The chief financial officer of Huaneng Power International, Inc. (00902.HK) has resigned.

HUANENG POWER (00902.HK) announced that, due to a job transfer, Zhu Daqing has resigned as Chief Accountant, effective immediately. Mr. Zhu confirmed that there are no disagreements between him and the Board of Directors or the company.

AASTOCKSDec 29, 2024 19:26

HUANENG POWER (00902.HK): Zhu Daqing is no longer the Chief Accountant.

On December 27, Gelonghui reported that HUANENG POWER (00902.HK) announced that the chief accountant Zhu Daqing submitted a written resignation report to the Board of Directors due to job transfer, requesting to no longer serve as the company's chief accountant. His resignation will take effect from the date the resignation report is delivered to the Board of Directors on December 27, 2024. Before a new chief accountant is appointed, the company's director and general manager Huang Lixin will act as chief accountant.

Gelonghui FinanceDec 27, 2024 21:18

Huaneng Power International, Inc. (600011.SH) Chief Accountant Zhu Daqing resigns, General Manager Huang Lixin acting in his position.

Huaneng Power International, Inc. (600011.SH) announced that the company's chief accountant, Zhu Daqing, has been transferred due to work adjustments and will be departing soon in accordance with relevant regulations...

Zhitong FinanceDec 27, 2024 20:11

Daiwa reported that the long-term electricity prices results for Guangdong Province in 2025 did not meet market expectations, and the prospects for local coal-fired power plants are not optimistic.

Daiwa issued a research report indicating that Guangdong Province has announced the results of next year's long-term electricity prices, with an average electricity price of 391.9 yuan per megawatt-hour, a year-on-year decrease of 15.9%, and a discount of 13.5% from the local benchmark price. Although there had been significant negative expectations in the market previously, the results are likely to differ greatly from market expectations, and the outlook for local coal power plants is not optimistic, as a large-scale reduction in electricity prices may offset all unit profits for next year. Daiwa expects that China General Nuclear Power (01816.HK) will also be affected by next year's earnings per share, which is projected to decline by 3.8% to 0.089 yuan, implying a dividend yield of approximately 3.4%.

AASTOCKSDec 27, 2024 10:28

The Daihang report from Daiwa: Electricity prices in Jiangsu Province will fully decrease by 2025, maintaining a "neutral" outlook for the CHINA POWER Industry.

Daiwa published a Research Report stating that the latest data from the Jiangsu Provincial Power Trading Center shows a reduction of 40 Chinese yuan per megawatt-hour in the overall electricity price for the year 2025, representing a decline of 8.9%. This aligns with market expectations and Daiwa's predictions, and it is believed that the comprehensive decline in electricity prices will have a controllable impact on coal and hydropower generation companies. Daiwa forecasts that the electricity price reduction in Jiangsu next year will lead to a narrowing of the Dark Spread for coal companies by 9 to 15 Chinese yuan per megawatt-hour, which has been partially offset by lower coal prices, while the expected impact on hydropower is projected to be about 1% to 4% on profits. The firm maintains a neutral outlook on the CHINA POWER Industry.

AASTOCKSDec 27, 2024 10:03

China Galaxy Securities: Spot market pricing is based on supply and demand, and mergers and acquisitions of Electrical Utilities central enterprises are expected to accelerate.

China Galaxy Securities believes that, from the perspective of underlying pricing logic, spot electricity prices are primarily affected by fuel costs and the supply and demand of Electrical Utilities. In the context of declining coal prices, it is expected that thermal power companies in provinces with a high proportion of market coal and strong demand will have supported profitability in 2025.

Zhitong FinanceDec 26, 2024 20:22