Movement Alert|Huaneng International Power Falls 3.23% in Regular Trading, Profit-Taking Pressure Continues Amid Sector-Wide Weakness

Market Focus06-24

On June 24, Huaneng International Power fell 3.23% in regular trading, trading at 5.89 HKD/share, with turnover of approximately 49.71 million HKD. The stock continued its pullback trend following earlier consecutive limit-up sessions on the A-share market, with profit-taking pressure persisting.

On the fundamental side, the company reported a 9.83% year-over-year decline in Q1 net profit attributable to shareholders, primarily due to lower domestic power generation volume and a decrease in the average on-grid settlement electricity price. Additionally, multiple major banks have maintained bearish ratings on the stock, further weighing on sentiment.

Within the Independent Power Producers and Energy Traders sector, the overall sector remained under pressure. Among peers, Datang Power was flat at 0%, China Resources Power edged up 0.11%, CGN Power fell 0.71%, China Power declined 0.35%, and Huadian Power dropped 0.74%.

(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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