00836 CHINA RES POWER
- 21.900
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CHINA RES POWER News
China International Capital Corporation: Electrical utilities readjustment presents investment opportunities, with the double bottom of photovoltaic prices and the market first appearing.
China International Capital Corporation expects that the intensification of electric carbon policies will improve demand-side absorption of green electricity and help realize the value of green environment.
[Special Guest V] Deng Shengxing: Recently, the global financial market has experienced a major shock. It is advisable to seek refuge in stocks with good performance and high interest.
Golden Finance News | The Hang Seng Index closed at 16877 on Wednesday (7th), up 230 points or 1.4%. The total daily turnover of the market was 95.6 billion yuan. The CSI 300 Index rose 1.4% to 5933; The ChiNext Index rose 1.2% to 3382. The National Development and Reform Commission and other three ministries and commissions yesterday issued the "Action Plan for Accelerating the Construction of a New Type of Power System (2024-2027)", promoting the construction of a new type of power system to achieve practical results, and the electric power sector is doing well. China Resources Power (00836) rose 4.1%; CGN Power (01816) surged 4.7%; Apple concept stocks: also performed well. Sun Yuyu (02382) soared 4%; BYD Electronic.
Hong Kong stock market movements | Electric power stocks are all rising. Three departments have launched nine special actions to promote the construction of new power systems. Power reform will continue to deepen.
Electrical utilities stocks are all up. As of press time, China Longyuan (00916) rose 4.93%, to HKD 7.02; CGN Power (00916) rose 3.15%, to HKD 3.27; Datang International Power Generation (00991) rose 2.67%, to HKD 1.54; and China Resources Power (00836) rose 2.40%, to HKD 21.35.
Electric power stocks rallied strongly. China Longyuan Power Group (00916) rose by 4.78%. Three departments jointly issued a document to speed up the construction of the new power system.
Electric power stocks surged, with China Longyuan (+4.78%), Datang Renew (+3.55%), CGN Power (+2.84%), Datang International Power Generation (+2.67%), China Res Power (+2.64%), and China Power (+2.54%) registering gains in the stock market, according to Jingcaixun. On August 6, the National Development and Reform Commission, the National Energy Administration, and the National Bureau of Statistics jointly released the "Action Plan for Accelerating the Construction of a New Type of Power System (2024-2027)." The plan includes nine specific actions to ensure the stability and security of the power system.
CHINA RES POWER: SUMMARY OF FINANCIAL INFORMATION OF CHINA RESOURCES POWER INVESTMENT COMPANY LIMITED FOR THE YEAR 2023 (AUDITED) AND THE FIRST THREE MONTHS OF 2024 (UNAUDITED)
Thailand To Become Second In Southeast Asia To Tax Carbon Emissions
[Brokerage Focus] Haitong Int’l: The clearance of photovoltaic industry chain is expected to begin, recommending China Res Power (00836) and Yangtze Power (01038).
Haitong International's research and development team stated that on July 17, the US-listed company SunPower notified dealers that it can no longer provide installation services and will stop shipments. On July 9, the US photovoltaic manufacturer Toledo Solar announced that it will immediately terminate all R&D work and gradually cease operation, and the company is about to go bankrupt. Titan Solar Power, a household photovoltaic installation company with 11 years of history, has also announced permanent closure. Chinese photovoltaic industry chain companies have issued 2024 interim performance forecast, generally showing significant losses, and the clearing of the photovoltaic industry chain is expected to begin, more.
Hong Kong stocks surge: Electric power stocks rise against the trend, IEA predicts that global demand for electricity will continue to grow strongly until next year, and domestic demand for electricity will increase by more than 6%.
Electric power stocks rise against the market. As of the time of writing, Datang Renew (01798) rose 3.92%, at HKD 2.12; CGN Power (00916) rose 3.88%, at HKD 3.46; Huadian Power International Corporation (01071) rose 2.02%, at HKD 4.04; China Res Power (00836) rose 2.08%, at HKD 22.10.
China's Electricity Consumption Spikes 5.8% in June
HTSC: High demand for electrical utilities in China and the US, continued high prosperity in grid investment and exports.
China's electrical utilities investment data is strong, and the annual investment growth rate of electrical utilities is expected to reach 10%+. The central oversea electrical utilities investment also continues to grow at a high rate due to electrical utilities demand and infrastructure. Currently, the demand for electrical utilities in the European and American markets is stronger than in non-electrical utilities markets.
Electric power stocks continue to adjust, but the heat wave pattern will continue to be bullish.
