25 Jun 2017,
  • HSI:
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    HSCI:
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    HKSPLC25:
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    HKSPGEM:
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  • HSCEI:
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    HSCCI:
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    HSFML25:
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    H-FIN:
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  • Hang Seng Index
  • 24,476.35

  • -207.53 (-0.84%)
HSCI 9,926.3 -161.8
HKSPLC25 31,151.1 -216.1
HKSPGEM 338.0 -1.9
HSCEI 9,926.3 -161.8
HSCCI 3,840.9 -61.9
HSFML25 8,375.0 -100.8
H-FIN 15,625.7 -244.7
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China Power New Energy Development Company Limited (00735.HK)

Power Producers

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2016 (IR)
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PRESENTATIONSmore

China Power New Energy Development Company Limited (the "Group") is a company incorporated in Bermuda with limited liability, whose shares are listed on The Stock Exchange of Hong Kong Limited.

The principal activities of the Group are the development, construction, owning, operating and management of clean energy power plants, including but not limited to, wind power generation, hydro power generation, waste-to-energy power generation, natural gas power generation, photovoltaic power generation and other power generation in Mainland China. In addition, we are committed to developing specific projects, such as distributed energy resources of smart electricity system and green smart healthy city. The power generation plants and green energy projects currently owned or controlled by the Group are mainly situated in Guangdong, Fujian, Hainan, Guizhou and Gansu, the electricity generated thereof is sold to Southern Power Grid, East China Power Grid and Northwest Power Grid. The Group is also engaged in investment holding in the clean energy power industry, property investments and securities investments.

As at 31 December 2013, with a total asset of over RMB 17 billion, installed capacity of the Group was 2,164.5 MW including 978.5 MW wind power, 651 MW hydro-electric power, 100 MW photovoltaic power, 54 MW waste-to-energy power, 360 MW natural gas power and 21 MW other forms of powers.
+ More Company Profile

Mr. Wang Fengxue -

Born in 1963

Joined the Company as a director since 22 February 2017

Other positions in the Group
Executive Committee — Chairman

Qualifications
Senior engineer
Electric Power Systems and Automation — North China Electric Power University (formerly known as
North China Electric Power College), Master’s degree

Other major offices
State Nuclear Power Technology Corporation — Director; General manager (acting)

Past offices
Yuanbaoshan Power Generation Plant* 元寶山發電廠— Chief engineer
Chifeng Thermal Power Plant* 赤峰熱電廠— Director
Jilin Electric Power Co., Ltd.* 吉林電力股份有限公司— Chairman; Party committee secretary
Jilin Energy and Transportation Co., Ltd.* 吉林省能源交通總公司— General manager; Party committee secretary
SPIC Northeast Electric Power Co., Ltd.(formerly known as China Power Investment Corporation
Northeast Branch* 中電投東北分公司) — General manager; Deputy party organisation secretary
Shandong Nuclear Power Company Ltd.* 山東核電有限公司 — General manager; Deputy party committee secretary
State Nuclear Power Technology Corporation — Deputy general manager; Party organisation member

Mr. Zhao Xinyan -

Born in 1962

Joined the Company as a director since 2 May 2007

Other positions in the Group    
Investment and Budget Management Committee — Chairman
Executive Committee — Member
Director of subsidiary of the Group

Qualifications    
Senior engineer    
Materials engineering — Chongqing University, Bachelor’s degree
Master of Business Administration (MBA) — Peking University, Guanghua School of Management, Master’s degree

Other major offices
China Power New Energy Limited (a substantial shareholder of the Company) — Director  
Companhia de Electricidade de Macau — Director    
State Nuclear Power Technology Corporation — Capital operation director and general manager of department of capital operation

Past offices
China Power International Holding Limited (the holding company of China Power New Energy Limited, a substantial shareholder of the Company) — Vice president; Assistant to the general manager
China Power International Development Limited (HKEx: 2380) — Vice president; Managers of various departments

Mr. He Hongxin -

Born in 1970

Joined the Company as a director since 1 April 2013

Other positions in the Group
Chief Executive Officer
Executive Committee — Member    
Investment and Budget Management Committee — Member

Qualifications
Financial Accounting — Zhongnan University of Economics and Law (formerly known as Zhongnan University of Finance and Economics), Bachelor’s degree
Executive Master of Business Administration (EMBA) — Peking University, Master’s degree

Other major offices
China Three Gorges Corporation (a substantial shareholder of the Company) — Deputy manager of the capital finance department

Past offices
Maanshan Iron & Steel Company Limited — Accounting department
China Three Gorges Corporation — Finance department; Deputy head of the asset finance and accounting department; Head of asset finance, audit and accounting department
 

