00902 HUANENG POWER
- 4.880
- +0.020+0.41%
HUANENG POWER News
Huaneng International (600011): Coal and electricity profits exceed expectations, ROE accelerates recovery of net assets
Core view: Earnings profit of 4.6 billion yuan, doubling year-on-year to exceed market expectations. The company released its 2024 quarterly report, achieving revenue of 65.4 billion yuan (+0.1% YoY) and net profit of 4.596 billion yuan (YoY +104%)
China Telecommunication Union: In the first quarter, electricity trading centers across the country organized a total of 1424.84 billion kilowatt-hours and an increase of 7.7% year-on-year
On April 30, the China Telecommunication Union released a summary of the national electricity market transactions from January to March 2024.
Changes in Hong Kong stocks | Huaneng International rose more than 4% to lead power stocks. Demand for electricity exceeded expectations compounded the decline in coal prices. Many thermal power companies performed well in Q1
Power stocks rose collectively. As of press release, Huaneng International (00902) rose 3.93% to HK$5.02; Huadian International (01071) rose 2.91% to HK$4.25; and Datang Power (00991) rose 2% to HK$1.53.
Huaneng International (600011): Coal and electricity costs dropped significantly, 24Q1 performance exceeded expectations
Incident: The company released its report for the first quarter of '24. 2024Q1 achieved operating income of 65.367 billion yuan, +0.15% year-on-year, and net profit to mother of 4.596 billion yuan, +104.25% year-on-year. 24Q
Huaneng International (600011): Thermal Power Achieves Excellent Profits, Releasing Company Performance Flexibility
Description of the incident: The company released a report for the first quarter of 2024: in the first quarter of 2024, the company achieved operating income of 65.367 billion yuan, an increase of 0.15% over the previous year; achieved net profit of 4.596 billion yuan, an increase of 104 million yuan over the previous year
Huaneng International (600011): Q1 performance exceeded expectations, and thermal power generation profits increased
Incident: The company released the “Report for the First Quarter of 2024”. 2024Q1 achieved operating income of 65.367 billion yuan, +0.15% year-on-year, and achieved net profit of 4.596 billion yuan to mother, +104.2 billion yuan year-on-year
Tianfeng Securities released a research report on April 26 stating that it gave Huaneng International (600011.SH) a purchase rating. The main reasons for the rating include: 1) thermal power: significant improvement in profitability, with a total profit o
Tianfeng Securities released a research report on April 26 stating that it gave Huaneng International (600011.SH) a purchase rating. The main reasons for the rating include: 1) thermal power: significant improvement in profitability, with a total profit of 0.03 yuan; 2) new energy: total wind power profit contributed +23% year-on-year, adding 1.6 GW of installed capacity in Q1; 3) outlook: The profitability of thermal power may continue to improve, and the contribution of new energy performance is expected to accelerate. (Mainichi Keizai Shimbun)
Huaneng International: Coal and electricity profits have greatly improved, and new energy construction is expected to accelerate
Event: The company released its 2024 quarterly report. 2024Q1 achieved revenue of 65.4 billion yuan, a year-on-year increase of 0.15%; achieved net profit of 4.596 billion yuan, an increase of 104% over the previous year; realized net profit without deduction
Guoxin Securities released a research report on April 25 stating that Huaneng International (600011.SH) was given a purchase rating and a reasonable price of 9.61-10.44 yuan. The main reasons for the rating include: 1) continuous improvement in coal and e
Guoxin Securities released a research report on April 25 stating that Huaneng International (600011.SH) was given a purchase rating and a reasonable price of 9.61-10.44 yuan. The main reasons for the rating include: 1) continuous improvement in coal and electricity profits; 2) increase in gross margin, slight decrease in cost ratio level, and continuous increase in net interest rate; 3) ROE increases, and net operating cash flow improves dramatically; 4) falling coal prices drive improved thermal power profits, and promotion of electricity reform promotes stable thermal power profits; 5) the share of new energy installed capacity continues to increase, and future project operation will drive the company's performance growth. (Mainichi Keizai Shimbun)
Huaneng International (600011): Coal and electricity profits improved and turned losses into profits for the whole year; the cash dividend ratio was 57%
Incident: The company released its 2023 annual report, achieving annual revenue of 254.40 billion yuan, +3.1% year-on-year; achieving net profit of 8.45 billion yuan to mother, turning a loss into a profit. Stable electricity prices, electricity growth, and fuel costs throughout the year
Huaneng International (0902.HK): Thermal Power Profits Remain Significantly Restored, Wind Power Profits Grow Steady
Key investment points 2024Q1 profit of 4.596 billion yuan, a year-on-year increase of 104.25%: In the first quarter of 2024, according to China's accounting standards, the company's revenue was about 65.367 billion yuan (RMB, same below)
Beishui added nearly HK$800 million to sell Meituan for over HK$1.5 billion; Nanshui bought Ping An of China for over HK$500 million
On April 24 (Wednesday), Southbound made net purchases of HK$1,995 million in Hong Kong stocks today. The Hong Kong Stock Exchange and China Mobile received net purchases of HK$736 million and HK$494 million respectively.
