UBCRPOW@EC2612A

Huadian Power reports 10.9% year-over-year increase in electricity sales for April 2026

CR Power reports net profit of RMB 5.67 billion in FY 2025

China Resources Power to Hold 2026 Annual General Meeting to Review Financial Statements and Dividends

Hu 华润电力 Holdings Plc Sees A 16.1% Reduction In Short Interest

Huawei Power Reports Q1 2026 Net Power Generation Up 16.3%

Guotai Junan Reiterates Buy Rating on Huadian Power International with Target Price

Citibank Downgrades Lun Electric to 'Sell' with Price Target Cut

CHINA RES POWER released FY2025 9 Months Earnings on March 18, 2026 (BJT) with actual revenue of HKD 76.14 B and EPS of HKD 2.1625

CHINA RES POWER released FY2025 Q3 earnings on March 18, 2026 (BJT), with actual revenue of HKD 25.87 B and EPS of HKD 0.6419

Citi Releases Research Report on China Resources Power

Huawei Power Announces Exceeding Expectations Annual Sales and Net Profit

CHINA RES POWER released FY2025 annual earnings on March 18 Pre-Market (BJT), actual revenue HKD 102.01 B (forecast HKD 105.24 B), actual EPS HKD 2.8044 (forecast HKD 2.7726)

CHINA RES POWER released FY2025 Q4 earnings on March 18 Pre-Market (BJT), actual revenue HKD 25.87 B, actual EPS HKD 0.6419

Huadian Power Announces Electricity Sales Data for the First Two Months of 2026

CHINA RES POWER to Release FY2025 Earnings on March 18 Pre-Market (BJT), Forecast Revenue HKD 105.24 B, EPS HKD 2.7726

Huawei Group and Harbin Electric Group Senior Management Meet to Deepen Strategic Cooperation in the Next Five Years

CRSC Group's Multiple Business Segments Show Significant Growth During the Spring Festival Holiday

Huadian's Power Sales Volume Increased by 28.4% in January 2026

JPMorgan Downgrades Ratings and Target Prices for CLP Power and China Huadian

Morgan Stanley Cuts Forecast for China Resources Power but Maintains Overweight Rating

SYNERTONE

TAILAM TECHCON

SOFTMEDX

MICROWARE

HAITIAN ANTENNA

WING FUNG GROUP

INTELLIMARK W27

HIPINE

YAN TAT GROUP

00HSI

STECH

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Hong Kong's Hang Seng Index rose 220 points to close midday at 25,402, while the Hang Seng Tech Index gained 88 points to 4,972. Key movers included Meituan, which surged over 6%, and stocks like China Res Power, CATL, Huaneng Power, and China Power hitting new highs.

- The Hang Seng Index (HSI) rose 220 points, or 0.9%, closing at 25,402, while the Hang Seng Tech Index (HSTI) increased by 88 points, or 1.8%, to 4,972.  
- Key heavyweights included Meituan, which gained 6.3%, and Tencent, up 2.6%, with significant short selling activity observed across various stocks.  
- Notable gainers included Laopu Gold at 9.03% and Lenovo Group at 6.08%, while Beigene declined by 3.9% amid active trading on the market.

AASTOCKS News

Hang Seng Index

Hang Seng TECH Index

MEITUAN

CHINA RES POWER

HUANENG POWER

CATL

CHINA POWER

ChinaAMC Green Electricity ETF

GF CSI All Share Power Public Service ETF

Bosera CSI All Share Electric Utilities ETF

ISHARESHSI

Penghua SSE STAR New Energy ETF

Penghua CSI All Share Utilities ETF

Hang Seng China Enterprises Index

TENCENT

BABA-W

Alibaba

XIAOMI-W

LAOPU GOLD

LENOVO GROUP

OOIL

CHINA SHENHUA

XPENG-W

CHOW TAI FOOK

BEONE MEDICINES

MIDEA GROUP

INNOVENT BIO

POP MART

TINGYI

MEITU

KINGDEE INT'L

VSTECS

MARKETINGFORCE

CHINASOFT INT'L

CHINA RUYI

XUNCE

QINGSONG HEALTH

WEIMOB INC

JST GROUP

CHICMAX

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

CATL HK SDR 30to1

Huaneng Power International, Inc. Sponsored ADR Class N

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Laopu Gld HK SDR 50to1

LENOVO GROUP-R

Lenovo Group

CSEC/China Shenhua

BeOne Medicines

Beigene

Midea Group

POP MART HK SDR 20to1

HSI Closes Midday at 25,402, Up 220 pts; HSTI Closes Midday at 4,972, Up 88 pts; MEITUAN Up over 6%; CHINA RES POWER, CATL, HUANENG POWER, CHINA POWER Hit New Highs

China Resources Power Holdings has received approval from China's securities regulator for its subsidiary, China Resources New Energy Holdings, to list on the Shenzhen Stock Exchange. This move is part of a strategy to enhance value from its renewables portfolio. However, the spin-off and listing are subject to market conditions, and no firm timetable has been provided. Shareholders are advised to exercise caution due to execution uncertainties.

