Daiwa: Huaneng Power International (00902.HK) Q4 core net profit fell 84%; coal-fired power profitability weakened further; rating "Underperform"

Zhitong Finance APP has learned that Daiwa has issued a research report stating that Huaneng Power International (00902.HK)'s third-quarter net profit fell 77.8% year-on-year to RMB 1.24 billion, and recurring net profit fell 84.4% year-on-year to RMB 816 million; net profit for the first three quarters fell 47.3% year-on-year to RMB 7.82 billion, far below already low forecasts. The bank had earlier warned investors to pay attention to downside risks and currently maintains an "underperform" rating.