---
title: "DBS published a research report indicating that CHINA RES POWER's power generation in the first half"
description: "DBS published a research report indicating that CHINA RES POWER's power generation in the first half of the year grew by 3.6%, which is below expectations. The bank has lowered its full-year power gen"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/254909105.md"
published_at: "2025-08-28T02:21:31.000Z"
---

# DBS published a research report indicating that CHINA RES POWER's power generation in the first half

> DBS published a research report indicating that CHINA RES POWER's power generation in the first half of the year grew by 3.6%, which is below expectations. The bank has lowered its full-year power generation growth forecast by 8.4 percentage points, expecting power generation to grow by 4% to 9% year-on-year in 2025 and 2026. Benefiting from expected fuel cost savings, profit growth is projected to be 6% in the first half of 2025. Based on attractive yields and valuations, the bank maintains a "Buy" rating on CHINA RES POWER, lowering the target price from HKD 24 to HKD 22.6 and reducing the profit forecasts for 2025 and 2026 by 4%, expecting profit growth of 7% and 13%, respectively

DBS published a research report indicating that CHINA RES POWER's power generation in the first half of the year grew by 3.6%, which is below expectations. The bank has lowered its full-year power generation growth forecast by 8.4 percentage points, expecting a year-on-year growth of 4% to 9% in 2025 and 2026. Benefiting from expected fuel cost savings, profit growth is projected to be 6% in the first half of 2025. Based on attractive yields and valuations, the bank maintains a "Buy" rating on CHINA RES POWER, lowering the target price from HKD 24 to HKD 22.6 and reducing the profit forecasts for 2025 and 2026 by 4%, expecting profit growth of 7% and 13%, respectively

### Related Stocks

- [00836.HK - CHINA RES POWER](https://longbridge.com/en/quote/00836.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