By ATFX: Most of the electric power stocks fell this morning. Huaneng Power International, Inc. (00902) announced a decline in its completed on-grid electricity volume for the last quarter, causing the stock price to fall more than 2% this morning. China Power (02380) saw a 33% increase in its electricity sales volume in the first half of the year, but its stock price fell by 0.8%. Datang International Power Generation (00991) fell by 0.6%; State Power Investment Corporation Limited (01071) fell by 0.8%; China Resources Power Holdings Company Limited (00836) fell by 0.5%. Huaneng Power International, Inc. announced that in the first half of the year, various operating power plants in China completed a cumulative on-grid electricity volume of 210.678 billion kilowatt-hours according to the merged financial statements, a year-on-year decrease of 0.22%. In the second quarter of which, China
State Development and Reform Commission: By 2025, the first batch of coal-fired power low-carbon renovation and construction projects will all start, and a batch of coal-fired low-carbon power generation technologies will be transformed and applied.
Officials of the National Development and Reform Commission answered questions from reporters regarding the "Action Plan for Low-Carbon Transformation and Construction of Coal-fired Power Plants (2024-2027)."
China Resources Power Holdings' (HKG:836) Earnings Growth Rate Lags the 36% CAGR Delivered to Shareholders
Express News | China Resources Power - June Total Net Generation of Subsidiary Power Plants up 8.5% to 16. 9 Mln Mwh
Electric power stocks are under pressure, Huadian Power International Ltd (01071) fell by 5.64% due to the limited growth of China Huaneng Group backed by China Securities Co., Ltd.
Jingwu Finance | Electrical utilities stocks were under pressure against the trend, with Huadian Power International Co., Ltd. (01071) falling 5.64%, China Power (02380) falling 3.52%, Huaneng Power International Co., Ltd. (00902) falling 3.15%, Datang International Power Generation Co., Ltd. (00991) falling 2.91%, and China Resources Power Holdings Co., Ltd. (00836) falling 2.13%. China Securities Co., Ltd. stated that both China and Europe's thermal power output have performed poorly since this year. In Europe, natural gas power generation in the first five months fell by 15.7% YoY, while coal-fired power generation fell by 22.9% YoY, but total power generation increased by 2% YoY. In China, from January to May...
Hong Kong stocks fluctuations | Thermal power stocks continue to decline, thermal power utilization rate month-on-month decline, the growth rate of thermal power performance in the second quarter may also decline.
According to the Smart Finance APP, thermal power stocks continue to decline. As of press time, Huadian International (01071) fell 5.87% to HKD 4.17; Huaneng International (00902) fell 2.6% to HKD 5.25; China Resources Power (00836) fell 2.35% to HKD 22.9; Datang International Power Generation (00991) fell 2.33% to HKD 1.68. Guotai Junan pointed out that the utilization rate of thermal power is expected to decline in the second quarter due to the increasing effect of clean energy such as hydropower; the domestic spot coal price showed a downward trend in the second quarter, and the long-term coal price remained stable. Considering the quarter-on-quarter of thermal power utilization rate
HK stock market anomaly: Huadian Power International Corporation (01071) fell over 6%, leading the decline in thermal power stocks. The utilization rate of thermal power in the second quarter decreased month-on-month, and the comprehensive profit situatio
According to the Zhitong Finance APP, thermal power stocks fell across the board. As of press time, Huadian Power International Corporation (01071) fell by 5.53% to HKD 4.44; China Resources Power (00836) fell by 3.72% to HKD 23.3; and Huaneng Power International, Inc. (00902) fell by 3.39% to HKD 5.41. Guotai Junan pointed out that affected by the enhanced impact of clean energy such as hydropower, it is expected that the utilization rate of thermal power will decrease in the second quarter; the spot coal price in the domestic market is showing a downward trend in the second quarter, and the overall contracted coal price remains stable. Considering the month-on-month decline in the utilization rate of thermal power, the increase in power plant coal consumption after the heating season, and other businesses in the season.
Huaxi Securities: Rigid demand emerges, global electrical utilities system welcomes development opportunities.
From an overseas perspective, the global new energy installed capacity is growing rapidly, driven by the upgrading of power grids, increased infrastructure support, large-scale expansion of manufacturing industry, datacenter construction, and cross-border interconnection of power grids. The investment in power grids has entered a prosperous cycle, and the overseas power equipment market has considerable potential.
China Res Beer (00291) has signed a Comprehensive Energy Project Framework Agreement with China Res Power and China Res Gas for comprehensive energy project cooperation.
China Res Beer (00291) announced that, on July 2, 2024, the company signed separate agreements with China Res Power and China Res Gas...
Hong Kong stocks saw some changes: electric power stocks continue to rise, electrical utilities companies maintain a relatively high growth rate of operating profit, and thermal power will receive multiple bullish signals in the third quarter.
Electrical utilities continue to trend upwards in recent times, as of press time, China Longyuan (00916) rose 5.7%, with a price of HKD 7.42; Huadian Power International Corporation (01071) rose 3.59%, with a price of HKD 4.9; Datang Renew (01798) rose 2.97%, with a price of HKD 2.08; China Res Power (00836) rose 2.71%, with a price of HKD 24.6; China Power (02380) rose 1.73%, with a price of HKD 4.12.
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