2024 Preliminary accounting data

China Yangtze Power Co. Ltd.

20 January 2025

 

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

 

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