Thursday 26 April 2012

China Windpower Group Limited (0182.HK) -HKSE

CHINA WINDPOWER (HKSE)


Chart forChina Windpower Group Limited (0182.HK)
http://finance.yahoo.com/q/bc?s=0182.HK&t=2y&l=on&z=l&q=l&c=


Results of China WindPower Group (HKG:0182) for the fiscal year ended 31 December 2011:
Net profit: HK$372.209M, down 12.88% YoY
EPS: HK 5.03 cents
Final dividend: HK 1 cent

China WindPower (HKG:0182) buys wind-power equip for $907M

[Date:11-16-2011]Source: Infocast News  
China WindPower Group (HKG:0182) has entered into 3 contracts regarding the purchase of wind-power electricity generation equipment for the group's 2 wind farm projects in Jilin Province, the PRC, each with an installed capacity of 49.5 MW, and the purchase of wind-power electricity equipment for wind-farm project in Chaoyang, Liaoning Province, the PRC with an installed capacity of 49.5 MW.
The consideration under each of the contracts amounts to RMB250 million (HK$308 million), RMB250 million (HK$308 million) and RMB237.5 million (HK$292 million), totaling RMB737.7 million (HK$907 million).  

http://www.chinesestock.org/show.aspx?id=136654&cid=28



CHINA WINDPOWER (00182) profit declines 13%, final dividend 1 cent
2012-03-23 16:40:




CHINA WINDPOWER (00182)'s net profit for 2011 receded 12.88% to $372 mln, representing earnings per share of 5.03 cents. A final dividend of 1 cent was declared, against nil in the year-ago period.

Revenue receded 22.4% to $959 mln. Due to severe weather condition and delay in project approvals, some of the new project constructions were postponed, thus reduced the revenue recognition during the year. Moreover, the Group's share of results from wind power investments were adversely affected by lower wind speed and heavy grid curtailment in the northern regions, coupled with increased financing costs. At the same time, the Group has been expanding southwards;new branches and representative offices were established, thus preliminary expenses were incurred and affected the Group's results. 

During the year, the Group's wind power plants generated electricity output of 1,746.38 million kWh in total, increased 55.1% compared to 2010. The output attributable to the Group was 881.19 million kWh, representing an increase of 72.5% compared to last year. In 2011, the weighted average utilization hours of the Group's wind power plants were 1,773 hours, a 15.9% decrease compared to 2010. 

The weighted average tariff rate of the Group's wind power plants was RMB 0.57 per kWh (including VAT), lower than RMB 0.59 per kWh of last year because greater portion of the Group's wind power plants in Inner Mongolia and northwest regions commenced operation in 2011.

The Group had cash and cash equivalents of approximately HK$1,063,541,000. As at that date, the gearing ratio was 0.18. (y)

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