Movement Alert|Huaneng International Power Falls 3.04% in Regular Trading, Profit-Taking Pressure Continues After Prior Sharp Rally

Market Focus06-10 11:27

On June 10, Huaneng International Power fell 3.04% in regular trading, trading at 7.03 HKD/share, with trading volume of approximately 184 million HKD.

The stock continues its pullback following a series of consecutive limit-up sessions on the A-share market. The company had previously triggered an abnormal trading alert after its A-shares surged over 20% across three consecutive trading days, and subsequently issued a clarification stating there were no undisclosed material matters. On the fundamental side, Q1 net profit attributable to shareholders declined 9.83% year-over-year, primarily due to lower domestic power generation volume and reduced average on-grid settlement electricity prices.

Additionally, Shanghai Ruijun Asset Management recently reduced its H-share holdings by 4.916 million shares, lowering its stake from 10.09% to 9.99%, reflecting institutional profit-taking intentions. The broader power sector is also under pressure, with China Resources Power down 3.24%, China Power down 5.58%, CGN Power down 2.62%, and Datang Power down 1.70%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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