Summary by Futu AI
China Power International Development Limited ("China Power") announced a positive profit forecast on July 10, 2024, expecting that the equity holders' attributable profit for the six months ended June 30, 2024 will increase by about 45% to 55% compared to the same period in 2023. The main gains come from the increase in hydropower plant electricity output, contributions from newly acquired clean energy projects, and the decline in fuel costs for coal-fired power generation. The forecast is based on a preliminary review of unaudited and unreviewed comprehensive management accounts and current information, and the expected profit will be between RMB 2.68 billion and 2.87 billion. The company reminds shareholders and potential investors to trade with caution and seek independent professional advice. Unaudited financial information is expected to be announced in late August 2024.