[Brokerage Focus] Bocom Intl lowers the target price for China Power (02380) by 4%. However, the high visibility of rapid profit growth in the second half of the year is still evident.
Golden Horse Financial News| Bocom Intl's research reports point out that the mid-term profit of China Power (02380) increased by 53% year-on-year to 2.57 billion yuan (RMB, the same below), slightly higher than the bank's expectation of 2%. Surprisingly, to celebrate the 20th anniversary of the company's listing in Hong Kong this year, the company declared a special dividend of 0.05 yuan. In terms of operation, the ignition price difference in the first half of the year improved year-on-year, driving a 44% year-on-year increase in operating profit of the thermal power division in the first half of the year. The management believes that the limited power situation for the company's wind/solar projects is higher in the northwest region, but they still see factors improving on the demand side in the future. The management stated that the special dividend for the 20th anniversary of the listing does not take into account the
[Special Guest V] Deng Shengxing: The Federal Reserve strongly hinted on Friday that it will start cutting interest rates in September, but Hong Kong stocks continue to show weak performance.
金吾财讯 | Hang Seng Index closed at 17612 on Friday (23rd), down 28 points or 0.16%. The market's total trading volume for the day was 78.773 billion yuan. The H-share index fell 5 points to 6219. The technology index fell 1.1% to 3468. Ping An Insurance (02318) was favored by investors after announcing its performance, closing up 3.6% at 35.55 yuan, making it the best performing blue chip; the company's net profit for the first half of the year increased by 6.8%, and new business grew by 11%. Dow Jones Industrial Average closed at 41175 points on Friday (23rd), up 462 points or 1.14%. The S&P 500 rose 1.15% to 5634 points; the Nasdaq rose 1.47% to 1
[Hong Kong Stock Connect] China Power (02380) rose nearly 3% against the market, with a nearly 53% increase in mid-term profit and a special dividend being paid.
Golden Finance News | China Power (02380) stock price rose against the market in early trading, as of press time, it was HKD 3.58, up 2.87%, with a turnover of HKD 38.8607 million. On the news side, the company announced that as of the end of June 30, the mid-term profit was about CNY 2.57 billion, a year-on-year increase of 52.98%, and earnings per share were 21 cents. No interim dividend is declared, but it is the 20th anniversary of listing, and a special dividend of 5 cents per share (5.47 HK cents) is distributed. During the period, the income was about CNY 26.47 billion, a year-on-year increase of 24.18%, and the wind power and photovoltaic power generation sectors saw a year-on-year increase in profits compared to the same period last year.
China Power International Development's H1 Profit Jumps 53% as Revenue Grows
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Zhitong Hong Kong stocks early know: Overnight US stocks, three major stock indexes collectively fell, July e-commerce platform home appliances trade-in sales surged.
From January to July, according to the data from the National Bureau of Statistics, the total online retail sales in China reached 8.38 trillion yuan, with a growth rate of 9.5%. Among them, the online retail sales of physical commodities reached 7.01 trillion yuan, with a growth rate of 8.7%, accounting for 25.6% of the total retail sales.
China power will distribute a special dividend of 0.05 yuan per share on October 15th.
China Power (02380) announced that to celebrate the company's 20th anniversary of listing and give back to long-term shareholders, the Board of Directors has decided to distribute a special dividend of RMB 0.05 per ordinary share (before tax) (equivalent to HKD 0.0547, calculated based on the exchange rate announced by the People's Bank of China on August 22, 2024) in cash, calculated based on the existing total number of ordinary shares of approximately 12.37 billion shares, with a total amount of approximately RMB 0.6185 billion. The special dividend is expected to be paid on or around October 15, 2024.
China Power released its interim performance, with a net profit attributable to ordinary shareholders of 2.57 billion yuan, a year-on-year increase of 52.98%.
China Power (02380) released its interim financial results for the six months ended June 30, 2024. The group achieved revenue of 26.472 billion yuan (RMB), a 24.18% increase year-on-year. Ordinary shareholders' net profit was 2.57 billion yuan, a 52.98% increase year-on-year. Earnings per share were 0.21 yuan. A special dividend of 0.05 yuan per share is proposed to be distributed.
China Power International Development 1Q Net CNY2.57B Vs. Net CNY1.68B >2380.HK
China Power International: Higher Income From Wind-, Photovoltaic-Power Units Supported Results >2380.HK
China Power Announces Special Dividend
China Power Reports Soaring Profits in 2024
China Power (02380) will distribute a special dividend of 0.05 yuan per share on October 15th.
China Power (02380) announced that, to celebrate the company's 20th anniversary of listing and to give back to the long-term support of shareholders, the company's board...
Express News | China Power International Development - Resolved to Declare Special Dividend of RMB0.05 per Share
China Power (02380.HK) The equity holders' profit for the first half of the year was 2.802 billion yuan, a year-on-year increase of 51.50%.
On August 22, Gelonhui announced that in the first half of 2024, the group recorded revenue of RMB 26.47 billion, an increase of 24.18% compared to the same period last year. The group's equity holders' attributable profit was RMB 2.802 billion, a year-on-year increase of 51.50%; basic earnings per share were RMB 0.21. 2024 marks the 20th anniversary of the company's listing on the Hong Kong Stock Exchange. Over the past twenty years, the group has achieved remarkable development and operational results, transforming its main business from the initial single coal power to a business structure centered on clean energy supply and complemented by multiple types of power, and aims to become...
CHINA POWER: Declaration of Special Dividend,Closure of Register of Members and Related Withholding and Payment of Enterprise Income Tax for Non-resident Enterprises
Express News | China Power International Development H1 Operating Income RMB 7,466.3 Million
Express News | China Power International Development H1 Net Income RMB 2,569.9 Million
Express News | China Power International Development H1 Basic EPS RMB 0.21
CHINA POWER: Announcement of Interim Results 2024
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