China Datang Corporation Renewable Power Co., Limited (“China Datang Renewable”) has issued its 2025 AGM circular, detailing full-year financials, a cash-dividend proposal and an expansive 2026 funding roadmap ahead of the shareholders’ meeting slated for 25 June 2026 in Beijing.
Financial performance 2025 • Revenue reached RMB 12.58 billion. • Other net income and gains totalled RMB 0.52 billion. • Operating expenses were RMB 9.26 billion, resulting in operating profit of RMB 3.83 billion. • Net profit came in at RMB 1.81 billion.
Dividend proposal • Cash dividend of RMB 0.03 per share, aggregating RMB 218.21 million (tax-inclusive). • Record date: 9 July 2026; ex-dividend period: 4–9 July 2026 (register closed). • Payment on or before 24 August 2026; Domestic shareholders to be paid in RMB, H-share investors in HKD at the PBoC five-day average preceding the dividend announcement. • The company outlined PRC withholding-tax arrangements for enterprise and individual shareholders, including Shanghai-/Shenzhen-Hong Kong Stock Connect investors.
Auditor re-appointment • Da Hua Certified Public Accountants (PRC) and Moore CPA Ltd. (Hong Kong) proposed as domestic and overseas auditors for 2026. • Estimated 2026 audit and related fees: RMB 7.52 million, subject to adjustment by the Audit Committee if scope changes.
2026 financing plan • Aggregate financing target: up to RMB 95.24 billion. – Debt financing: ceiling of RMB 81.24 billion via bank loans, bonds, leasing, notes, asset-backed securities and other instruments. – Equity-linked/perpetual instruments: up to RMB 14.00 billion to optimise capital structure and support project investment and working capital. • Guarantee balance limit set at RMB 0.52 billion for the year. • Board and management to execute specific transactions within the AGM’s mandate until the 2026 AGM.
Debt-instrument registration • Plans to renew registration for non-financial enterprise debt financing instruments in the interbank market as the current approval (valid until November 2026) approaches expiry, allowing multiple tranches of ultra-short notes, MTNs, perpetual notes and green instruments.
AGM logistics • Shareholders of record on 25 June 2026 may vote at the AGM; share transfer books close 19–25 June 2026. • Proxy forms must be lodged at Computershare Hong Kong Investor Services or the company’s Beijing office at least 24 hours before the meeting.
The board recommends shareholders approve all proposals, citing the financing plan’s role in funding growth initiatives and maintaining a balanced capital structure.
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