Tip Ranks

China Resources Power Wins CSRC Nod for Shenzhen Listing of New Energy Unit

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Citi's research report indicates that while coal prices have risen, China's coal-fired independent power producers (IPPs) saw a 20% increase in share prices over the past three months. However, Citi forecasts that margins will narrow due to higher coal costs, leading to weaker performance. The bank assigned Sell ratings to HUANENG POWER, CHINA RES POWER, and HUADIAN POWER, citing a focus on company fundamentals and the impact of the upcoming ex-dividend period.

HDPI

HUADIAN POWER

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Expects Power Stocks to Underperform on Rising Coal Costs Squeezing Margins

CHINA RES POWERreported a 10.9% year-on-year increase in electricity sales for its subsidiary power plants in April, totaling 20.3357 million megawatt hours. Wind farm sales decreased by 2.6% to 5.0287 million megawatt hours due to lower wind speeds, while photovoltaic sales surged by 46.7% to 1.5792 million megawatt hours. For the first four months of 2026, cumulative sales reached 80.9731 million megawatt hours, up 14.9% YoY, with wind farm sales down 2.1% and photovoltaic sales up 45.3%.

CHINA RES POWER  Apr Subsidiary Power Plant Electricity Sales +10.9% YoY

China Resources Power Holdings Co has disclosed financial results for its subsidiary, China Resources Power Investment Company Limited, for 2025 and Q1 2026. The subsidiary reported 2025 revenue of RMB55.45 billion and a net profit of RMB5.67 billion, with total assets of RMB114.84 billion. For Q1 2026, it posted revenue of RMB14.04 billion and a net profit of RMB1.22 billion. Investors are advised to exercise caution as these figures reflect only the subsidiary's performance. The latest analyst rating for the stock is a Sell with a price target of HK$14.89.

China Resources Power Discloses 2025 Results and Q1 2026 Performance for Key Subsidiary

China Resources Power has received approval for its renewable energy arm to list in Shenzhen, a significant step in its plan to access capital markets. The Shenzhen Stock Exchange approved the A-share offering of China Resources New Energy Holdings, which aims to raise approximately 24.5 billion yuan (US$3.6 billion) for wind and solar projects. This listing reflects strong investor interest in renewable energy and marks a breakthrough for red-chip companies in China's capital market reforms. The unit's installed capacity reached about 41.6 gigawatts, with revenue increasing to 22.9 billion yuan in 2025.

SCMP

CTGR

Huadian New Energy

POWERCHINA Ltd

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

CHINA RES POWERannounced that the Listing Committee of the Shenzhen Stock Exchange has approved the A-share listing of its subsidiary, China Resources New Energy Holdings. This decision follows a review meeting held on the 28th. The spin-off and listing are part of the company's strategic plans. Short selling data indicates a ratio of 22.217% with $32.17M in short selling.

CHINA RES POWER  Spin-off of China Resources New Energy A-Share Listing Approved by SZSE Listing Committee

China Resources Power Holdings Co. (OTCMKTS:CRPJY) experienced a significant decline in short interest, dropping 16.1% from 322 shares to 270 shares as of March 31. This represents approximately 0.0% of the company's stock sold short, with a days-to-cover ratio of 1.6 days based on an average trading volume of 164 shares. Analysts have mixed ratings, with Jefferies Financial Group downgrading the stock to 'strong sell' and Zacks upgrading it to 'hold'. The stock opened at $35.39, with a 1-year low of $33.45 and a high of $38.20.

Market Beat

Jefferies Financial

China Resources Power Holdings Co. (OTCMKTS:CRPJY) Sees Significant Decrease in Short Interest

Jefferies has downgraded China Resources Power Holdings Co (CRPJF) to a Sell with a price target of HK$14.89, as reported by Alan Lau on April 3. This follows a similar Sell rating from Citi's Pierre Lau on March 19, while DBS maintained a Hold rating on March 20. Lau, who focuses on the Utilities sector, has an average return of 4.6% and a 50% success rate on his stock recommendations.

Jefferies downgrades China Resources Power Holdings Co (CRPJF) to a Sell

UBCRPOW@EC2612A(28559.HK)