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china power new energy devel (735) Details

China Power New Energy Development Company Limited, together with its subsidiaries, owns, develops, constructs, operates, and manages clean energy power plants in the Peoples’ Republic of China. It operates through Power Generation, Property Investments, and Securities Investments segments. The company generates energy from natural gas, wind, hydro, waste-to-energy, photovoltaic, and other sources. It sells electricity generated by its power generation plants to Southern Power Grid, East China Power Grid, Northeast Power Grid, and Northwest Power Grid. The company also engages in securities trading; property holding activities; and investment holding in the clean energy power industry, property investments, and securities investments. As of December 31, 2015, it had a total installed capacity of 2,655.5 MW. The company is headquartered in Wanchai, Hong Kong.

1,485 Employees
Last Reported Date: 08/18/16

china power new energy devel (735) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: CNY1.1M
Executive Director and Member of Executive Co...
Total Annual Compensation: CNY667.0K
Executive Director and Chairman of Executive ...
Total Annual Compensation: --
Executive Director, Chairman of Investment & ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

china power new energy devel (735) Key Developments

China Power New Energy Development Company Limited Reports Unaudited Consolidated Earnings and Operational Results for the Six Months Ended June 30, 2016

China Power New Energy Development Company Limited reported unaudited consolidated earnings and operational results for the six months ended June 30, 2016. For the period, revenue and tariff adjustment was RMB 2,312,466,000 against RMB 1,233,235,000 a year ago. Such increase was primarily attributable to the commencement of operation of new natural gas, waste-to-energy and photovoltaic power projects, in particular of those newly-operated natural gas power generating units with enhanced installed capacity and high power generation, during the first half of the year, which resulted in a substantial increase in revenue. Operating profit was RMB 638,524,000 against RMB 410,124,000 a year ago. Such increase was primarily attributable to the increased power generation from the additional generating units in Dongguan, coupled with the ample water resources and high rainfall in Fujian. Profit before tax was RMB 399,235,000 against RMB 188,905,000 a year ago. Profit attributable to equity holders of the company was RMB 284,761,000 or RMB 0.2399 per diluted share against RMB 152,731,000 or RMB 0.1290 per basic and diluted share a year ago. In the first half of 2016, the group's profit attributable to equity holders of the company increased 86.45%, such increase was primarily attributable to the increase in number of newly-operated natural gas, waste-to-energy power projects and photovoltaic power projects during the first half of the year; the higher capacity of new generating units of natural gas power projects, together with the period-on-period reduction in natural gas unit cost, leading to a higher profitability; and the weather conditions that the relatively higher rainfall and good water supply during the period resulted in a substantial increase in hydro power generation and, in turn, a period-on-period profit growth of the hydro power segment. For the six-month period ended June 30, 2016, capital expenditure of the group was approximately RMB 1,940,313,000, spent mainly on the development of new projects, purchase of equipment and technical renovation. The major sources of capital were the Group's cash balance and bank loans financing for projects. For the first half of 2016, the group had a power generation of 5,216,573.04 MWh, representing a significant increase of 91.59% when compared to the same period last year. Such increase was primarily attributable to the additional power contributed by the newly-operated projects, such as natural gas power and photovoltaic power projects, in 2016; and the significant increase in hydro power generation in the first half of 2016 as compared to the same period of 2015.

China Power New Energy Development Company Limited to Report First Half, 2016 Results on Aug 18, 2016

China Power New Energy Development Company Limited announced that they will report first half, 2016 results on Aug 18, 2016

China Power New Energy Development Company Limited, Board Meeting, Aug 18, 2016

China Power New Energy Development Company Limited, Board Meeting, Aug 18, 2016. Agenda: To consider interim results of the company and its subsidiaries for the six months ended 30 June 2016 for publication, and to consider the payment of an interim dividend, if any.

 

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735

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Valuation 735 Industry Range
Price/Earnings 20.5x
Price/Sales 1.4x
Price/Book 0.6x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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