Summary by Futu AI
China Power Sales in Hong Kong increased by 3.7% year-on-year to 7.279 million in the three months ended 31 March 2024, according to the business situation of China Holdings Limited (CHP Holdings). The company saw a rise in electricity usage across customer categories due to warming weather and leap year effects. China's electricity costs are controlled and fuel diversification strategies have reduced fuel adjustment costs to HK$43.9 cents per litre in May, average net electricity prices are down 1.7% from the beginning of the year, and more than HK$2 billion through the CHP Community Energy Saving Fund provides electricity bill subsidies to vulnerable communities. China's zero-carbon energy business performed well in the first quarter and plans to expand its renewable...Show More