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[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
Hong Kong stock concept tracking | Europe's strong demand for power equipment in recent years benefits China's power equipment companies' overseas expansion (with concept stocks)
Global power grid investment has resilience, and going global is still an important driving force for high-quality companies to achieve growth.
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.
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