Mr. Qi Tengyun -

Born in 1969

Joined the Company as a director since 19 August 2014

Other positions in the Group
Executive Committee — Member

Qualifications
Mining Machinery — Shandong University of Science and Technology (formerly known as Shandong Institute of Mining and Technology), Bachelor’s degree
Management Science and Engineering — China University of Mining and Technology, Master's degree

Other major offices
China Power International New Energy  HoldingLimited — Deputy general manager; Committee member of the party
China Three Gorges New Energy Co., Ltd.*中國三峽新能源公司 (formerly known as China Water Investment Group Corp.*中國水利投資集團公司) — Assistant to general manager

Past offices
Shandong University of Science and Technology (formerly known as Shandong Institute of Mining and Technology) — Deputy minister of the department of students affairs and deputy head of the student affairs’ office; Head of department of student associations affairs of the Qingdao campus
China International Water & Electric Corp. — Deputy head of the general manager office; Assistant manager of the department of general affairs
China International Water & Electric Co., Ltd — Assistant manager of the department of general affairs
China Three Gorges New Energy Co., Ltd.*中國三峽新能源公司 (formerly known as China Water Investment Group Corp.*中國水利投資集團公司) — Head of the general manager office; Committee member of the commission for discipline inspection; Secretary of the youth league committee
 

Mr. Wang Binghua - Chairman

Born in 1954

Joined the Company
as a director since 30 December 2015

Other positions in the Group
Nomination Committee — Chairman

Qualifications
Professor level senior engineer
Power system and automation — Wuhan University, School of Water Resources and Hydropower Engineering (formerly known as Wuhan University of Hydraulic and Electric Engineering), Master’s  degree

Other major offices
State Power Investment Corporation (formerly known as China Power Investment Corporation, an indirect substantial shareholder of the Company) — Chairman
State Nuclear Power Technology Corporation — Chairman
China Power International Holding Limited (the holding company of China Power New Energy Limited, a substantial shareholder of the Company) — Chairman
China Power International Development Limited (HKEx: 2380) — Chairman and non-executive director

Public service
National Committee (Science and Technology) of the 12th Chinese People’s Political Consultative Conference — Member

Past offices
China Power Investment Corporation (has merged into State Power Investment Corporation) — General manager
China National Nuclear Corporation — Deputy general manager
State Power Corporation of China* — Head of operation of power generation and transmission department
 

Mr. Bi Yaxiong - Vice Chairman

Born in 1962

Joined the Company as an executive director since 1 April 2013 and re-designated as a non-executive director since 19 August 2014

Qualifications
Electric System and Automation — South China University of Technology (formerly known as South China Institute of Technology), Bachelor’s degree

Technological Economics and Management — Chongqing University, PhD

Other major offices
China Three Gorges Corporation (a substantial shareholder of the Company) — Vice president

Past offices
China Gezhouba Power Plant* 葛洲壩電廠— Factory director
China Yangtze Power Co., Ltd (SSEC: 600900) — Deputy general manager; General manager; Director

Mr. Wu Hanming -

Born in 1960

Joined the Company as a director since 23 March 2016

Qualifications
Senior accountant
Executive Master of Business Administration (EMBA) — Tsinghua University, Master’s  degree
 

Other major offices
CNOOC Investment Co., Ltd.* 中海石油投資控股有限公司 — Deputy chairman; General manager
CNOOC International Financial Leasing Co., Ltd.* 中海油國際融資租賃有限公司 — President

Past offices
Bohai Oil Shipping Towing Co.* 渤海石油船舶拖運公司 — Financial Accountant; Head of financial division
China Offshore Oil Northern Shipping Co.* 中海石油北方船舶公司 — Manager of financial department; Deputy chief accountant
CNOOC Shipping Co., Ltd.* 中海石油船舶有限公司 — Manager of planning and financial department
China Oilfield Services Limited* 中海油田服務股份有限公司 — General manager of planning and accounting department; Chief economist
Offshore Oil Engineering Co., Ltd. * 海洋石油工程股份有限公司 — Chief financial officer
CNOOC Finance Corporation LTD.* 中海石油財務有限責任公司 — Deputy general manager

Mr. Chu Kar Wing -

Born in 1957

Joined the Company as a director since 23 December 2002
 
Other positions in the Group
Audit Committee — Chairman
Remuneration Committee — Chairman    
Nomination Committee — Member

Qualifications
Social science majoring in economics — Bachelor's degree

Other major offices
Emperor Capital Group Limited (HKEx: 717) — Independent non-executive director

