On June 25, Huaneng International Power fell 3.13% in regular trading, trading at HK$5.58/share, with turnover of HK$69.63 million. The stock extended its post-rally correction following earlier consecutive limit-up sessions on the A-share market, with profit-taking pressure continuing to weigh.
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 volumes and reduced average on-grid settlement electricity prices. Multiple major investment banks have maintained bearish ratings on the stock. Adding to headwinds, Q2 Qinhuangdao thermal coal benchmark prices averaged 781 yuan/ton, up 19.5% YoY and 9.6% QoQ, raising cost concerns for thermal power producers and pressuring Q2 profit expectations.
The broader power sector traded under pressure, with peers Datang Power down 1.93%, CGN Power down 1.79%, China Power down 1.77%, China Resources Power down 0.82%, and Huadian Power down 0.51%.
(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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