China Resources Power Holdings Company Limited

0836
Failed

Company Overview

China Resources Power Holdings Limited (the “Company” or “China Resources Power”) mainly invests in, develops, operates and manages wind farms, photovoltaic power plants, hydropower plants and other clean and renewable energy projects and coal-fired power plants in China. The business also involves distributed energy, electricity sales, smart energy, and coal. As of December 31, 2022, China Resources Electric Power operated 42 coal-fired power plants, 159 wind farms, 38 photovoltaic power plants, 2 hydropower plants and 5 gas power plants. The company's total operating equity installed capacity is 52,581 megawatts, of which 28.7% is located in central China, 26.9% in East China, 15.5% in South China, 14.7% in North China, 5.8% in Northwest China, 5.0% in Northeast China, and 3.4% in Southwest China. The total installed capacity of wind power, hydropower and photovoltaic power generation operating equity is 17,004 megawatts, accounting for about 32.3% of the total operating equity installed capacity. Since September 7, 2020, China Resources Power has been selected as a constituent stock of the Hang Seng ESG50 Index and the Hang Seng Sustainable Business Benchmark Index for three consecutive years. China Resources Electric Power has always adhered to the concept of sustainable development and integrated the implementation of environmental, social and governance responsibilities into the company's strategy and business operations. The company has published sustainable development reports for 13 consecutive years, continuously examined its own performance and shortcomings, strived to improve its ability to implement sustainable development, and laid the foundation for long-term value creation of the enterprise. It has been selected for the Hang Seng ESG50 Index and the Hang Seng Sustainable Business Benchmark Index for three consecutive years, demonstrating China Resources Electric's outstanding performance in the three areas of environment, social and corporate governance, and reflects the capital market's recognition of the company's sustainable development efforts.

Country
HK
Market Cap
$10.39B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.37% passed
5% Threshold
0.4%
Liabilities Compliance
196.49% failed
33% Threshold
196.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China Resources Power Holdings Company Limited
Ticker 0836
Main Business Utilities—Independent Power Producers
Type Common Stock
Industry Utilities—Independent Power Producers
Country HK
Market Cap $10.39 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Thermal power $39,050.0 $0.0 -
renewable energy $12,430.0 $0.0 -
Interest income $192.5 $192.5 -
Total $51,672.5 $192.5 0.37% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $4,276,923,076.9 41.18%
long term bank loan $16,132,051,282.1 155.32%
Total Interest-Bearing Debt $20,408,974,359.0 196.49%
Market Capitalization $10,386,564,102.6 100.00%
Compliance Status Threshold: 33% failed