Core Viewpoint - Green Power (601330) has shown a significant increase in stock price, rising by 7.56% to HKD 4.84, with a trading volume of HKD 15.83 million, following the release of its mid-year performance for 2025 [1] Group 1: Financial Performance - For the first half of 2025, the company reported a revenue of CNY 1.684 billion, reflecting a year-on-year increase of 1.41% [1] - The net profit attributable to shareholders reached CNY 377 million, marking a substantial growth of 24.49% [1] - The weighted Return on Equity (ROE) was 4.56%, an increase of 0.77 percentage points [1] Group 2: Revenue Drivers - The company achieved revenue growth despite a decline in construction income, with construction revenue for the first half of 2024 at CNY 23 million and no construction revenue in the first half of 2025 [1] - Key contributors to revenue growth included an increase in sludge expansion, higher garbage volume, increased steam supply, and enhanced sales from leachate biogas purification [1] - Operating revenue for the same period increased by CNY 46 million, a year-on-year rise of 2.83% [1] Group 3: Dividend and Cash Flow - The current dividend yield for the company is 6.87% for Hong Kong shares and 4.29% for A-shares [1] - Free cash flow continued to strengthen in the first half of 2025, indicating potential for increased dividends [1] Group 4: Business Expansion - The company has been actively expanding its non-electricity businesses, particularly in heating, to mitigate the impact of national subsidy reductions [2] - In the first half of 2025, the steam supply business saw rapid growth, with a total supply of 513,800 tons, representing a significant year-on-year increase of 114.98% [2] - Several projects in the heating sector achieved breakthroughs, contributing to a notable increase in profits due to the high margin and quality cash flow associated with this business [2]

智通财经APP获悉，绿色动力环保(01330)涨超7%，截至发稿，涨7.56%，报4.84港元，成交额1582.57万 港元。 消息面上，近日，绿色动力环保发布2025年中期业绩。东吴证券指出，2025H1公司营业收入 16.84亿元(同比+1.41%，下同)，归母净利润3.77亿元(+24.49%)，ROE(加权)为4.56%(+0.77pct)。公司营 收在对冲建造下滑的基础上实现进一步增长(24H1建造收入0.23亿元，25H1无建造收入)，主要系污泥拓 展垃圾量提升、供汽量增加、渗滤液沼气提纯销售实现增收，25H1同口径下运营收入同比+0.46亿元， 同比+2.83%。当前公司港股股息率(ttm)6.87%，A股股息率(ttm)4.29%，25H1自由现金流持续增厚，分 红仍有提升空间。 方正证券认为，公司大力开拓供热等非电业务，以有效降低国补退坡带来的影响。2025年上半年，公司 供汽业务实现快速增长，累计供汽量达51.38万吨，同比大幅增长114.98%，成为业绩增长的核心引擎。 多个项目供热业务取得突破，其中蓟州、肇庆公司实现对外供汽，常州公司移动供热增量明显，乳山项 目已基本转为全部供气。供热 ...