• Wed
  • Oct 22, 2014
  • Updated: 12:48pm

China Resources Power

China Resources Power Holdings was incorporated and registered in Hong Kong in 2001. It is a subsidiary of China Resources Holdings, a conglomerate in China and Hong Kong. Its business is focuses on developing, operating and managing coal-burning power plants in China, including Beijing, Hebei, Henan, Liaoning, Shandong, Jiangsu, Anhui, Zhejiang, Hubei, Hunan, Guangdong and Yunnan. 

Are state-owned companies now too big to touch?

There couldn't be a better tombstone to mark the 20th anniversary of the listing of mainland state-owned enterprises (SOEs) in Hong Kong than the handling of the graft allegations against Song Lin, chairman of China Resources.

Saturday, 20 July, 2013, 5:59am

China Resources mining deal probed by anti-graft watchdog

The Communist Party's anti-graft watchdog said yesterday it was processing a whistle-blower's complaint about alleged negligence in an acquisition by China Resources Power Holdings (CRP), as the company hit back.

4 Aug 2013 - 3:58pm

China Resources needs to win over merger sceptics

Independent shareholders of China Resources Power (CRP) and sister firm China Resources Gas (CRG) are unlikely to vote in favour of their proposed merger unless the firms can provide more details about proposed post-merger investment into riskier new projects and quantify cost savings, analysts said.

10 Jun 2013 - 5:23am

CR Power, CR Gas hold talks on merger

China Resources Power (CRP) and China Resources Gas (CRG), which have a combined market value of HK$170 billion, are in talks on a possible merger to form an energy major under state-owned China Resources (Holdings).

7 May 2013 - 6:03am

Falling fuel cost lifts hopes for China Resources Power

China Resources Power expects this year's fuel cost per unit of output to fall at least 5 per cent while electricity price will be stable, which will bode well for its profitability.

19 Mar 2013 - 5:39am

Lower coal prices to fuel higher profits for China Resources Power

China Resources Power Holdings, the most profitable Hong Kong-listed mainland power producer, saw its share price rise 4.9 per cent after it posted a 20.8 per cent rise in first-half profit and tipped better second-half profitability on lower coal costs.

21 Aug 2012 - 3:56am

CRP looks to acquire private miners

China Resources Power Holdings (CRP) is in acquisition talks with several private coal miners, as it believes falling coal prices will put pressure on small miners to consider selling out amid an industry consolidation that favours larger players.

9 Jun 2012 - 12:00am

CRP hopeful of boost in profits for power industry

China Resources Power Holdings, the most profitable Hong Kong-listed mainland power producer, expects an improvement in industry profits this year - as long as coal prices don't rebound substantially after a 10 per cent fall in the last few months. The power generation industry benefited from a power price rise averaging 6.8 per cent across the nation, which took effect on December 1.

20 Mar 2012 - 12:00am

China Resources Power plugs into constant profit

China Resources Power Holdings defied higher coal costs and belated power price rises to keep profit in the first five months on a par with last year. Wang Xiaobin, chief financial officer of the fourth biggest and most profitable Hong Kong-listed mainland power producer, attributed the stable profit to higher coal output, operating efficiency and wind power production.

9 Jun 2011 - 12:00am

CR Power to acquire generators from parent

China Resources Power Holdings, the fourth-largest Hong Kong-listed mainland power producer by installed capacity, plans to buy power plants from its state-owned parent to further beef up its assets, according to company sources.

4 Jul 2007 - 12:00am

Company profile - China Resources Power Holdings

China Resources Power Holdings' principal activity is the investment, development, operation and management of large coal-fired power plants. It is currently the fourth-largest

11 Jun 2007 - 12:00am

Results diary

Today Final: Neo-China Group (Holdings)

Tomorrow Interim: China Oilfield Services

August 21 Interim: China Flavors and Fragrances, China Overseas Land & Investment, China Resources Power Holdings, China State Construction International Holdings, CITIC Pacific, Shanghai Real Estate, Skyfame Realty (Holdings), TOM Group

19 Aug 2006 - 12:00am

CR Power to acquire plant stakes from parent

The $555.7m outlay adds assets in two provinces under expansion programme

China Resources Power Holdings has agreed to purchase its parent's stakes in two power companies for $555.7 million, raising its net operating generation capacity by 11.3 per cent.

29 Jul 2006 - 12:00am

Results Diary

Today Interim: Hua Han Bio-Pharmaceutical Holdings, Tanrich Financial Holdings, Universe International Holdings

20 Mar 2006 - 12:00am

WHAT THE BROKER SAYS

Macquarie has maintained its 'outperform' rating on China Resources Power after it announced an agreement to sell its 10 per cent stake in Huaneng International Power Development for $2.4 billion, and has increased the target price on the stock to $6.20.

2 Oct 2005 - 12:00am