages [1]