CICC Raises HUANENG POWER (00902) Target Price to HK$8.03, Q3 Earnings Hit Record High

Stock News

Nov 03

CICC maintained its "Outperform" rating on HUANENG POWER (00902), keeping the A-share (600011.SH) target price unchanged at RMB10.49 while raising the H-share target price by 20% to HK$8.03, citing attractive dividend yields in both A-share and H-share markets.

In Q3, HUANENG POWER reported revenue of RMB60.94 billion, down 7.1% year-on-year, but net profit attributable to shareholders surged 89% to RMB5.58 billion, significantly exceeding CICC's expectations. For the first nine months of the year, net profit reached RMB14.84 billion, up 43% year-on-year, marking a historical high.

CICC noted that the strong performance in thermal power and new energy sectors led to better-than-expected earnings in the first three quarters. Consequently, it raised its 2025–2026 net profit forecasts by 26% and 10% to RMB16 billion and RMB14.4 billion, respectively.

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Consequently, it raised its 2025–2026 net profit forecasts by 26% and 10% to RMB16 billion and RMB14.4 billion, respectively.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1530","symbol_name":"电力股","start_time":0,"source_url":"","article_id":"1137434185","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137434185","pubTimestamp":1762138825,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CICC maintained its \"Outperform\" rating on HUANENG POWER (00902), keeping the A-share (600011.SH) target price unchanged at RMB10.49 while raising the H-share target price by 20% to HK$8.03, citing...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1530":"电力股","00902":"华能国际电力股份","BK1125":"独立电力生产商与能源贸易商"},"translate_title":"中金上调华能电力(00902)目标价至8.03港元Q3盈利创历史新高","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00902":1},"content_text":"CICC maintained its \"Outperform\" rating on HUANENG POWER (00902), keeping the A-share (600011.SH) target price unchanged at RMB10.49 while raising the H-share target price by 20% to HK$8.03, citing attractive dividend yields in both A-share and H-share markets.\nIn Q3, HUANENG POWER reported revenue of RMB60.94 billion, down 7.1% year-on-year, but net profit attributable to shareholders surged 89% to RMB5.58 billion, significantly exceeding CICC's expectations. 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