DAT16 Sep 2011 11:58
Net Profit
During the Period, net profit attributable to equity holders of the Group
amounted to approximately RMB932 million, representing an increase of
approximately 2.17% over the Corresponding Period Last Year. The steady
year-on-year growth in the Group's profits was mainly attributable to the
optimised power structure and the profit contributions by hydropower, wind power
and other clean energy projects as well as non-power projects.
5. Financial Position
As at 30 June 2011, total assets of the Group amounted to approximately
RMB237,435 million, representing an increase of approximately RMB24,519 million
as compared to the end of 2010. The increase in total assets was primarily
attributable to increased investments in projects under construction, properties,
equipment and so forth as a result of the Group's implementation of its
development strategies as well as the Company's issue of 1 billion
Renminbi-denominated ordinary shares to specific investors by way of non-public
issue in May 2011. The actual net proceeds from the issue amounted to
approximately RMB6,671 million.
Total liabilities of the Group amounted to approximately RMB191,135 million,
representing an increase of approximately RMB16,652 million over the end of 2010.
Of the total liabilities, long- term borrowings increased by approximately
RMB12,793 million over the end of 2010. The increase in total liabilities was
mainly due to an increase in the Group's borrowings so as to meet the capital
needs of day-to-day operations and infrastructure construction. Equity
attributable to equity holders of the Company amounted to approximately
RMB38,405 million, representing an increase of approximately RMB7,555 million
over the end of 2010. Net asset value per share attributable to equity holders of
the Company amounted to approximately RMB2.89, representing an increase of
approximately RMB0.38 per share over the end of 2010.