Citibank: Lowered target price of Huaren Power to HK$17.5, rating downgraded to "Sell".

Citigroup released a research report, downgrading the rating of China Resources Power from "neutral" to "sell", and lowering the target price from 19 Hong Kong dollars to 17.5 Hong Kong dollars based on a cash flow discount model. The bank lowered its net profit forecast for China Resources Power for the next two years by 9% to 17%, mainly due to factors such as the expected decrease in electricity prices by China Resources Power in 2026 exceeding that of 2025, further reductions in group electricity prices, limited reduction in unit coal-fired electricity costs, and the moderate benefits of increased demand for renewable energy electricity from data centers.