HK Stock Market Move | CGN POWER (01816) rises over 4%; Q3 net profit up 36.08% year-on-year; three units put into commercial operation within the year.
CGN Power (01816) share price moved higher, rising 4.55% to HK$3.45 as of press time, with turnover of HK$106 million.
CGN POWER (01816) share price moved higher, rising 4.55% as of press time to HK$3.45, with turnover of HK$106 million.
On the news front, CGN POWER released its Q3 2026 report. For the first three quarters, the company's operating revenue was approximately RMB51.098 billion, up 3.98% year-on-year; net profit attributable to shareholders of the listed company was approximately RMB9.603 billion, up 12.75% year-on-year. The earnings growth was mainly attributable to Units 1 and 2 of Huizhou and Unit 1 of Cangnan being put into commercial operation in 2026.
It is worth noting that the company's single-quarter profit growth rate was significantly higher than the overall level for the first three quarters. In the third quarter alone, it achieved operating revenue of RMB19.615 billion, up 16.99% year-on-year; net profit attributable to shareholders of the listed company was RMB3.498 billion, up 36.08% year-on-year.
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