22 Oct 2017,
  • HSI:
    28,487.24 328.15 (1.17%)
    HSCI:
    11,558.35 200.90 (1.77%)
    HKSPLC25:
    36,549.71 384.31 (1.06%)
    HKSPGEM:
    277.93 2.87 (1.04%)
  • HSCEI:
    11,558.35 200.90 (1.77%)
    HSCCI:
    4,395.40 61.05 (1.41%)
    HSFML25:
    10,012.97 172.14 (1.75%)
    H-FIN:
    18,539.68 313.65 (1.72%)
  • Hang Seng Index
  • 28,487.24

  • 328.15 (1.17%)
HSCI 11,558.4 200.9
HKSPLC25 36,549.7 384.3
HKSPGEM 277.9 2.9
HSCEI 11,558.4 200.9
HSCCI 4,395.4 61.1
HSFML25 10,013.0 172.1
H-FIN 18,539.7 313.7
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China Power New Energy Development Company Limited (00735.HK)

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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.
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Mr. Wang Fengxue -

Born in 1963

Joined the Group since 2 February 2017
Acted as a director of the Company since 8 May 2017
 

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; Party organisation member

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

Mr. Zhao Xinyan -

Born in 1962

Joined the Group since 2 May 2007
Acted as a director of the Company since 9 May 2017

Other positions in the Group    
Investment and Budget Management Committee — Chairman
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
Acted as a director of the Company since 9 May 2017

Other positions in the Group
Chief Executive Officer
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) — 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; Deputy manager of the capital operation department; Deputy General Manager
 

Mr. Qi Tengyun -

Born in 1969

Joined the Group since 19 August 2014
Acted as a director of the Company since 9 May 2017

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 Group since 30 December 2015
Acted as a director of the Company since 9 May 2017

Other positions in the Group
Executive 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 Group since 1 April 2013
Acted as a director of the Company since 9 May 2017

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. Zhou Jiong -

Mr. Chu Kar Wing -

Born in 1957

Joined the Group since 23 December 2002
Acted as a director of the Company since 9 May 2017
 
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 Group since 7 July 2011
Acted as a director of the Company since 9 May 2017

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
 
Investment and Budget Management Committee

Composition

The Investment and Budget Management Committee comprises a total of 8 members, including 3 directors of the Company and 5 senior staffs of the Group. The 3 directors are: Mr. Zhao Xinyan (Chairman), Mr. He Hongxin and Dr. Li Fang; and the 5 senior staffs are: Mr. Sun Guigen, Mr. Bai Jinchang, Mr. Tian Jiandong, Mr. Chai Mao, and Mr. Chen Xuezhi.

Function

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

Composition


The Remuneration Committee comprises all 4 independent non-executive directors of theCompany, namely Mr. Chu Kar Wing (Chairman),Dr. Li Fang, Mr. Wong Kwok Tai and Ms. Ng YiKum.

Function

The principal responsibilities of the Remuneration Committee include reviewing and making recommendations to the Board on the Company’s remuneration policy and structure and the remuneration packages of directors and senior management (i.e. the model described in the code provision B.1.2(c)(ii) of the CG Code is adopted). 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 the Board with reference to the performance of the individual and the Company as well as the market practice and conditions.
 

 
Nomination Committee

Composition

The Nomination Committee comprises a total of 5 members, being 1 non-executive director: Mr. Wang Binghua (Chairman), and the 4 independent non-executive directors: Mr. Chu Kar Wing, Dr.  Li Fang, Mr. Wong Kwok Tai and Ms. Ng Yi Kum. The majority of the committee members are independent non-executive directors.

Function

The principal responsibilities of the Nomination Committee include reviewing the structure, size and composition (including the skills, knowledge and experience) of the Board on a regular basis and recommending any changes to the Board; identifying qualified and suitable individuals to become Board members and selecting and/or making recommendations to the Board on the selection of individuals nominated for directorships; assessing the independence of independent non-executive directors; and making recommendations to the Board on relevant matters relating to the
appointment or re-appointment of directors and succession planning for directors, in particular the Chairman and the Chief Executive Officer of the Company.

In selecting suitable candidates for directorships of the Company, the Nomination Committee may make reference to certain criteria such as the Company’s needs, the integrity, experience, skills and professional knowledge of the candidate, and the amount of time and effort that the candidate will devote to discharge his/her duties and responsibilities. External recruitment professionals might be engaged to carry out selection process when necessary.
 

 
Audit Committee

Composition

The Audit Committee comprises all 4 independent non-executive directors of the Company, namely Mr. Chu Kar Wing(Chairman), Dr. Li Fang, Mr. Wong Kwok Tai and Ms. Ng Yi Kum. In which 2 of the members, Mr. Wong Kwok Tai and Ms. Ng Yi Kum, possess the appropriate accounting and financial management expertise as required under Rule 3.10(2) of the Listing Rules. None of the members of the Audit Committee is a former partner of the Company’s existing external auditor.

Function

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
 

 
Shareholders' Guide

Coming Soon

 

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

UPCOMING EVENT

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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

193192