On the afternoon of March 21, CR Power published its annual performance as of December 31, 2015.
In 2015, in the context of slowed-down domestic economic growth, CR Power insisted on “steady progress” as its development idea. The company focused on its strategic plan during the “12th Five-Year Plan” period as well as its annual business plan, with the core being the improvement of development quality and economic benefit. It has continuously optimized its business structure, deeply implemented lean management, and constantly improved its level of operation and management and its risk control ability. This resulted in the historical high levels of main economic and technical indices. Throughout the year, CR Power achieved a business turnover of HKD 71.436 billion, a year-on-year increase of 1.1%; net profit of HKD 10.025 billion, a year-on-year increase of 8.8%; and basic per-share earnings of HKD 2.1, a year-on-year increase of 8.2%. According to the resolution of the Board of Directors, it’s recommended that the final dividend was HKD 0.75 per share.
In 2015, CR Power put five new units into operation, including 3,360MW thermal power unit(s), 681MW wind power unit(s) and 20MW photovoltaic power unit(s). Therefore, the total installed capacity with power generation and operation interests increased by 10.9%, or to 34,731MW, in comparison with that at the end of 2014. For average utilization time, there were 4,989 hours for the thermal power unit (higher 660 hours than national average level) and 1,988 hours for the wind power unit (higher 260 hours than national average level). During the year, annual power sale quantity reached 142 million MW, a year-on-year increase of 8.2%.
In the future, CR Power will focus on its national energy strategy to continuously optimize its business layout, and insist on a rate-of-return baseline to continuously increase its investment in renewable energy projects. These projects include the development and construction of wind farms, photovoltaic power stations and hydropower projects, and the improvement of the proportion of clean energy. CR Power will also promote high-quality development of thermal power business, accelerate the transformation to ultra-low emission of thermal power plants, and actively fulfill its environmental responsibilities. In 2016, CR Power plans to implement the transformation to ultra-low emission for 20 coal-fired power units with a total installed capacity of 10,211MW in its affiliated power plants, to further reduce the emissions of SO2, NOX and fly ash, and make more positive contributions to environmental protection.
