Electricity stocks declined across the board. As of press release, Datang Power (00991) fell 3.27% to HK$1.48; Huaneng International (00902) fell 3.15% to HK$4.92; and Huadian International (01071) fell 3.08% to HK$4.4.
The Zhitong Finance App learned that power stocks were lower across the board. As of press release, Datang Power (00991) fell 3.27% to HK$1.48; Huaneng International (00902) fell 3.15% to HK$4.92; Huadian International (01071) fell 3.08% to HK$4.4; and China Resources Electric (00836) fell 0.41% to HK$19.6.
According to the news, according to Cinda Securities, the average price of electricity purchased by agents fell year on year in April, and there was a slight increase from month to month. The average monthly electricity purchase price in April was 411.83 yuan/MWh, up 0.68% month-on-month and 5.34% year-on-year. Monthly trading prices in Guangdong continued to fall month-on-month in April; electricity prices in the spot market fell significantly month-on-month in March; spot trading prices in Shanxi fell significantly month-on-month in March; and the average spot price in Shandong continued to decline in March.
Furthermore, according to data from the National Bureau of Statistics, in March, industrial power generation was 747.7 billion kilowatt-hours, up 2.8% from the previous year, and the growth rate fell 5.5 percentage points from January-February. By type, in March, according to regulations, the growth rate of industrial hydropower, wind power, and solar power generation accelerated, the growth rate of thermal power declined, and nuclear power changed from increase to decline. Among them, industrial thermal power increased 0.5% year-on-year according to regulations, and the growth rate fell 9.2 percentage points from January-February.