"Performance" XINYI ENERGY's annual net profit is RMB 1.011 billion, an increase of 27.8%, with the final dividend rising to HKD 0.036

XINYI ENERGY (03868.HK) announced its full-year results for the year ending last December, with revenue of RMB 2.453 billion, an increase of 0.5% year-on-year. Net profit was RMB 1.011 billion, up 27.8% year-on-year; earnings per share were 12 cents. A final dividend of HKD 0.036 was declared, compared to HKD 0.027 in the same period last year.

As of the end of last year, the group owned and operated large-scale renewable energy projects with a total approved capacity of 4,804.5 megawatts, including 1,798 megawatts under the feed-in tariff policy and 3,006.5 megawatts under the parity grid policy, while solar power projects with a total capacity of 174 megawatts were accounted for using the equity method. The increase in the number of solar power projects under the parity grid policy has steadily improved the group's operating cash flow.

The group is advancing the establishment of an infrastructure securitization investment fund to inject selected solar power assets for listing on the Chinese stock exchange. This initiative will facilitate the partial realization of the value of the group's solar power portfolio, reduce the risk of fixed assets, and enhance financial flexibility. As of the end of December last year, the relevant plans are still in progress