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On January 20, 2025, China Yangtze Power Co. Ltd. announced its preliminary, unaudited accounting data for 2024. The company reported a preliminary total profit of RMB 38.866 billion, a 19.87% increase from the adjusted previous year, and net profit attributable to shareholders of RMB 32.52 billion, a 19.36% increase. Basic earnings per share also increased by 19.36% to RMB 1.3291 for the year.
| Date | 20 Jan 2025 |
| Time | 10:29:18 |
| Category | Miscellaneous |
| ID | 9681T |
China Yangtze Power Co., Ltd.
Announcement on 2024 Preliminary accounting data
This announcement contains the English translation of the Chinese version of China Yangtze Power Co.,Ltd. Announcement on 2024 Preliminary accounting data as published on the website of the Shanghai Stock Exchange, and is provided for your reference only. In case of discrepancy between the Chinese version and the English version, the Chinese version shall prevail.
The main financial data for 2024 contained in this Announcement are preliminary accounting data and have not been audited by accounting firm. The specific data are subject to the data disclosed in the company's 2024 annual report. Investors are reminded to pay attention to investment risks.
I. Key financial data and indicators for 2024
Unit: RMB 100 million
|
Item |
For the year of 2024 |
The same period of previous year |
Increase/decrease (%) (after adjustment) |
|
|
Before adjustment |
After adjustment |
|||
|
Total Operating Income |
841.98 |
781.12 |
781.44 |
7.75 |
|
Operating Profit |
396.48 |
332.20 |
332.31 |
19.31 |
|
Total Profit |
388.66 |
324.13 |
324.24 |
19.87 |
|
Net profit Attributable to Shareholders of the Company |
325.20 |
272.39 |
272.45 |
19.36 |
|
Net profit attributable to shareholders of the Company net of non-recurring profit or loss |
325.39 |
275.08 |
275.08 |
18.29 |
|
Basic earnings per share (RMB) |
1.3291 |
1.1132 |
1.1135 |
19.36 |
|
Weighted average ROE |
15.72% |
13.52% |
13.52% |
Increase by 2.20% |
|
Item |
31 December, 2024 |
At the beginning of reporting period |
Increase/decrease (%) (after adjustment) |
|
|
Before adjustment |
After adjustment |
|||
|
Total Assets |
5,666.37 |
5,719.43 |
5,729.39 |
-1.10 |
|
Shareholders¡¯ equity attributable to shareholders of the Company |
2,111.52 |
2,013.30 |
2,014.53 |
4.81 |
|
Equity(100 million shares) |
244.68 |
244.68 |
244.68 |
- |
|
Net assets per share attributable to shareholders of the Company (RMB) |
8.63 |
8.23 |
8.23 |
4.81 |
Note: During the reporting period, the company had a business combination under common control, and the financial data of the comparative period was adjusted accordingly.
II. Description of operating performance and financial status
In 2024, the company realized a total profit of RMB 38.866 billion, made a year-on-year increase of RMB 6.442 billion and increase of 19.87%; the net profit attributable to shareholders of the Company was RMB 32.52 billion, made a year-on-year increase of RMB 5.275 billion and increase of 19.36%; the basic earnings per share was 1.3291 yuan/share, made a year-on-year increase of 0.2156 yuan/share and increase of 19.36%. The performance growth was mainly due to the year-on-year increase in power generation of the company's six cascade power stations in 2024.
III. Risk Warning
The main financial data for 2024 contained in this announcement are preliminary accounting data, which have not been audited by accounting firm and may differ from the final data disclosed in the 2024 annual report. As of the date of this announcement, the Company's associates accounted under equity method are still unaudited. The company will adjust the investment income accordingly based on the audited data of the associates. Investors are advised to pay attention to investment risks.
This announcement is hereby given.
Board of Directors of China Yangtze Power Co., Ltd.
January 20, 2025