Bank Ratings | Bank of America: Raising Huaneng's H-share Target Price to HK$5.8 to Reiterate “Buy” Rating
Bank of America Securities issued a report indicating that Huaneng's first-quarter results beat expectations, that Thermal Power's profit is expected to recover further, reaffirming its “buy” rating, and that the target price for H shares was raised from HK$5.6 to HK$5.8. Considering that quarterly results beat expectations, production capacity growth is expected to accelerate this year, and unit fuel cost forecasts have been lowered, the bank raised its earnings estimates by 5% and 3% each for this year and next, and expects coal prices to experience seasonal weakness in the next quarter, driving further critical valuation. According to the report, management confirmed good results in the first quarter, with unit fuel costs falling 14% year-on-year. The company expects electricity prices to drop moderately by only 4% year-on-year in 2024. Even though the company doesn't have a unit
Huaneng Power International Shares Rise After Quarterly Profit Doubles
By Amanda Lee Huaneng Power International shares rose after the Chinese electricity producer said quarterly profit more than doubled, helped by lower fuel costs and increasing electricity demand in t
Changes in Hong Kong stocks | Huaneng International (00902) posted a record high of nearly 5%. Net profit returned to mother in the first quarter was about 4.596 billion yuan, up 104.25% year-on-year
Huaneng International (00902) rose by nearly 5% after the report. As of press release, it rose 4.86% to HK$5.18, with a turnover of HK$21.883 million.
Huaneng Power International 1Q Rev CNY65.37B Vs. CNY65.27B >0902.HK
Huaneng Power International 1Q Rev CNY65.37B Vs. CNY65.27B >0902.HK
Huaneng International Power Co., Ltd. (00902): Laiwu Power Generation plans to provide an entrustment loan of no more than 2 billion yuan to Shandong Company
Huaneng International Power Co., Ltd. (00902) issued an announcement that Huaneng Shandong, a holding subsidiary of Huaneng International Power Co., Ltd...
Huaneng International Power Co., Ltd. (00902) announced first-quarter results, net profit of about 4,596 billion yuan, an increase of 104.25% year-on-year
Huaneng International Power Co., Ltd. (00902) announced its results for the first quarter of 2024, with operating revenue of about 65.367 billion...
華能國際電力股份:2024年第一季度報告
Huaneng International (600011.SH): Net profit of 4.596 billion yuan in the first quarter increased 104.25% year-on-year
Gelonghui, April 23 | Huaneng International (600011.SH) released its first quarter report. Operating revenue was 65.367 billion yuan, up 0.15% year on year, net profit of 4.596 billion yuan, up 104.25% year on year, after deducting non-net profit of 4.377 billion yuan, up 117.98% year on year, with basic earnings of 0.25 yuan per share.
華能國際電力股份:2023年年度報告
[Broker Focus] Guoxin Securities maintains Huaneng International Electric Power (00902)'s “buy” rating indicating that coal production capacity will be released or the company will grow
Jinwu Financial News | According to Guoxin Securities Research, Huaneng International Power Co., Ltd. (00902) had revenue of 254.397 billion yuan in 2023, +3.11% compared with the same period last year. Net profit attributable to equity holders of the Company was 8.357 billion yuan (loss of 8.027 billion yuan for the same period last year). The sharp increase in net profit is mainly due to lower fuel costs, increased power generation, and a significant increase in business profits in Singapore. According to the bank, in 2023, the company's fuel costs decreased by 8.17% from 17.507 billion yuan the previous year to 156.569 billion yuan, and the power generation capacity of the company's domestic power plants increased 5.33% year-on-year
Changes in Hong Kong stocks | Electricity stocks fell across the board, Datang Power Generation (00991) fell more than 3% monthly, and spot electricity prices continued to fall month-on-month
Electricity stocks declined across the board. As of press release, Datang Power (00991) fell 3.27% to HK$1.48; Huaneng International (00902) fell 3.15% to HK$4.92; and Huadian International (01071) fell 3.08% to HK$4.4.
