Summary by Moomoo AI
China Power announced that its total electricity sales volume reached 11,449,220 MWh in May 2024, a year-on-year increase of 28.11%. The total electricity sales volume for the first five months of 2024 was 52,445,473 MWh, an increase of 32.70% compared to the same period last year. The sales volume of various types of power plants showed that hydropower, wind power, and photovoltaic power generation increased significantly, with growth rates of 97.56%, 43.19%, and 108.44%, respectively, while coal-fired power generation decreased by 17.45%. Natural gas power generation decreased slightly by 5.91%, while eco-friendly power generation increased by 44.73%. Among the main joint venture power plants, wind power and coal-fired power generation decreased by 17.10% and 19.56%, respectively, while photovoltaic power generation increased by 94.40%. China Power's chairman, He Xi, issued a statement on June 20, 2024, reminding shareholders to exercise caution when selling company shares.