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Public company info - China Power International Development Ltd. , 02380.HK
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China Power International Development Ltd., 02380.HK - Company Profile
Chairman He Xi
Share Issued (share) 10,833,000,000
Par Currency
Par Value 0.0
Industry Electricity Supply
Corporate Profile Business Summary: The Group is principally engaged in investment holdings, generation and sales of electricity and the development of power plants in The People’s Republic of China (the “PRC”). Performance for the year: IIn 2020, the net profit of the Group amounted to RMB2,925,551,000, representing an increase of RMB724,401,000 or 32.91% as compared with the previous year.In 2020, the Group recorded a revenue of RMB28,427,721,000, representing an increase of 2.39% as compared with RMB27,763,287,000 of the previous year. Business Review In 2020, the national total electricity consumption in China rose by 3.1% year-on-year and the national power generation recorded a year-on-year increase of 4.0%, among which, hydropower, wind power, photovoltaic power and coal-fired power grew by 4.1%, 15.1%, 16.6% and 2.5% respectively. In 2020, the profit attributable to equity holders of the Company amounted to RMB1,708,305,000, representing an increase of 33.01% as compared with the previous year. Basic earnings per share was approximately RMB0.17 (2019: RMB0.13). As at 31 December 2020, net assets per share (excluding non-controlling interests) was approximately RMB3.10. With the Group’s new energy projects entered into a period of concentrated official commercial production, return on investment unleashed gradually and the proportion of profits contributed by the new energy projects has continued to increase. The electricity sales of photovoltaic power and wind power increased year-on-year by 44.45% and 23.30%, respectively. The electricity sales of hydropower also recorded a significant year-on-year increase of 16.83% as a result of abundant rainfall in the river basins where the Group’s hydropower plants are located during the second half of the year. The profit attributable to equity holders of the Company for the year ended 31 December 2020 increased by RMB423,924,000 to RMB1,708,305,000, representing an increase of 33.01% from 2019. Prospects: In 2021, the Group will prioritize the following tasks: Unlocking potentials and enhancing efficiency to improve the overall performance. The Group will normalize its efforts to contain the pandemic and oversee the progress of safe production in strive for enhancing quality and efficiency. Strengthened efforts will be made to increase efficiency of marketing in the electricity market as well as the planning and coordination for maintaining both power generation and electricity tariffs. the Group will take full advantage of cascade adjusting watershed management of hydropower to realize stable hydropower generation; to promote the consumption of renewable energy and ensure full release of all the potential efficiency of newly-added renewable energy; to improve the operation efficiency of coal-fired power generating units and enhance its ability in terms of securing fuel supply and cost control; and to increase the efficiency of capital use, reduce costs of capital and secure sufficient funds through reasonable use of domestic and international financing markets. Accelerating transformational development to develop green and low-carbon intelligent energy. Focusing on its principal business of clean energy, the Group will accelerate the increase in reserve and development of renewable energy grid parity projects by pushing forward the construction of Shanxi Datong Zero Carbon Green Energy Base and Liaoning Chaoyang Intelligent and Ecological New Energy Demonstration Base. It will also put greater efforts in the technical upgrade of coal-fired power in a bid to realize the Company’s goal for “Carbon Emission Peak” as soon as possible. Emphasis will be placed on management of carbon assets, based on which the Group will scientifically estimate and measure the carbon emission indicators of various departments, and examine the strategies for carbon trading in the future. The Group will also focus its resources on new technologies and new business models so as to actively expand the research and application of new technologies. the Group will gear up the development of Sichuan Deyang Combustion Engine Technological Innovation Project with a view to realizing the launch of this first national key technology demonstration project of co-generation of electricity and heat soon. Optimizing asset structure to enhance the risk aversion ability. The Group will continue to increase the proportion of clean energy by means of self-construction, merger and acquisition, and hence increase the revenue and profit contribution from clean energy. It will gradually reduce the proportion of coal-fired power by actively introducing investors such as upstream and downstream enterprises and industrial funds, and reduce the proportion of shareholdings in coal-fired power assets by pushing forward the disposal and divestment of inefficient and non-performing assets. Meanwhile, the Group will conduct in-depth studies on the pilot scheme of real estate investment trusts (REITs) in the infrastructure sector initiated by the state government level and further optimize the Group's shareholding structure by reducing the gearing ratio of traditional coal-fired power assets. Promoting the reform of systems and mechanisms to bolster motivation for high-quality development. The Group will further promote the development of the management and control system of “Plan-Budget-Appraisal-Incentives”, improve the market-oriented operation mechanism, put more efforts in the development of human resources and optimize the incentive mechanism so as to foster corporate vitality. Furthermore, by coordinating its innovative resources, the Group will press ahead with the building of a corporation that embodies technological innovation and professional operation.

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