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Huaneng Power Raises RMB5 Billion in Debentures
Huaneng Power (00902.HK) completed the issuance of 500 million yuan ultra-short-term financing bonds.
Huaneng Power International (00902.HK) announced on August 8 that it has recently completed the issuance of the eighth series of short-term financing bonds due in 2024. The bond issue amounted to RMB 500 million, with a term of 85 days, a face value of RMB 100 yuan per unit, and an issue rate of 1.83%. The funds raised from this bond issue will be used to supplement the company's operating capital, adjust its debt structure, repay bank loans and bonds that will mature soon.
Huaneng Power Embraces Digital Communication Era
Research report by Everbright Securities: Huaneng Power International's performance in the first half of the year has improved year-on-year, maintaining a "buy" rating.
In the research report of Everbright Securities, Huaneng Power International, Inc. (600011.SH) has improved its performance year-on-year in the first half of the year, but the profitability of Q2 wind power and thermal power sectors has decreased compared with the previous quarter. The installed capacity of green electricity increased significantly in Q2, with wind power/photovoltaic new installed capacity of 0.1854/1.2529 million kilowatts respectively, and the corresponding average utilization hours changed by about -90/+105 hours compared to the previous quarter. Among them, affected by seasonal heating supply, the coal consumption of Q2 coal-fired units has increased; coupled with the decline of electricity sold to the grid, the depreciation of electricity sales volume has increased, compressing the profitability level of coal-fired electricity. The decline in wind power utilization hours squeezed its profitability. Based on the transformation of new energy fund sector.
Investors Three-year Returns in Huaneng Power International (HKG:902) Have Not Grown Faster Than the Company's Underlying Earnings Growth
Research Reports | Huafu Securities: Huaneng Power International's first-half profit improved year-on-year, maintaining a "buy" rating.
According to the research reports of Huafu Securities, Huaneng Power International, Inc. (600011.SH) showed a significant increase in profit margin from coal-fired electricity generation in the second quarter of 2024, benefiting from the decrease in fuel cost and financial expenses. The company's net income attributable to its parent company increased by 18.16% year on year in the first half of the year, with a better profit trend. Among them, the profit growth rate of the coal machinery sector was significantly higher year on year, while lower than the previous quarter. The quarter-on-quarter decline may be due to the end of the heating season, resulting in an increase in coal consumption for power generation. In terms of quarter by quarter figures, the company's on-grid electricity generation from coal machinery in Q2 decreased by 9.65% year on year, achieving a total profit of 1.155 billion yuan, an increase of 74.2% year on year, corresponding to a total profit of 0.0148 yuan/kWh.
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