Huaneng Power International (HK:0902) has released an update.
Huaneng Power International’s third quarter report for 2024 shows a slight increase in operating revenue despite a significant drop in net profits, which have fallen by over 52% compared to the same period last year. The company’s net cash flows from operating activities improved by nearly 28%, signaling potential operational resilience. However, the basic earnings per share have decreased by 57%, reflecting challenges in maintaining profitability.
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