China Yangtze Power Co. Ltd.

Report Publication Announcement • Jan 27, 2021

National Storage Mechanism | Additional information

RNS Number : 0405N

China Yangtze Power Co. Ltd.

27 January 2021

China Yangtze Power Co., Ltd.

(a joint stock company established under the laws of the People's Republic of China with limited liability)

Announcement of Preliminary 2020 Annual Results

The board of directors of China Yangtze Power Co., Ltd. (the "Company") is pleased to hereby announce preliminary key financial information of the Company for the year ended 31 December 2020.

Investors should note that the financial information set out in this announcement is preliminary and has not been audited. Final audited financial information for the year ended 31 December 2020 will be disclosed in the 2020 annual report and accounts of the Company to be published in due course. Accordingly, investors are advised to exercise caution when dealing in the A shares and global depository receipts representing A shares of the Company on the basis of the information in this announcement.

I. Key Financial Information

Unit: RMB in 100 million, unless otherwise indicated       

	Year ended 31 December 2020	Year ended 31 December 2019	Change (%)
Total revenue	578.51	498.74	15.99
Operating profit	329.16	269.33	22.22
Total profit	324.79	266.27	21.98
Net profit attributable to shareholders of the listed company	263.15	215.43	22.15
Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss	261.28	211.30	23.65
Basic earnings per share (RMB)	1.1862(1)	0.9792	21.14
Weighted average return on net assets (%)	16.73	14.77	Increased by 1.96 percentage points

(1) Number of shares refers to the weighted average number of ordinary shares then issued in the       calculation of earnings per share for this reporting period.

	As at 31 December 2020	As at 31 December 2019	Change (%)
Total assets	3,270.05	2,964.83	10.29
Equity attributable to shareholders of the listed company	1,719.66	1,495.10	15.02
Share capital (in 100 million shares)	227.42	220.00	3.37
Net assets per share attributable to shareholders of the listed company (RMB)	7.56	6.80	11.27

II. Analysis of the Operating Results and Financial Position

In 2020, the Company achieved total profit of RMB32.479 billion, representing an increase of RMB5.852 billion or 21.98% as compared to 2019. Net profit attributable to shareholders of the Company was RMB26.315 billion, representing an increase of RMB4.772 billion or 22.15% as compared to 2019. Basic earnings per share were RMB1.1862 in 2020, representing an increase of RMB0.2070 or 21.14% as compared to 2019. The changes in the foregoing are mainly due to increases in the Company's revenue from electricity sales and investment income in 2020.

The Board of Directors of China Yangtze Power Co., Ltd.

27 January 2021

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGIGDBIBDDGBR