CGN Power (01816) Shares Rise Over 4% as Q3 Net Profit Jumps 36.08% with Three Units Entering Commercial Operation Within the Year

Stock News10-29 10:04

According to a financial news app, shares of CGN Power (01816) climbed, rising 4.55% to HK$3.45 as of press time, with a turnover of HK$106 million.

On the news front, CGN Power released its 2026 third-quarter report. For the first three quarters, the company's operating revenue was approximately RMB 51.098 billion, up 3.98% year-on-year; net profit attributable to shareholders of the listed company was approximately RMB 9.603 billion, up 12.75% year-on-year. The earnings growth was mainly attributable to the commercial operation of Huizhou Units 1 and 2 and Cangnan Unit 1 in 2026.

Notably, the company's single-quarter profit growth rate was significantly higher than the overall level for the first three quarters. In the third quarter alone, it achieved operating revenue of RMB 19.615 billion, up 16.99% year-on-year; net profit attributable to shareholders of the listed company was RMB 3.498 billion, up 36.08% year-on-year.

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