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Improvement in water supply situation, China Yangtze Power's net profit in the first half of the year increased by nearly 30% year-on-year | Interpretations of financial reports
① The water supply situation for hydropower has improved year-on-year, with China Yangtze Power earning more than 11 billion yuan in the first half of the year; ② In the first half of the year, the company installed 71.695 million kilowatts of domestic hydropower, accounting for 16.79% of the national hydropower installation.
Datang International Power Generation's net profit doubled year-on-year in the first half of the year. The situation of hydropower inflow continues to improve. | Interpretations
(1) Due to the decrease in fuel prices and the increase in the installed capacity of new energy, Datang International Power Generation's net profit for the first half of the year increased by over 100% year-on-year; (2) In terms of project reserves, the company's approved capacity for wind and solar projects in the first half of the year exceeded 4,000 megawatts, and the total capacity under construction exceeded 6,000 megawatts.
Mid-day overview | All three major indices collectively rose by over 1%, with jd.com leading the network technology stocks with a rise of over 7%, while Alibaba rose by about 3% after its earnings announcement.
Most of the network technology stocks rose, JD.com rose more than 7%, Baidu rose more than 3%, Alibaba rose nearly 3%, Meituan rose more than 2%, and Tencent rose more than 1%.
China United Network Communications' H1 revenue growth rate slows down, investment focuses on the "three networks". | Interpretations
①In the first half of this year, China United Network Communications' revenue scale remained stable with an increase, but the growth rate has slowed compared to the past few years; ②Internet, computing power network, and data network were the investment priorities for China United Network Communications in the first half of the year; ③Chairman Chen Zhongyue said that looking forward to the whole year, he is confident that fixed asset investment will remain stable within 65 billion yuan.
Express News | China United Network Communications had a revenue of 197.3 billion yuan in the first half of the year, a year-on-year increase of 2.9%.
A quick overview during trading hours: Hong Kong stocks opened low and rose higher, with banks, insurance, and telecommunication sectors rising. Tencent's decline narrowed to less than 1%.
Network technology stocks varied, SenseTime rose more than 4%, NetEase rose more than 3%, Xiaomi Group rose more than 1%; bilibili fell nearly 3%, Kuaishou fell nearly 2%, Alibaba fell more than 1%, Tencent fell 0.7%.