Public service
Canada-China Culture and Education Association — President

Other information
Extensive experience in the banking and finance sector

Mr. Li Fang -

Born in 1962

Joined the Company as a director since 7 July 2011

Other positions in the Group   
Audit Committee — Member  
Remuneration Committee — Member
Nomination Committee — Member
Investment and Budget Management Committee —  Member

Qualifications  
Engineering — University of Science and Technology Beijing, Bachelor’s degree
Law — Arizona State University, United States, Juris doctoral degree
 
Other major offices 
China Power International Development Limited (HKEx: 2380) — Independent non-executive director
Guangdong Guanhao High-tech Co., Ltd (SSEC: 600433) — Director
 
Past offices  
 
Goldman Sachs (Asia) L.L.C. — Executive director   
Davis Polk & Wardwell LLP, United States — Lawyer   
Beijing Soft Rock Investment Group (SZSE: 000609, formerly known as Beijing Mainstreets Investment Group Corporation) — Director (resigned in 2016)
 
Other information  
 
Extensive experience in business  management and corporate finance

Mr. Wong Kwok Tai -

Born in 1938

Joined the Company as a director since 27 September 2004
 
Other positions in the Group   
Audit Committee — Member
Remuneration Committee — Member  
Nomination Committee — Member  

Qualifications
Certified Public Accountant (Practising)

Other major offices
W. Wong CPA Limited — Director
Winshine Science Company Limited (HKEx: 209, formerly known as Winshine Entertainment & Media Holding Company Limited) — Independent non- executive director
 
Past offices
China Solar Energy Holdings Limited (HKEx: 155) — Director (resigned in 2015)
Skyway Securities Group Limited (HKEx: 1141, formerly known as Mission Capital Holdings Limited) — Independent non-executive director (resigned in 2015)
Takson Holdings Limited (HKEx: 918) — Independent non-executive director (resigned in 2016)
 
Other information

Extensive experience in the audit and finance areas in different industries

Ms. Ng Yi Kum -

Born in 1957

Joined the Company as a director since 28 June 2013
 
Other positions in the Group   
Audit Committee — Member   
Remuneration Committee — Member   
Nomination Committee — Member  

Qualifications   
The Institute of Chartered Accountants in England and Wales — Fellow
The Institute of Chartered Secretaries and Administrators — Associate
Association of Chartered Certified Accountants — Fellow
Hong Kong Institute of Certified Public Accountants — Fellow
American Institute of Certified Public Accountants — Member
Master of Business Administration (MBA) — The Hong Kong University of Science and Technology, Master’s degree
 
Other major offices 
Tianjin Development Holdings Limited (HKEx: 882) — Independent non-executive director
Tse Sui Luen Jewellery (International) Limited (HKEx: 417) — Executive director; Deputy chairman; Chief strategy officer & Chief financial officer; Company secretary
DS Healthcare Group, Inc. (delisted from the NASDAQ in the United States on 23 December 2016, stock code: DSKX) — Independent non-executive director

Public service  
Hospital Authority — Co-opted member of the audit committee
 
Past offices   
Hong Kong Resources Holdings Company Limited (HKEx: 2882) — Independent non-executive director (resigned in 2015)
China Mobile Games and Entertainment Group Limited (delisted from the NASDAQ in the United States on 10 August 2015, stock code: CMGE) — Independent director (resigned in 2015 upon the delisting of the company)

Mr. Chen Xuezhi - Chief Financial Officer

Born in 1968

Joined the Company since 2009

Other positions in the Group
China Power International New Energy Holding Limited (an indirect wholly-owned subsidiary of the Company) — Deputy general manager; Financial controller
Directors of various subsidiaries of the Group   

Qualifications   
Senior Accountant
Accounting — Fuzhou University , Bachelor's degree 
Business Administration — Capital University of Economics  and  Business, Postgraduate
 
Past offices
China Power International Holding Limited (the holding company of China Power New Energy Limited, a substantial shareholder of the Company) — Deputy general manager (department of finance and asset management)
China Power International Development Limited (HKEx: 2380) — Deputy general manager (department of finance and asset management)

Mr. Fung Chun Nam -

Born in 1975

Joined the Company since 2009

Qualifications
Association of Chartered Certified Accountants — Fellow
Hong Kong Institute of Certified Public Accountants — Fellow
Chartered Financial Analyst

Other information 
Extensive experience in company secretarial, accounting and audit areas in various industries

+ More Board of Directors
Articles of Association
 
List of Directors and their Role and Function

Leadership, control and management of the Company are vested in the Board. The Board oversees the Group’s business, strategic decision and performances to further the healthy growth and effective functioning of the Company with a view to enhancing value to investors. All the directors carry out their duties in good faith and in compliance with applicable laws and regulations, taking decisions objectively and acting in the interests of the Company and its shareholders at all times.

