--- title: "Weekly Recap | CHINA POWER -0.9%, H1 profit down 47%" type: "News" locale: "en" url: "https://longbridge.com/en/news/296665415.md" description: "CHINA POWER (2380.HK) edged lower in a choppy week, closing at HK$2.76 with a 0.9% decline. The stock underperformed the Hang Seng Index by roughly 3.09 percentage points, as the benchmark rallied 2.19%. The share price opened at the week’s high of HK$2.80 on Monday and drifted lower, hitting a session low of HK$2.68 on Thursday before a modest late-session bounce. Daily turnover averaged 25.2m shares, about 8% below the 60-day median." datetime: "2026-08-22T04:04:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296665415.md) - [en](https://longbridge.com/en/news/296665415.md) - [zh-HK](https://longbridge.com/zh-HK/news/296665415.md) generator: "portal-rs" --- # Weekly Recap | CHINA POWER -0.9%, H1 profit down 47% ## The Week CHINA POWER (2380.HK) edged lower in a choppy week, closing at HK$2.76 with a 0.9% decline. The stock underperformed the Hang Seng Index by roughly 3.09 percentage points, as the benchmark rallied 2.19%. The share price opened at the week’s high of HK$2.80 on Monday and drifted lower, hitting a session low of HK$2.68 on Thursday before a modest late-session bounce. Daily turnover averaged 25.2m shares, about 8% below the 60-day median. ## Key Events The week revolved around the release of interim results and a series of capital moves. After Thursday’s close, the company reported a 46.81% year-on-year drop in net profit attributable to shareholders to RMB 1.51 billion for the first half of FY26. Revenue also fell 5.87% to RMB 22.46 billion. The profit decline was driven by sharp drops in the wind, solar, and thermal power segments, although hydropower showed strong performance. On the asset side, the company announced the disposal of equity in an associate on Monday. On Wednesday, it issued RMB 2 billion in medium-term notes in the PRC to bolster working capital. On Friday, a subsidiary signed a RMB 125.6 million EPC contract for a desulfurisation system in Baicheng. ## Analyst Ratings Ten brokers cover the stock: three rate it buy, four rate it hold, and one rates it sell, while two have no opinion. The consensus rating is hold, with a consensus target price of HK$3.45, suggesting a potential upside of about 25.1% from the last close. The target range is wide — from HK$2.518 to HK$5.143 — pointing to a significant divergence in valuation views among analysts. ## The Week Ahead The market will continue to digest the interim results. Investors will look for management’s guidance on the earnings outlook for the second half, particularly the margin recovery path for wind and solar. Whether hydropower strength can offset cost pressures in thermal power, and any further asset disposals or financing plans, will be key areas of focus. ## In Short CHINA POWER slipped on disappointing earnings, but the sell-off was orderly, suggesting the market had already priced in the weak results. The stock’s valuation is undemanding — trading at ~0.73x book with a dividend yield near 6.9% — which provides a cushion. However, the overall analyst stance is neutral, and the wide profit divergence across segments limits near-term upside. A clear recovery narrative from management and a shift in fund flows would be the triggers to watch. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [02380.HK](https://longbridge.com/en/quote/02380.HK.md) ## Related News & Research - [China Power unit SPIC Hydropower issues RMB 1 billion medium-term note in China](https://longbridge.com/en/news/296769780.md) - [China Power Intl unit signs RMB 125.6 million Baicheng desulfurization EPC contract](https://longbridge.com/en/news/296603119.md) - [China Power International July electricity sales fall 6.35% y/y to 11,746,210 MWh](https://longbridge.com/en/news/297164431.md) - [JPM: CHINA RES POWER Interim Results Beat Expectations on Strong Thermal Power Profit and Surprise Dividend](https://longbridge.com/en/news/296996203.md) - [China Resources Power’s Interim Profit Falls as Renewable Earnings Slump, Thermal Power Strengthens](https://longbridge.com/en/news/296997568.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**