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Longyuan Power last year earned 27% less.
Longyuan Power (00916) announced that, as of the end of last year, full-year profit was RMB 4.638 billion, down 27.41% year on year, with earnings per share of 55.48 cents; it will pay a final dividend of 6.25 cents.
During the period, revenue was RMB 30.253 billion, down 3.85%.
This year is the opening year of the “15th Five-Year Plan” and the group will fully implement the work requirements of “seeking progress while maintaining stability, improving quality and efficiency, overall coordination and balanced development, and tailoring measures to the conditions of enterprises,” the special deployment for the “Strengthening Management Year,” and the “Five Focus Areas” work arrangements. The group will closely follow the main line of “three stability measures, four increases, and five leading positions,” and will focus on implementing seven major breakthrough initiatives. This year, the group plans to commence construction on new energy projects totaling 4.5 million kW and bring 4.5 million kW into operation.