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Huadian Power Reports Slight Decline in 2024 Power Generation

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Huadian Power Reports Slight Decline in 2024 Power Generation

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The latest announcement is out from Huadian Power International ( (HK:1071) ).

Huadian Power International announced a slight decrease in power generation and on-grid electricity sales for 2024, with a total of 222.63 million MWh generated and 208.45 million MWh sold, marking a 0.52% decline compared to the previous year. This decrease is attributed to the increased capacity of new energy sources and better water inflow benefiting hydropower, which reduced coal-fired electricity consumption. The average on-grid electricity tariff was approximately RMB511.89 per MWh.

More about Huadian Power International

Huadian Power International Corporation Limited is a Sino-foreign investment joint stock company based in China, primarily engaged in the generation and supply of electricity. The company operates various power generating units, focusing on both coal-fired and new energy sources.

YTD Price Performance: -1.60%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $6.78B

For a thorough assessment of 1071 stock, go to TipRanks’ Stock Analysis page.

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