The CLP Group is one of the largest investor-owned power businesses in Asia Pacific. Our strategic priorities are to create a sustainable business portfolio, accelerate our response to climate change for our business and the communities we operate in, serve growing demand for energy solutions, leverage technology to deliver leading customer experiences and enhance operating performance, and invest to build an agile and innovative workforce.

At CLP, we utilise various capitals to create value for shareholders, customers, employees and the wider community.

Group operating earnings (before fair value loss of HK$2,937 million on energy forward contracts in Australia) reduced by HK$2,291 million to HK$7,560 million.The diagram above shows the operating earnings (before Group expenses) by region where we operate.

Strong performance in Hong Kong and Mainland China, more than offset by operational challenges from our generation portfolio in Australia, resulting in Group operating earnings (before fair value loss of HK$2,937 million on energy forward contracts in Australia) reduced by HK$2,291 million to HK$7,560 million. Total earnings decreased to HK$924 million after considering this unrealised fair value loss and items affecting comparability. Dividend is maintained at the same level as in 2021.