On August 20, CR Power announced its 2021 interim results. As shown in the announcement, the first half of the year has seen a turnover of HK$42.239 billion, with an YOY increase of 35.4%; a net profit of HK$5.105 billion, with an YOY increase of 12.7%. Among them, the net profit contribution from the renewable energy business accounted for approx. 84.9%. By stripping out the impact of non-cash or non-recurring gains or losses such as foreign exchange gains or losses and asset impairment losses, the first half of 2021 has seen a core profit of HK$5.277 billion, with an YOY increase of 19.1%. The Board of Directors declared an interim dividend of HK$0.25 per share for the first half of 2021, with an YOY increase of 11.1%.

In terms of renewable energy development, as of the end of June 2021, the company's installed capacity was 59,186 MW, and installed capacity of operation rights was 47,063 MW, of which renewable energy accounted for 31.7%. At the same time, it had approved wind power projects of about 600 MW of and filed PV projects of about 22,300 MW, and about 16,700 MW of those PV projects were filed with the competent energy authorities in the first half of the year, hitting a record high. With regard to electricity sales, the affiliated power plants contributed 86,105,125 MWh, with an YOY of 22.6%, and the contribution of wind farms and PV power plants increased by 49.9% and 56.2% respectively on a year-on-year basis. The average full-load utilization hours of wind farms and coal-fired power plants exceeded the national average, with an YOY increase of 7.9% and 10.5%. In addition, the heating business yielded a turnover of HK$3.545 billion, with an YOY increase of 22.9%.

Looking at the way forward, the company will vigorously develop renewable energy. In 2021, the newly launched wind power and PV projects carried an access capacity of 2,510 MW, of which 918 MW was already grid-connected in the first half of the year. Furthermore, the company will act actively to reduce carbon emission, energize itself in trying carbon capture, utilization and storage technology, hone its skills in carbon asset management, make innovation in carbon trading mode, reasonably allocate carbon assets and reduce corporate performance costs.