CHINA RES POWER(HK:00836) 智通财经网·2025-08-21 04:44Core Insights - The company reported a revenue of HKD 50.267 billion for the first half of 2025, a decrease of 1.67% year-on-year, with a profit attributable to shareholders of HKD 7.872 billion, down 15.92% year-on-year [1] - The company plans to distribute an interim dividend of HKD 0.356 per share [1] Group 1: Capacity and Generation - As of June 30, 2025, the company managed a total installed capacity of 88,931 MW, with an equity installed capacity of 78,094 MW [1] - The equity installed capacity for thermal power generation was 39,139 MW, accounting for 50.1% of the total, while renewable energy sources (wind, solar, and hydro) accounted for 49.9% with a total capacity of 38,955 MW, an increase of 2.7 percentage points from the end of 2024 [1] - The wind power equity installed capacity was 25,549 MW, with an additional 8,679 MW under construction; the solar power equity installed capacity was 12,966 MW, with 6,515 MW under construction [1] Group 2: Sales and Utilization - In the first half of 2025, the subsidiary power plants sold 102 million MWh of electricity, an increase of 3.8% compared to 98.2396 million MWh in the first half of 2024 [2] - The sales volume for wind, solar, and hydro power plants increased by 15.5%, 31.3%, and 50.9% respectively compared to the same period in 2024 [2] - The average utilization hours for wind power plants were 1,268 hours, up 45 hours or 3.7% year-on-year, exceeding the national average by 181 hours [2] Group 3: Pricing - The average on-grid electricity price for the subsidiary coal-fired power plants was RMB 391.2 per MWh, a decrease of 6.1% year-on-year [3] - The average on-grid electricity price for subsidiary wind power plants was RMB 396.8 per MWh, down 11.0% year-on-year [3] - The average on-grid electricity price for subsidiary solar power plants was RMB 304.9 per MWh, also down 6.1% year-on-year [3]