02 Apr 2020,
  • HSI:
    23,385.41 -218.07 (-0.92%)
    HSCI:
    9,567.19 -27.58 (-0.29%)
    HKSPLC25:
    32,445.23 26.02 (0.08%)
    HKSPGEM:
    78.50 -0.15 (-0.19%)
  • HSCEI:
    9,567.19 -27.58 (-0.29%)
    HSCCI:
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    HSFML25:
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    H-FIN:
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  • Hang Seng Index
  • 23,385.41

  • -218.07 (-0.92%)
HSCI 9,567.2 -27.6
HKSPLC25 32,445.2 26.0
HKSPGEM 78.5 -0.2
HSCEI 9,567.2 -27.6
HSCCI 3,576.2 -15.9
HSFML25 8,326.6 -18.6
H-FIN 14,632.2 -1.1
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China Power New Energy Development Company Limited (00735.HK)

Power Producers
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2018 (IR)
2017 (AR)

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. He Lianhui -

Born in 1970

Joined the Group as a director since 1 April 2013, and designated as an executive director of the Company in May 2017

Position in the Group
China Power New Energy Development Company Limited (a wholly owned subsidiary of the Company) — Director


Qualifications
Senior Accountant

Master degree in accounting — Dongbei University of
Finance and Economics

Other major offices
China Power International Development Limited (HKEx: 2380) — Financial Controller

China Power International Holding Limited (a substantial shareholder of the Company) — Financial Controller


Past offices
Jilin Power Supply Bureau — Chief Accountant

Jilin Province Electric Power Company Limited — Deputy Head of the Finance Department

China Power International Development Limited (HKEx: 2380) — Deputy Chief Accountant China Power International Holding Limited (a substantial shareholder of the Company) — General Manager of the Finance and Property Management Department and the Finance Department and Deputy Chief Accountant

Wu Ling Power Corporation — Financial Controller

Hunan Branch of SPIC — Financial Controller

Mr. Sun Guigen -

Born in 1966

Joined as directors of subsidiaries of the Group and general manager of China Power International New Energy Holding Limited since August 2016, and appointed as an Executive Director of the Company since 27 March 2019

Position in the Group
Investment and Budget Management Committee of the Company — Chairman

China Power International New Energy Holding Limited (an indirect wholly-owned subsidiary of the Company) — General Manager

China Power New Energy Development Company Limited (a wholly owned subsidiary of the Company) — Director

Directors of various subsidiaries of the Group

Qualifications
Senior Engineer

Master of business administration degree — Shanghai University of Finance and Economics

Other major offices
China Power International Development Limited (HKEx: 2380) — Vice President

China Power International Holding Limited (a substantial shareholder of the Company) — Deputy General Manager

Past Offices
China Power International Development Limited (HKEx: 2380) — Chief Engineer China Power International Holding Limited (a substantial shareholder of the Company) — Chief Engineer

Jiangsu Changshu Electric Power Generating Company Limited — Deputy Chairman

Sichuan CPI Fuxi Power Company Limited — Chairman

Hunggang Dabieshan Power Company Limited — General Manager

China Power Maintenance Engineering Company Limited — Deputy General Manager

Anhui Huainan Pingwei Electric Power Company Limited — Deputy General Manager

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

The members of the Board of Directors (“Board”) of China Power Clean Energy Development
Company Limited are set out below.

Executive Directors

Mr. He Lianhui
Mr. Sun Guigen

 
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. Sun Guigen (Chairman), Mr. He Hongxin and Dr. Li Fang; and the 4 senior staffs are: 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. Tian Jun (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

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