Bank Ratings | Bank of China International: Raising Huaneng's Target Price to HK$6.2 to Reiterate “Buy” Rating
Glonghui, April 24 | Bank of China International released a report saying that Huaneng's performance in the first quarter of this year was strong, with net profit attributable to shareholders of listed companies of about 4.6 billion yuan, better than the bank's original net profit forecast of 3.9 billion yuan, exceeding the market and the bank's expectations. The pre-tax profit of the coal and electricity sector is about 2.8 billion dollars, which is comparable to the level of the third quarter of last year, indicating that even with partial electricity price cuts, thermal power profits are still resilient. According to the report, in the context of the reversal of thermal power and the rapid expansion of new energy sources, Huaneng's ability to increase dividend payments has been strengthened, and its intention to pay dividends was reflected in the move to raise the dividend rate to 57% last year. The bank raised Huaneng's full-year profit forecast by 15
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
Hong Kong Stock Afternoon Review | Hong Kong stocks continue to be strong! The Tech Index surged nearly 3% to record 3 consecutive gains, and Tencent reached the HK$340 intraday mark
The three major indices opened high, and the Hang Seng Index rose nearly 2% to return to the Wanqi mark; Station B rose nearly 7%, Kuaishou rose more than 6%, and Shangtang skyrocketed by 31.15% and then suspended trading.
Dongwu Securities released a research report on April 24 stating that it gave Huaneng International (600011.SH) a purchase rating. The main reasons for the rating include: 1) The company benefited from a year-on-year decrease in thermal coal price costs a
Dongwu Securities released a research report on April 24 stating that it gave Huaneng International (600011.SH) a purchase rating. The main reasons for the rating include: 1) The company benefited from a year-on-year decrease in thermal coal price costs and a year-on-year increase in power generation capacity; 2) looking at segmented profit: the 2024Q1 coal-fired sector contributed maximum profit elasticity; 3) 2024Q1 achieved +5.63% year-on-year feed-in electricity and -3.99% feed-in electricity prices; 4) In 2024, the company focused on exceeding expectations in the electricity consumption of the entire society, driven by AI and electric vehicles, and recommended the thermal power sector.
Most Hong Kong power stocks strengthened, Huaneng International Power rose nearly 6%
Gelonghui, April 24 | Huaneng International Power rose nearly 6%, followed by Datang Power Generation and Huadian Power. According to the news, Huaneng International announced first-quarter results, with revenue of about 65.367 billion yuan, up 0.15% year on year; net profit attributable to shareholders of listed companies was about 4.596 billion yuan, up 104.25% year on year.
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 (600011): Performance exceeds expectations, coal power continues to improve, wind and power generation increase
Event: The company released its results report for the first quarter of 2024. In the first quarter of 2023, the company achieved operating income of 65.367 billion yuan, a year-on-year increase of 0.15%; realized net profit to mother of 4.596 billion yuan, a year-on-year increase
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