Cinda Securities: After many rounds of intense power supply and demand conflicts, the sector is expected to usher in profit improvements and value revaluation
The Zhitong Finance App learned that Cinda Securities released a research report stating that under the tense situation of electricity supply and demand, the peak value of coal and electricity is prominent; with the continuous advancement of market-based electricity reforms, the electricity price trend is expected to rise steadily and slightly, the electricity spot market and auxiliary service market mechanisms are expected to continue to be promoted, and the capacity electricity pricing mechanism is officially introduced to clarify the cornerstone position of coal and electricity. The construction of new power systems under the dual carbon target may continue to rely on the abundance and investment of system regulation methods. Furthermore, as the Development and Reform Commission increases the electricity and coal commissioner's guarantee and supply efforts, the actual compliance rate of the Electricity and Coal General Cooperation is expected to rise marginally, judging that the cost side of coal power com
Bank of America Securities: Maintaining Huaneng International Electric Power (00902)'s “Buy” Rating and Raising the Target Price to HK$5.6
Bank of America Securities makes a conservative forecast of the average coal price for 2024, which is estimated to be RMB 850 per ton.
Huaneng International Power Issues 2.5 Billion Yuan Green Bonds
Huaneng International Power (SHA:600011) completed the issue of 2.5 billion yuan first tranche of Green Medium-Term Notes, according to a Tuesday filing on the Shanghai bourse. The bonds have a 2.20%
Huaneng Power's Total Electricity Sold Rises 6% in Q1
Huaneng Power International's (HKG:0902, SHA:600011) total electricity sold increased 5.6% year over year to 113 billion kilowatt-hours in the first quarter, according to a Monday filing with the Hong
Huaneng International Power Co., Ltd. (00902.HK) “19 Huaneng 01” plans to pay interest on April 23
Gelonghui, April 16, 丨 Huaneng International Power Co., Ltd. (00902.HK) announced that Huaneng International Electric Power Co., Ltd. publicly issued corporate bonds in 2019 (the first instalment) (hereinafter referred to as “current bonds”) and will begin paying interest from April 23, 2023 to April 22, 2024 on April 23, 2024. The bond is abbreviated as “19 Huaneng 01”; the coupon interest rate (interest-bearing annual interest rate) of the current bond is 4.70%, the face value of each current bond is RMB 1,000, and the interest payment is RMB 47.00 (tax included).
Changes in Hong Kong stocks | Huadian International (01071) fell more than 6%, leading the decline in power stocks, the growth rate of industrial thermal power declined markedly in March
The Zhitong Finance App learned that power stocks were lower across the board. As of press release, Huadian International (01071) fell 6.12% to HK$4.45; Huaneng International (00902) fell 2.7% to HK$5.04; Datang Power (00991) fell 2.6% to HK$1.5; and China Resources Electric (00836) fell 0.62% to HK$19.26. According to the news, data from the National Bureau of Statistics shows that in March, the regulated industrial power generation capacity was 747.7 billion kilowatt-hours, up 2.8% from the previous year, and the growth rate fell 5.5 percentage points from January-February. By type, in March, according to industry regulations
Huaneng Power International Completes Issuance of 2.5 Billion Yuan Mid-Term Bonds
Huaneng Power International (HKG:0902, SHA:600011) completed the issuance of the first tranche of its green mid-term notes worth 2.5 billion yuan, according to a Monday filing with the Hong Kong bours
Hong Kong Stock Announcement Nuggets | The total original premium income of the three major subsidiaries of the China People's Insurance Group increased 1.32% year-on-year to 253,031 billion yuan in the first three months
China Financial Insurance (02328)'s total insurance premium income of 173,977 billion yuan in the first three months increased 3.8% year on year; Huaneng International Power Co., Ltd. (00902) completed feed-in power generation of 113,036 billion kilowatt-hours in the first quarter, up 5.63% year on year
Huaneng International Power Co., Ltd. (00902.HK) In the first quarter, each operating power plant in China completed feed-in electricity volume of 113,036 billion kilowatt-hours according to the consolidated report, an increase of 5.63% year-on-year
Huaneng International Power Co., Ltd. (00902.HK) announced that in the first quarter of 2024, the company's operating power plants in China completed feed-in capacity of 113,036 billion kilowatt-hours according to the consolidated report, an increase of 5.63%; in the first quarter of 2024, the average online settlement price of the company's operating power plants in China was 497.97 yuan/megawatt-hour, a year-on-year decrease of 3.99%. In the first quarter of 2024, the company's market-based electricity volume ratio was 86.60%, down 0.18 percentage points from the same period last year.
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