Electric power stocks surged significantly, with Datang Power leading the rally. Analysts point out that data centers face a power supply gap of up to 55GW.

Gelonghui, May 13 | Hong Kong-listed electric power stocks surged significantly at the opening of trading. Datang Power led with an increase of over 11%, Harbin Electric rose by 4.2%, Longyuan Power and Datang New Energy climbed by 3%, Huadian Power International gained 2%, while Huaneng Power International, CGN Power, and Beijing Energy Clean Energy all increased by more than 1.3%. According to a recent report by Morgan Stanley, driven by a 350% surge in Token demand, the forecast for capital expenditure by hyperscale cloud service providers in 2026 has been significantly raised from $450 billion to $800 billion. Morgan Stanley predicts that data centers will face a power shortage of 55GW. AI participants are increasingly...

Gelonghui Finance09:59

H-share Announcements | China Jinmao achieved a cumulative contracted sales amount of 31.234 billion yuan in the first four months, representing a year-on-year increase of 23.44%.

Tuya Inc reported a net profit of US$15.8 million in the first quarter, representing a year-on-year increase of 43.2%. Revenue from its AI business grew by 16.9%, emerging as a new growth driver. China Jinmao achieved cumulative contracted sales of RMB31.234 billion in the first four months, marking a year-on-year increase of 23.44%.

Zhitong FinanceMay 12 09:05

CSC Financial: In the first quarter, insurance funds' holdings were dominated by the financial sector, with significant increases in defensive and consumer-related sectors.

In the first quarter of 2026, insurance funds' holdings were dominated by the financial sector, with a decline in allocation concentration and a more balanced industry layout. Insurance funds significantly increased their allocation in defensive and consumer sectors while reducing their positions in non-bank financials, telecommunications, and non-ferrous metals.

Zhitong FinanceMay 11 07:46

CGN Power (003816) Q1 2026 Earnings Review: Short-term Power Generation Impacted by Maintenance Schedule; Huizhou Operation Launch and Cangnan Acquisition Open New Chapter of Growth

CGN Power released its Q1 2026 report, achieving operating revenue of 16.319 billion yuan in Q1 2026, a year-on-year decrease of 13.25%; net profit attributable to shareholders was 2.741 billion yuan, down 9.33% year-on-year. The Q1 performance showed slight pressure. The company...

China Merchants SecuritiesMay 7 20:32

Orient Securities Utilities Industry 2025 Annual Report and 2026 Q1 Summary: Thermal Power Performance Exceeds Expectations, Hydropower Shows Steady Growth

The bank expects that with the continued growth of nuclear power installations and the gradual improvement of provincial nuclear power pricing mechanisms, the industry's profit growth rate is likely to bottom out and rebound.

Zhitong FinanceMay 7 10:55

CGN Power (01816.HK): Performance restrained by volume and pricing; site injections continue to materialize.

The company released its Q1 2026 report, recording operating revenue of 16.319 billion yuan, a year-on-year decrease of 13.25% (after restatement, the same below), and net profit attributable to shareholders of 2.741 billion yuan, a year-on-year decrease of 9.33%.

Changjiang SecuritiesMay 7 00:00