CR Power Promoted to HSI Constituent Stock
15-05-2023 CR Power

On May 12, Hang Seng Indexes Company Limited announced the results of its quarterly inspection, and the number of constituent stocks of the Hang Seng Index ("HSI") will be increased from 76 to 80. CR Power (00836) is once again included in HSI constituent stocks.

In recent years, CR Power has actively implemented a new energy security strategy featuring "Four Reforms and One Cooperation" (reforms in energy consumption, energy supply, energy technology and energy system; international cooperation), striving to become a world-class clean energy supplier and comprehensive energy service provider. It has made comprehensive efforts in the reconstruction of value, business, organization and spirit, and its comprehensive strength has been comprehensively improved. As of May 12, 2023, the company's stock price has increased by more than 140% compared with that at the end of 2020. This return to HSI constituent stocks fully demonstrated the recognition of the capital market for the strategic transformation and innovative development of CR Power.

By the end of 2022, CR Power had a total asset of HKD 283.388 billion, with an operational installed capacity of 67,814MW, an attributable operational generation capacity of 52,581MW and an attributable operational generation capacity in renewable energy sources of 32.3%. Its business covers 31 provinces, autonomous regions, municipalities and special administrative regions in China. The company has been included in the Hang Seng ESG 50 Index and Hang Seng Corporate Sustainability Benchmark Index ("HSSUSB") for three consecutive years.

Hang Seng Indexes Company Limited is responsible for preparing and managing the HSI series, which mainly covers stocks listed in Hong Kong and China, including the Hang Seng Index, the Hang Seng China Enterprises Index, the Hang Seng TECH Index, the Shanghai-Shenzhen-Hong Kong Stock Connect, the Greater Bay Area Index, Sustainability Index and various sector indexes. As one of the earliest stock market indexes in Hong Kong, HSI has become the broadest indicator representing the performance of the Hong Kong stock market.