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Huadian Power (01071.HK) 1Q26 Power Generation Up Over 14% YoY
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Huadian Power International (01071.HK) announced that, based on consolidated financial statements prepared under China Accounting Standards, cumulative power generation for 1Q26 reached 59.02 million megawatt hours, representing a YoY increase of 14.85% compared with the previously announced figure for the same period last year, but a decrease of approximately 8.39% compared with the restated figure for the same period last year. On-grid electricity amounted to 55.37 million megawatt hours, up 15.32% YoY compared with the previously announced figure for the same period last year, but down approximately 8.45% compared with the restated figure for the same period last year. The company stated that the decline in 1Q26 power generation and on-grid electricity compared with the restated figures for the same period last year was mainly due to the continued increase in installed capacity of new energy units, with newly added capacity crowding out generation capacity of existing units. Based on preliminary estimates, the Groups average on-grid tariff in 1Q26 was approximately RMB504.28 per megawatt hour, down about 2.58% compared with the restated figure for the same period last year. (ha/w) 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. Auto-translated by AI AASTOCKS Financial News |
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