Huaneng Power International ( (HK:0902) ) has shared an update.

Huaneng Power International reported interim consolidated operating revenue of RMB106,909 million for the first half of 2026, down 4.57% year on year, with net profit attributable to equity holders falling 28.29% to RMB6,868 million and earnings per share at RMB0.37. The decline reflects lower on‑grid power generation in China and reduced utilisation hours as rapid national renewable capacity growth squeezed existing units and the company further shifted away from coal‑fired generation, while coal procurement volume and unit fuel costs also fell due to tighter cost control.

Total on‑grid power generation from the company’s domestic plants reached 199.578 billion kWh, a 2.97% decrease, and average utilisation hours dropped by 145 hours to 1,358, highlighting the operational impact of the industry’s green transition. Management emphasised stable operations, progress in technological innovation and transformation, and effective fuel‑cost management, positioning the company to pursue its annual targets despite near‑term profit pressure and signaling ongoing strategic adaptation to China’s low‑carbon energy landscape.

The most recent analyst rating on (HK:0902) stock is a Sell
with a HK$4.75 price target.
To see the full list of analyst forecasts on Huaneng Power International stock,
see the HK:0902 Stock Forecast page.