<div id="readability-page-1"><div><p>Citi issued a research report stating that HUANENG POWER (00902.HK)<span> </span><span> +0.090 (+1.415%)  </span> <span> Short selling $55.29M; Ratio 27.462%  </span>  recorded a 1Q net profit decline of 9.8% YoY to RMB4.483 billion. Among which, contributions from wind and solar power plants decreased. Pre-tax profit from wind power fell 19.7% YoY to RMB1.808 billion, while solar power dropped 58.7% YoY to RMB0.233 billion, which was not offset by a 9% YoY increase in profit from coal-fired power plants to RMB4.341 billion. During the period, electricity sales in China declined 4.8% YoY, while the average tariff decreased 5.6% YoY to RMB460.73 per megawatt-hour.</p><p>Citi expects HUANENG POWER's EPS and dividends to decline in 2026-2027, reducing its attractiveness as a dividend stock. The broker maintained its Sell rating on HUANENG POWER with a TP of HKD4.6. (ec/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 12:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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561700

159611

<p>Citi's research report indicates that HUANENG POWERis expected to see a decline in EPS and dividends in 2026-2027, leading to a reduced appeal as a dividend stock. The company reported a 9.8% YoY drop in Q1 net profit to RMB4.483 billion, with significant decreases in contributions from wind and solar power. Electricity sales in China also fell by 4.8% YoY. Citi maintains a Sell rating on HUANENG POWER with a target price of HKD4.6.</p>

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Citi Expects HUANENG POWER  EPS and Dividends to Decline in 2026-2027, Rates Sell