HK Stock Market Move | Afternoon Power Stocks Surge, Peak Summer Electricity Consumption Drives Surge in Demand, Electricity Usage in Various Areas Successively Breaks Historical Peak Values

The afternoon gains of power stocks expanded, as of press time, DATANG POWER (00991) rose 4.24% to 2.46 Hong Kong dollars; China Longyuan Power Group Corporation (00916) rose 3.97% to 5.5 Hong Kong dollars; CHINA POWER (02380) rose 3.28% to 2.83 Hong Kong dollars; Huaneng Power International, Inc. (00902) rose 3.28% to 5.98 Hong Kong dollars. On the news front, on July 14th, the national electricity load reached a new high of 1.551 billion kilowatts, with the central China region and several provincial power grids including Jinan, Sichuan, Hubei, and Hunan breaking historical peak values. The National Development and Reform Commission predicts that the peak national electricity load this summer will reach around 1.6 billion kilowatts, an increase of approximately 90 million kilowatts from last year. The China Electricity Council also forecasts that national electricity consumption will increase by 5%-6% year-on-year by 2026. Guoyuan International stated that July and August are still key stages for traditional peak summer demand, and if the high temperatures continue, residential air conditioning loads and commercial loads are expected to rebound. At the same time, the high prosperity of industrial production, electric charging, data centers, and other loads will continue to provide support. The assessment of the prosperity of the power sector should still be based on the main theme of "stable total volume, upgrade in structure".