Summary by Moomoo AI
China Power International Development Limited ("China Power") issued a positive profit forecast on July 10th, 2024, and expects the equity holders' attributable profit for the six months ended June 30th, 2024 to increase by about 45% to 55% compared with the same period in 2023. The profit growth mainly comes from the increased power generation of hydropower plants, contributions from newly acquired clean energy projects, and the decrease in fuel costs of thermal power sectors. The forecast is based on the preliminary review of unaudited consolidated management accounts and current information, and the expected profit will reach RMB 2.68 billion to RMB 2.87 billion. The company reminds shareholders and potential investors to be cautious in trading and seek independent professional opinions. Unaudited financial information is expected to be published in late August 2024.
