The Zhitong Finance App learned that according to the Citigroup report, CLP Holdings (00002)'s profit for the first half of the year slightly exceeded expectations. Mid-term profit increased 6.6% year-on-year to HK$5.997 billion, exceeding market expectations of HK$5.62 billion. Operating profit, excluding changes in fair value, increased 9.7% year over year to HK$5.733 billion. The profit improvement was mainly due to increased contributions from all major overseas markets and continued growth in regulated businesses in Hong Kong. The rating is “neutral”, and the target price is HK$78.

During this period, Hong Kong's operating profit increased 6% year over year to HK$4.736 billion. Thanks to EnergyAustralia's customer business performance, Australia's profit increased 33.5% year over year to HK$223 million. India's profit increased 32.9% year over year to HK$105 million due to impairment losses recorded in the first half of 2025. Mainland China's profit increased 3.3% year over year to HK$899 million, and both nuclear power and renewable energy assets contributed more profit. Profits in Taiwan and Southeast Asia surged 273.7% year over year to HK$71 million.

The bank looked positively at the first half of the year's results, as its profit growth extended to all major regions. The dividend for the second quarter was HK$0.63 per share, unchanged year over year, in line with expectations. Look forward to the company providing more information during the analyst conference call.

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