HK Stock Market Move | HUADIAN POWER (01071) falls over 2%; Q3 net profit attributable to shareholders down 68.3% year-on-year; the company's thermal power performance under pressure.

HUADIAN POWER (01071) fell over 2%, down 2% as of press time to HK$4.165, with turnover of HK$8.8231 million. On the news front, HUADIAN POWER recently released its results for the first three quarters of 2026. The group recorded operating revenue of RMB85.69 billion for the first three quarters, down 10.62% year-on-year; net profit attributable to shareholders of the listed company was RMB3.908 billion, down 39.29% year-on-year. CICC noted that the company's 3Q26 operating revenue was RMB31.426 billion, down 12.5% year-on-year, and net profit attributable to parent was RMB803 million, down 68.3% year-on-year; 9M26 operating revenue was RMB85.69 billion, down 10.6% year-on-year; net profit attributable to parent was RMB3.91 billion, down 39.3% year-on-year, mainly due to pressure on profitability of the thermal power main business and a decline in investment income from associates. According to CICC estimates, HUADIAN POWER's 3Q26 core pre-tax profit per kWh (after adding back impairments and excluding investment income) was approximately RMB0.016/kWh, down 65.7% year-on-year. On revenue, the company's 3Q26 on-grid electricity volume was down 16.8% year-on-year, with an average on-grid tariff of approximately RMB0.521/kWh, up 4.6% year-on-year; on costs, the 3Q26 unit price of standard coal as fired was up 23.1% year-on-year.