Huaneng Power stock falls 1.06 percent as profit drops 28.29 percent

Published on 09/25/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Huaneng Power stock generated RMB 106.909 billion in revenue in the first half of 2026, down 4.57 percent year over year. Net profit fell 28.29 percent to RMB 6.868 billion, while clean energy capacity reached 42.16 percent.

Huaneng Power, HK0958000780, Illustration mit AI erstellt.

Huaneng Power International (HK0958000780) fell 1.06 percent to HKD 5.62 at the September 25, 2026 close on HKEX, extending the market's focus on weaker first-half earnings. The company reported RMB 106.909 billion in revenue for the six months ended June 30, 2026, down 4.57 percent year over year.

Profit pressure widens

Moomoo reported that net profit attributable to equity holders fell 28.29 percent to RMB 6.868 billion in the first half of 2026. Earnings per share were RMB 0.37, giving investors a clear comparison between falling sales and a sharper decline in profitability.

The earnings pressure was tied to lower domestic electricity sales volume and tariffs. The report said domestic on-grid electricity generation declined 2.97 percent to 199.578 billion kilowatt-hours, while operating costs and expenses decreased 2.06 percent to RMB 91.383 billion.

Fuel savings cushion decline

The cost picture offers one counterweight. Fuel costs fell 6.02 percent year over year to RMB 54.795 billion, and the domestic tax-exclusive standard coal consumption price declined 2.84 percent to RMB 891.02 per metric ton, according to Moomoo. Those savings did not offset the combined effect of weaker generation and lower tariffs.

Huaneng Power's controlled generating capacity stood at 158,779 megawatts on June 30, 2026. Low-carbon and clean-energy capacity represented 42.16 percent of that total, showing the scale of the transition alongside the earnings decline.

Stock sits below yearly peak

The HKEX price of HKD 5.62 was HKD 0.05 below the prior close of HKD 5.67 on September 25, 2026. The 52-week range was HKD 5.17 to HKD 7.63, placing the stock 26.34 percent below its yearly high and 8.70 percent above its yearly low.

Market capitalization stood at HKD 115,806,239,017, while trading volume reached 5,524,394 shares on September 25, 2026. The comparison with the yearly range puts the daily decline in a broader valuation context: the stock remained much nearer its annual low than its annual high.

Cash flow adds another pressure point

Operating cash flow for the first half of 2026 was RMB 25.243 billion, down 17.91 percent year over year, while total assets reached RMB 625.168 billion and total liabilities RMB 407.610 billion on June 30, 2026, according to Moomoo. The numbers leave generation volumes, electricity tariffs and the pace of clean-energy expansion as the key operating variables for the next reporting period.