HK Stock Market Move | CHINA RES POWER (00836) surged over 4% after announcing that its interim profit attributable to equity holders reached HK$6.649 billion, with strong performance in the thermal power business.

CHINA RES POWER (00836) has risen over 4% after its earnings report; as of the time of writing, it is up 3.32%, priced at HKD 19.28, with a trading volume of HKD 353 million. On August 26, CHINA RES POWER released its interim results for 2026, reporting a revenue of HKD 54.977 billion, an increase of 9.37% year-on-year; the profit attributable to equity holders was HKD 6.649 billion, a decrease of 15.53% year-on-year; basic earnings per share were HKD 1.28, and it intends to distribute an interim dividend of HKD 0.321 per share. JP Morgan issued a research report stating that CHINA RES POWER's performance in the first half of this year exceeded expectations, with profits from thermal power operations growing by 16% year-on-year. This strong performance occurred against a backdrop of falling electricity prices and rising fuel costs since April, and they believe that the contributions from coal production and capacity tariffs supported profitability. The company announced an interim dividend of HKD 0.321 per share, with the payout ratio increasing from 23.4% in the same period last year to 25%, resulting in a positive surprise.