CGN NEW ENERGY Jul Power Generation Drops by 1.7% YoY
Power Generation Overview: In July, CGN NEW ENERGY reported a total power generation of 1,731.3 GWh, marking a 1.7% year-on-year decrease, with notable declines in wind and Korea projects, while solar, gas-fired, and hydro projects saw increases.
Project Performance Variations: Specifically, PRC wind projects decreased by 8.1%, while solar projects increased by 60.3%, gas-fired projects by 51.6%, and hydro projects by 12.5%.
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CGN New Energy Reports 7.4% Year-on-Year Decline in October Power Generation
Power Generation Overview: CGN NEW ENERGY reported a total power generation of 1,546.6 GWh for October, reflecting a 7.4% decrease year-over-year, with notable declines in wind and South Korean projects.
Project Performance: In October, PRC solar projects saw a significant increase of 43%, while wind projects decreased by 8.3%. For the year-to-date, overall power generation decreased by 3.5%, with mixed results across different energy sources.
CGN MINING Rises Over 10% on Strong Trading Volume; CGN POWER Declines After Earnings Report
CGN Mining Performance: CGN Mining (01164.HK) opened 7.7% higher, reaching an intraday high of HKD4.02, and last traded at HKD3.95, up 12.54% with a trading volume of 134 million shares.
CGN New Energy Update: CGN New Energy (01811.HK) saw a modest increase of 2.46%, trading at HKD2.92 with a turnover of HKD25.5961 million.
CGN Power Financial Results: CGN Power (01816.HK) reported a decline in operating revenue by 4.1% YoY to RMB59.723 billion and a 14.1% drop in net profit to RMB8.576 billion, attributed to market conditions and decreased electricity prices.
Short Selling Data: Short selling for CGN Mining was $31.12M with a ratio of 7.728%, while CGN Power had $12.37M in short selling with a ratio of 8.278%.
<Daily Summary> HSI Ends at 27,140, Dropping 146 Points; HSTI Finishes at 6,622, Down 60 Points; BYD COMPANY Falls More Than 3%; BABA, SMIC, SH ELECTRIC, CGN MINING, CGN NEW ENERGY Reach New Peaks; Market Turnover Increases
Market Performance: The HSI dropped 146 points (0.5%) to 27,140, while the HSTI and HSCEI also saw declines, with market turnover reaching $134.78 billion.
Active Heavyweights: Notable stock movements included Xiaomi down 1.4%, Alibaba up 1.1% to a new high, and Tencent down 0.4%, with significant short selling activity across these stocks.
HSI & HSCEI Constituents: BYD Company fell 4% and Kuaishou-W dropped 3.4%, while SMIC rose 1.4% to a new high, indicating mixed performance among constituents.
HSMI & HSSI Constituents: SH Electric surged 14.2% to a new high, along with CGN Mining and CGN New Energy, which also experienced significant gains, highlighting strong performance in certain sectors.
CGN NEW ENERGY Jul Power Generation Drops by 1.7% YoY
Power Generation Overview: In July, CGN NEW ENERGY reported a total power generation of 1,731.3 GWh, marking a 1.7% year-on-year decrease, with notable declines in wind and Korea projects, while solar, gas-fired, and hydro projects saw increases.
Project Performance Variations: Specifically, PRC wind projects decreased by 8.1%, while solar projects increased by 60.3%, gas-fired projects by 51.6%, and hydro projects by 12.5%.
CGN New Energy Reports 7.4% Year-on-Year Decline in October Power Generation
Power Generation Overview: CGN NEW ENERGY reported a total power generation of 1,546.6 GWh for October, reflecting a 7.4% decrease year-over-year, with notable declines in wind and South Korean projects.
Project Performance: In October, PRC solar projects saw a significant increase of 43%, while wind projects decreased by 8.3%. For the year-to-date, overall power generation decreased by 3.5%, with mixed results across different energy sources.
CGN MINING Rises Over 10% on Strong Trading Volume; CGN POWER Declines After Earnings Report
CGN Mining Performance: CGN Mining (01164.HK) opened 7.7% higher, reaching an intraday high of HKD4.02, and last traded at HKD3.95, up 12.54% with a trading volume of 134 million shares.
CGN New Energy Update: CGN New Energy (01811.HK) saw a modest increase of 2.46%, trading at HKD2.92 with a turnover of HKD25.5961 million.
CGN Power Financial Results: CGN Power (01816.HK) reported a decline in operating revenue by 4.1% YoY to RMB59.723 billion and a 14.1% drop in net profit to RMB8.576 billion, attributed to market conditions and decreased electricity prices.
Short Selling Data: Short selling for CGN Mining was $31.12M with a ratio of 7.728%, while CGN Power had $12.37M in short selling with a ratio of 8.278%.
<Daily Summary> HSI Ends at 27,140, Dropping 146 Points; HSTI Finishes at 6,622, Down 60 Points; BYD COMPANY Falls More Than 3%; BABA, SMIC, SH ELECTRIC, CGN MINING, CGN NEW ENERGY Reach New Peaks; Market Turnover Increases
Market Performance: The HSI dropped 146 points (0.5%) to 27,140, while the HSTI and HSCEI also saw declines, with market turnover reaching $134.78 billion.
Active Heavyweights: Notable stock movements included Xiaomi down 1.4%, Alibaba up 1.1% to a new high, and Tencent down 0.4%, with significant short selling activity across these stocks.
HSI & HSCEI Constituents: BYD Company fell 4% and Kuaishou-W dropped 3.4%, while SMIC rose 1.4% to a new high, indicating mixed performance among constituents.
HSMI & HSSI Constituents: SH Electric surged 14.2% to a new high, along with CGN Mining and CGN New Energy, which also experienced significant gains, highlighting strong performance in certain sectors.
CGN NEW ENERGY Jul Power Generation Drops by 1.7% YoY
Power Generation Overview: In July, CGN NEW ENERGY reported a total power generation of 1,731.3 GWh, marking a 1.7% year-on-year decrease, with notable declines in wind and Korea projects, while solar, gas-fired, and hydro projects saw increases.
Project Performance Variations: Specifically, PRC wind projects decreased by 8.1%, while solar projects increased by 60.3%, gas-fired projects by 51.6%, and hydro projects by 12.5%.
