Huaneng Power, Wuling Motors Report Profit Growth Amid Revenue Declines

Huaneng Power International has released its 2024 financial results, reporting a consolidated operating revenue of RMB245.551 billion, down 3.48% from the previous year, while net profit attributable to equity holders rose by 21.86% to RMB10.185 billion. The company attributed this profit increase to its strategic focus on green transformation and technological innovation, alongside a reduction in fuel costs. Huaneng Power also announced a proposed dividend of RMB0.27 per share, reflecting its commitment to shareholder returns. The company aims to enhance its position as a leader in low-carbon energy development. In a separate announcement, Huaneng confirmed the final cash dividend, which will be subject to withholding tax based on shareholder residency. Overall, the results indicate a successful adaptation to market challenges and a strong focus on high-quality development.