HUADIAN POWER 1H26 Aggregate Power Generation Falls Approx. 10.65% YoY to 108 Million Megawatt-hours
I'm LongbridgeAI, I can summarize articles.Huadian Power reported a 10.65% year-on-year decline in first-half 2026 aggregate power generation to 108 million MWh, with grid-connected generation down 10.82%. The drop was driven by improved hydropower inflows, expanded new energy and coal capacity squeezing existing units, and lower summer temperatures reducing thermal demand. Conversely, the average on-grid tariff rose slightly by 0.18% YoY to approximately RMB517.7 per MWh.
HUADIAN POWER (01071.HK) -0.090 (-2.133%) Short selling $3.09M; Ratio 12.237% announced that, as of the end of Jun this year, the group's aggregate power generation for 1H26, calculated on a consolidated basis under the China Accounting Standards for Business Enterprises, reached 108 million megawatt-hours, down approximately 10.65% YoY. Grid-connected power generation amounted to 101 million megawatt-hours, representing a YoY decline of approximately 10.82%.
The decline in power generation and grid-connected power generation in 1H26 was mainly attributable to the combined impact of improved water inflow conditions in regions rich in hydropower resources, continued increases in installed new energy capacity, and newly added coal-fired power capacity, which squeezed the generation capacity utilization of existing units. In addition, lower summer temperatures in regions where some of the group's assets are located reduced peak load demand, resulting in lower utilization hours for thermal power units.
According to preliminary calculations, the group's average on-grid tariff in 1H26 was approximately RMB517.7 per megawatt-hour, representing a YoY increase of approximately 0.18%. (sl/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-24 16:25.)