HK Stock Market Move | CGN NEW ENERGY (01811) fell more than 5% after the performance announcement, with mid-term net profit attributable to equity shareholders decreasing by 10.86% to 1.64 billion US dollars.
China General Nuclear Power Corporation's new energy unit (01811) fell more than 5% after its performance, dropping 4.76% to 2.4 Hong Kong dollars with a trading volume of 35.34 million Hong Kong dollars as of the time of writing.
After the performance, CGN NEW ENERGY (01811) fell by more than 5%, and as of the time of writing, it has fallen by 4.76%, closing at HK$2.4, with a turnover of HK$35.3425 million.
On the news front, on August 19, CGN NEW ENERGY released its interim results for the six months ended June 30, 2025. The revenue was $857 million, a decrease of 12.8% year-on-year; net profit attributable to equity shareholders was $164 million, a decrease of 10.86% year-on-year; and basic earnings per share were 3.81 US cents.
The announcement stated that the decrease in revenue was mainly due to a decrease in electricity prices and generation capacity for the Korean project, as well as a decrease in electricity generation and steam sales after selling a cogeneration project in China in March 2025.
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ND PAPER (02689) announced that the expected annual profit attributable to shareholders is between approximately 1.7 billion and 1.9 billion, a year-on-year increase of 126% to 153%.