 

 
Executive Committee

The Executive Committee comprises all the executive directors of the Company with the Chairman of the Board, Mr. Wang Fengxue, acting as the Chairman of such Committee. The Executive Committee operates as a general management committee under the direct authority of the Board to increase the efficiency for the business decision. It monitors the execution of the Company’s strategic plans and operations of all business units of the Company and discusses and makes decisions on matters relating to the management and day-to-day operations of the Company.

 

 
Investment and Budget Management Committee

The Investment and Budget Management Committee comprises a total of six members, including three directors of the Company, namely Mr. Zhao Xinyan, Mr. He Hongxin and Dr. Li Fang, and three senior staff of the Group, namely Mr. Wang Zhiying (General Manager of China Power International New Energy Holding Limited (“CPINEHL”), an indirect wholly–owned subsidiary of the Company), Mr. Huang Yuanwang (Deputy General Manager of CPINEHL) and Mr. Chen Xuezhi (Chief Financial Officer of the Company and Deputy General Manager of CPINEHL). The chairman of the Investment and Budget Management Committee is Mr. Zhao Xinyan. The Investment and Budget Management Committee is under the direct authority of the Board to increase the efficiency of investment and budgeting decisions. It reviews the execution of the Company’s investment and budgeting strategies, and discusses and considers the recommendations on investment and budgeting related matters of the Company.

 
Remuneration Committee

The Remuneration Committee comprises the four independent non-executive directors of the Company and the chairman of the Committee is Mr. Chu Kar Wing.The principal responsibilities of the Remuneration Committee include making recommendations to the Board on the Company’s remuneration policy and structure and the remuneration packages of directors and members of senior management. The Remuneration Committee is also responsible for establishing transparent procedures for developing such remuneration policy and structure to ensure that no director or any of his/her associates will participate in deciding his/her own remuneration, which remuneration will be determined by reference to the performance of the individual and the Company as well as market practice and conditions.

 

 
Nomination Committee

The Nomination Committee comprises the Chairman of the Board and the four independent non-executive directors of the Company and the chairman of the Committee is Mr. Wang Binghua. The primary duties of the Nomination Committee are to review the structure, size and composition of the Board, identify individuals suitably qualified to become members of the Board, and assess the independence of independent non-executive directors.

 

 
Audit Committee
The Audit Committee comprises the four independent non-executive directors of the Company with Mr. Wong Kwok Tai and Ms. Ng Yi Kum possessing the appropriate accounting and financial management expertise as required under Rule 3.10(2) of the Listing Rules. The chairman of the Committee is Mr. Chu Kar Wing. None of the members of the Audit Committee is a former partner of the Company’s existing external auditor.
 
The main duties of the Audit Committee are reviewing the financial information and reports of the Group and considering any significant or unusual items raised by the financial officers of the Group or external auditor before submission to the Board; reviewing the relationship with and the terms of appointment of the external auditor and making the relevant recommendation to the Board; and reviewing the Company’s financial reporting system, internal control system and risk management system.
 
 
Shareholders' Guide

Coming Soon

 

 
Shareholders’ Communication Policy
 
Procedures for Shareholders to Nominate A Person to Stand for Election as A Director

If a shareholder wishes to propose a person (the “Candidate”) for election as a director of the Company at a general meeting, he/she shall deposit a written notice (the “Notice”) at the Company’s head office at Rooms 3801–05, 38/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong or the Company’s Registration Office, Tricor Tengis Limited, at 26/F, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong.

The Notice :
(i) must include the personal information of the Candidate as required by Rule 13.51 (2) of the Listing Rules; and (2) of the Listing Rules; and

(ii) must be signed by the shareholder concerned and signed by the Candidate indicating his/her willingness to be elected and consent of publication of his/her personal information.

The period for lodgment of the Notice shall commence on the day after the despatch of the notice of general meeting and end no later than 7 days prior to the date of such general meeting.

In order to allow the Company’s shareholders to have sufficient time to consider the proposal of election of the Candidate as a director of the Company, shareholders who wish to make the proposal are urged to submit and lodge the Notice as early as practicable.

 

 

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WEBSITE

www.cpne.com.hk

COMPANY INFORMATION

Listed Date 04 Nov 1999

Address Room 01-05,38/F,
China Resources Building,
No. 26 Harbour Road,
Wanchai, Hong Kong

Telephone (852) 3607-8888

Facsimile (852) 3607-8899

Email ir@cpne.com.hk

No. of Click Rate

171797