600011 Huaneng Power International,Inc.
- 9.62
- +0.42+4.57%
Huaneng Power International,Inc. News
Express News | Central China Securities: Pay attention to investment opportunities in the fields of hydropower, nuclear power, and thermal power.
It is reported that China Energy (00902.HK) has established a new energy power generation company in Chongqing.
According to Guanqiu.com, data from Qichacha shows that Huabei New Energy Power Generation, jointly held by China Huadian Corporation (00902.HK) (600011.SH)'s subsidiary Huadian Energy Development and Jiangsu Huaxi Clean Energy Development, has recently established Huadian New Energy Power Generation in Chongqing. The legal representative is Zhang Xiaohui, and the registered capital is RMB 10 million. Huadian Energy Development mainly operates power generation, transmission and supply businesses, wind power generation, solar power generation, and energy storage technology services, etc.
Hong Kong stocks have seen an unusual trend. With the upcoming "big test" of grid operations, electric power stocks have generally increased. Many regions and departments have entered the state of ensuring power supply during the peak summer period.
Electric power stocks generally rose. As of press time, Huadian Power International Corporation (01071) rose 4.19% to HKD 4.72; CGN New Energy (01811) rose 3.69% to HKD 2.53; Huaneng Power International, Inc. (00902) rose 3.23% to HKD 5.74; Datang International Power Generation (00991) rose 3.11% to HKD 1.66.
Express News | Huaneng Power International, Inc. and Chongqing Investment have jointly established a new energy power generation company.
As of the end of May, the country's cumulative installed capacity for power generation is approximately 3.04 billion kilowatts, a year-on-year increase of 14.1% according to the National Energy Administration.
According to the Zhitong Finance APP, on June 28th, the National Energy Administration released the national statistics on the electrical utilities industry from January to May: as of the end of May, the total installed power generation capacity in the country was about 3.04 billion kilowatts, a year-on-year increase of 14.1%.
HK stocks fluctuate | China Res Power (00836) fell more than 4%, leading the decline among electric power stocks. The thermal power performance in the second quarter may be under pressure year-on-year, and the proportion of thermal power generation this y
According to the Zhidao Finance app, electrical utility stocks collectively fell. As of the time of publication, China Res Power (00836) fell 3.93% to HKD 23.25, Huadian Power International Corporation (01071) fell 3.42% to HKD 4.52, and Huaneng Power International, Inc. (00902) fell 1.58% to HKD 5.6. HTSC pointed out that the second-quarter thermal power generation slightly increased while coal prices decreased both year-on-year and sequentially. However, the electricity price also slightly decreased year-on-year, and the tax deduction brought about by historical losses in the same period last year may be under pressure on the performance of thermal power. Considering the tax deduction brought by historical losses in the same period last year, the electricity price slightly decreased year-on-year and two-quarter.
HUANENG POWER To Go Ex-Dividend On July 9th, 2024 With 0.22042 HKD Dividend Per Share
June 26th (Beijing Time) - $HUANENG POWER(00902.HK)$ is trading ex-dividend on July 9th, 2024.Shareholders of record on July 10th, 2024 will receive 0.22045 HKD dividend per share on August 30th, 2024
Huaneng Power (00902) will distribute a final dividend of 0.2 yuan per share on August 30.
Huaneng Power International (00902) announced that the company will distribute the final dividends of 2023 on August 30, 2024.
HUANENG POWER: RESOLUTIONS PASSED AT 2023 ANNUAL GENERAL MEETINGAND2023 FINAL DIVIDEND
Is there a possibility that the distributed new energy fund access to the power grid will double? Multiple power transmission and distribution equipment manufacturers say they have sufficient orders on hand.
By 2025, the power grid will have the capacity to handle approximately 500 million kilowatts of distributed new energy. Industry experts analyze that "currently, distributed new energy mainly refers to distributed photovoltaics. Based on the current data, 500 million kilowatts is equivalent to doubling this capacity, which is still a significant amount." As distributed photovoltaic installations increase, issues of grid capacity and integration are gradually emerging.
China Galaxy Securities: Progress of electrical utility reform is expected to exceed expectations. The preliminary establishment of a nationwide unified electrical utility market system is expected to be completed in 25 years.
Regarding the focus of the next stage of power reform, it is necessary to accelerate the construction of inter-provincial and spot markets in terms of electricity volume, further increase the proportion of market electricity, and preliminarily establish a nationwide unified electrical utilities market system by 2025.
Morgan Stanley: Higher than normal temperatures in North China is bullish for electrical utilities demand growth.
