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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
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