China Resources Power Holdings Co., Ltd. (CR Power) was founded in August 2001. As a listed subsidiary company of China Resources Holdings Co., Ltd., a Fortune 500 conglomerate, CR Power is known as one of the most efficient and most profitable integrated energy companies in China. Its business covers power generation based on thermal, wind, hydroelectric, and solar energy, as well as distributed energy generation, electricity wholesale, coal mining, etc.
CR Power was listed on the Main Board of the Hong Kong Stock Exchange on November 12, 2003 (stock number: 0836.HK). In March 2004, CR Power was added to Hang Seng Composite Industry Indexes (Utilities) and Hang Seng China-Affiliated Corporations Index. In May 2005, CR Power was incorporated into Morgan Stanley Capital International China Index. On 8 June 2009, the company formally became a constituent stock of the Hang Seng Index, making it the only Chinese invested power company that has been admitted to the Hang Seng Index. As at the end of 2017, CR Power’s total assets amounted to HK$220.972 billion and operational installed capacity amounted to 41,620MW, covering 28 provinces, municipalities and autonomous regions. For 11 consecutive years, CR Power has been listed in the Platts Top 250 Global Energy Companies and the Forbes Global 2,000, ranking 71th and 775th respectively.
Since its establishment, CR Power has been a strategy-driven enterprise, which saw a fast and solid development in the past decade due to its clear strategy and efficient execution. In the next five years, we will focus on the markets and follow the demands of customers, we are going to base in Hong Kong, anchor in Mainland, and gear towards to the world. We will focus on innovative transformation and green development, centering on the “3+1” business strategy (i.e. Increase the proportion of clean energy, optimize the stock structure, expand integrated energy services + accelerate the expansion of international business), to strengthen the control ability of system cost and acquisition ability of quality resources, actively develop capital operation ability and comprehensively enhance the enterprise’s competitiveness. We look forward to working with stakeholders hand-in-hand and implementing the responsibility and pursuit of “Refreshing Life with Green Energy” so as to establish CR Power as an international energy service provider with public trust and customer preference.
CR, the parent company of CR Power, is a diversified holding company registered and operating in Hong Kong, that was founded 80 years ago. Under CR, there are 7 key strategic business units, 17 grade-1 profit centers and 1,987 business entities, and more than 420,000 employees. The Group’s core businesses include consumer products (including retail, beer, food and beverages), power, real estate, cement, gas, pharmaceuticals and finance. In Hong Kong, there are six listed companies under CR, and its “top two blue chips” – CR Power and CR Land – are all HSI constituents. Since the advent of the 21th century, CR has been striving to capture the historical opportunities arising from China’s economic takeoff, and has maintained rapid growth for more than a decade, effectively achieving its grand strategy vision of “Recreating CR”for a second time. CR’s retail business, Snow beer brand and gas operations are the largest of their kind in China. CR Power and CR Cement have industry-leading business performance and operational efficiency. CR Land is one of the most reputable and integrated real estate developers in mainland China. CR Pharmaceuticals' sales volume is among the best in China, while “Snow” beer, “C’estbon” purified water, “CR Vanguard” supermarkets, and the “MIXC” mall, 999, CR Double-Crane, Dong-E-E-Jiao are all household brands in China. China Resources Group is one of the Fortune Global 500 enterprises, ranking 86 in 2017.