智通财经网·2025-08-04 08:48Core Viewpoint - Morgan Stanley reported that CLP Holdings (00002) experienced 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 - Operating profit, excluding a fair value loss of HKD 35 million from EnergyAustralia, was HKD 5.2 billion, down 8% year-on-year [1] - The interim dividend per share for CLP remained stable at HKD 1.26, unchanged from the previous year [1] Regional Performance - CLP's operating profit in Hong Kong increased by 6% year-on-year to HKD 4.6 billion, while operating profit in mainland China decreased by 12% to HKD 870 million [1] - The decline in mainland China was attributed to lower electricity prices in Yangjiang and weaker wind resources leading to reduced renewable energy generation [1] Australia Operations - Operating profit from the Australian business fell by 73% to HKD 167 million [1] - Contributing factors included intense retail competition affecting profit margins, the end of coal compensation in 2024 leading to increased coal costs, and reduced generation due to outages at Mount Piper and Yallourn coal-fired power plants in New South Wales [1]