Summary by Futu AI
China Power announced that the total electricity sales volume reached 11,449,220 megawatt hours in May 2024, up 28.11% year-on-year. The total electricity sales volume for the first five months of 2024 was 52,445,473 megawatt hours, an increase of 32.70% from the same period last year. The sales volume of various types of power plants shows that hydropower, wind power and photovoltaic power generation have significantly increased by 97.56%, 43.19% and 108.44%, respectively, while coal-fired power generation has decreased by 17.45%. Natural gas power generation decreased slightly by 5.91%, while eco-friendly power generation increased by 44.73%. Among the main joint venture or cooperative power plants of China Power, the wind power and coal-fired power generation decreased by 17.10% and 19.56%, respectively, while the photovoltaic power generation increased by 94.40%. On June 20, 2024, He Xi, Chairman of China Power, issued a statement and reminded shareholders to be cautious when selling company shares.