JPMorgan recently released a research report, stating that higher-than-normal temperatures in North China will be bullish for the growth of electrical utilities demand. Among all power generation companies, there remains room for growth in utilization hours for thermal power generation companies, so Huaneng (00902.HK) is the most bullish one, and Nari Technology (600406.SH) and XJ Electric Co., Ltd. (000400.SZ) are also bullish, believing that the companies will benefit from the government's efforts to promote more cross-provincial power transmission to improve power scheduling. From a fundamental perspective, the bank is most bullish on hydropower companies such as Huaneng Lancang River Hydropower Inc. (600025.SH), followed by nuclear power companies such as CGN Power.
Hong Kong stock concept tracking | National peak electricity load this summer is expected to increase by more than 100 million kilowatts year-on-year, and the electrical utilities sector continues to be strong (with concept stocks included).
Based on the analysis of existing data, it is expected that there will be at least electrical utilities shortage in the future, but not all companies in the industry will benefit from it.
In May, the national electricity consumption increased by 7.2% compared to the same period last year, according to the National Energy Administration.
The National Energy Administration released data on the total electricity consumption of the whole society in May, showing that the total electricity consumption in May was 775.1 billion kilowatt hours, a year-on-year increase of 7.2%. The electricity consumption for urban and rural residents' daily life was 92.4 billion kilowatt hours, a year-on-year increase of 5.5%. In the first five months of this year, the total electricity consumption of the whole society accumulated to 38.4 trillion kilowatt hours, a year-on-year increase of 8.6%, of which the power generation of the industrial sector above designated size was 36.6 trillion kilowatt hours. The electricity consumption for urban and rural residents' daily life was 559.2 billion kilowatt hours, a year-on-year increase of 9.9%.
Express News | Huaneng Power International, Inc. established a new wind power company in Chongqing.
Intraday glance | Hong Kong stock index slightly down, semiconductor sector strong, Semiconductor Manufacturing International Corporation up more than 4%, Hua Hong Semiconductor up more than 3%.
Network technology stocks fell across the board; Kuaishou fell more than 4%, bilibili fell more than 2%; petroleum stocks rose across the board, with all three major oil companies rising more than 2%; shipping and ports stocks performed strongly, with Pacific Basin and COSCO SHIPPING Energy rising more than 4%.
Huaneng Power (00902.HK) completed the issuance of 1 billion yuan ultra-short-term financing bills (innovation bills).
Huaneng Power International (00902.HK) announced on June 19 that its wholly-owned subsidiary, Huaneng International Power Jiangsu Energy Development Co., Ltd., has recently completed the issuance of the 5th ultra-short-term financing bond (innovation bill) for 2024 with a total amount of RMB 1 billion in face value and a term of 30 days. The issue price is RMB 100 with an interest rate of 1.75%.
Citi raises its forecast for China's electricity demand growth this year and recommends Rundian (00836.HK), Henan Pinggao Electric (600312.SH), and Sieyuan Electric (002028.SZ) as their top picks in the industry.
Citigroup releases research report, raising its forecast for China's electricity demand growth rate this year from the previous 6% to 7.5%. Next year's forecast is adjusted to a growth rate of 7%. The expected increase in electricity demand mainly comes from the development of charging services, power machinery and equipment manufacturing, rare earth metal smelting, and the development of artificial intelligence and electrified railway transportation industries. The expected higher growth rate of electricity demand will benefit power grid equipment suppliers to strengthen capital expenditures and improve utilization rates of coal-fired power plants. Preferred stocks include Henan Pinggao Electric (600312.SH), Sieyuan Electric (002028.SZ) and China Res Power (00836.HK).
Mid-year inventory | The hottest sectors in Hong Kong stocks in the first half of the year are announced! The utility and technology sectors have performed well, and CGN Power has risen by more than 60% this year.
This year, there have been frequent reports of public utilities raising prices, with many regions in China raising water, electricity, and gas prices. In addition, the sector generally has features such as low valuations and higher dividend yields. Tianfeng Securities believes that sectors with high dividend yields, such as public utilities and energy, are expected to provide considerable relative returns even if market volatility increases in the future.
Hong Kong stock market has fluctuations. Electric power stocks generally rise, and Huaneng Power International, Inc. (00902) rises more than 3%. From January to May, the total social electricity consumption increased by 8.6% year-on-year.
According to the Zhixin Finance APP, electric power shares generally rose. As of press time, Huaneng Power International, Inc. (00902) rose by 3.13% to HKD 5.6; CGN Power (01816) rose by 2.51% to HKD 3.27; and China Res Power (00836) rose by 1.31% to HKD 23.2. In terms of news, a spokesperson for the National Development and Reform Commission reported the power generation situation at a press conference of the NDRC. From the perspective of power generation, the national industrial power generation above the scale was 3.657 trillion kilowatt-hours from January to May, a year-on-year increase of 5.5%. Power generation in May was 717.9 billion kilowatt hours, an increase of 2.3%.
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