大摩表示，华能上半年火电与光伏为盈利增长的主要动能，两者电价保持稳健，燃煤发电受益于燃料成 本下降，第二季单位利润维持在0.044元/千瓦时(2024年同期为0.015元/千瓦时)。光伏则因新增产能持续 释放而表现强劲，单位利润仅同比下降0.5分。风电单位利润下降趋势亦较预期温和，同比下降1.9分， 但减幅较2025年第一季有所改善。 智通财经APP获悉，摩根士丹利发布研报称，华能国际电力股份(00902)今年第二季净利润同比大幅增长 50%，达到43亿元人民币(下同)，高于该行此前预期的36亿元，主要得益于燃煤与光伏发电利润超出预 期。评级为"与大市同步"，目标价5.5港元。 ...

金融界消息 截至2025年7月30日收盘，华能国际（600011）报收于7.62元，上涨8.39%，换手率3.32%， 成交量364.95万手，成交金额27.40亿元。 资金流向方面，今日主力资金净流入2.42亿元，占比成交额8.85%。其中，超大单净流入3.12亿元、占 成交额11.39%，大单净流出6980.62万元、占成交额2.55%，中单净流出流出17880.12万元、占成交额 6.53%，小单净流出6357.71万元、占成交额2.32%。 华能国际最新一期业绩显示，截至2025中报，公司营业总收入1120.32亿元、同比减少5.70%，归属净利 润92.62亿元，同比增长24.26%，扣非净利润88.06亿元，同比增长22.64%，流动比率0.570、速动比率 0.505、资产负债率64.52%。 天眼查商业履历信息显示，华能国际电力股份有限公司，成立于1994年，位于保定市，是一家以从事电 力、热力生产和供应业为主的企业。企业注册资本1569809.3359万人民币，实缴资本814725.4623万人民 币。公司法定代表人为王葵。 通过天眼查大数据分析，华能国际电力股份有限公司共对外投资了209家 ...

7月30日午间开盘，A股三大指数红盘震荡。板块题材上，创新药、影视院线板块走高，电池、数字货 币、多元金融板块调整。截至14：02，跟踪中证A500指数的A500ETF基金（512050）走高后小幅回 调，持仓股华能国际触及涨停。卫星化学、包钢股份、科伦药业、张江高科等持仓股强势上涨，涨幅超 过5%。截至发稿，该ETF盘中成交额突破38亿元。 中国银河证券首席经济学家章俊表示，"稳股市"已成为提振信心、稳定预期的关键抓手，政策重心已转 向结构性增效，强调以深化改革释放市场内生动力，持续健全常态化的稳市机制安排，将为资本市场高 质量发展创造更加良好的环境。 （文章来源：每日经济新闻） 消息面上，A500ETF基金（512050）持仓股华能国际公布了2025年半年度业绩，公司归属于上市公司股 东的净利润约92.62亿元，同比增长24.26%。 ...

Core Viewpoint - Morgan Stanley reported that Huaneng International Power's net profit for Q2 this year increased significantly by 50% year-on-year, reaching 4.3 billion yuan, exceeding the bank's previous expectation of 3.6 billion yuan, primarily driven by better-than-expected profits from coal and photovoltaic power generation [1] Financial Performance - The main drivers of profit growth in the first half of the year were thermal and photovoltaic power, with both maintaining stable electricity prices [1] - Coal-fired power generation benefited from a decrease in fuel costs, with Q2 unit profit remaining at 0.044 yuan per kilowatt-hour, compared to 0.015 yuan per kilowatt-hour in the same period of 2024 [1] - Photovoltaic power generation showed strong performance due to the continuous release of new capacity, with unit profit only declining by 0.5 cents year-on-year [1] Wind Power Performance - The unit profit for wind power showed a milder decline than expected, decreasing by 1.9 cents year-on-year, but the reduction was an improvement compared to Q1 2025 [1] Investment Rating - Morgan Stanley maintains a "Market Perform" rating for Huaneng International Power, with a target price set at 5.5 Hong Kong dollars [1]

Group 1 - The A-share power sector experienced a significant rally, with Huaneng International hitting the daily limit up [1] - Other companies such as Huadian International, Datang Power, Guodian Power, Longyuan Power, and China General Nuclear Power also saw increases in their stock prices [1]

Core Viewpoint - The A-share electricity sector experienced a short-term surge, with Huaneng International hitting the daily limit, followed by increases in Guodian Power, Longyuan Power, Shanghai Electric, Chuanwei Energy, *ST Baoshi, and Guotou Power [1] Company Summary - Huaneng International reached the daily limit in stock price increase, indicating strong market interest and potential investor confidence [1] - Guodian Power, Longyuan Power, Shanghai Electric, Chuanwei Energy, *ST Baoshi, and Guotou Power also saw significant stock price increases, reflecting a broader positive trend in the electricity sector [1]

Investment Rating - The investment rating for the company is "Buy" [5][5]. Core Views - The company's profitability from coal power continues to improve, with a significant increase in net profit in the second quarter of 2025, driven by a decrease in coal prices [1][2]. - The company has accelerated its renewable energy construction, achieving 62.6% of its annual new installed capacity target in the first half of 2025 [3]. - The overall profit trend for 2025 is expected to remain positive, supported by rising electricity demand during peak summer periods [1][2]. Summary by Sections Financial Performance - In the first half of 2025, the company reported revenue of 1120.32 billion yuan, a year-on-year decrease of 5.7%, while net profit attributable to shareholders was 92.62 billion yuan, an increase of 24.3% [1]. - In the second quarter of 2025, revenue was 516.97 billion yuan, down 3.3% year-on-year, with net profit of 42.89 billion yuan, up 50.1% year-on-year [1]. Coal Power Segment - The coal power segment saw a total profit per kilowatt-hour increase of 2.9 cents year-on-year, despite a slight decrease in electricity prices and a 7.1% drop in electricity generation [2]. - The profit per kilowatt-hour for coal power in the second quarter of 2025 was 4.4 cents, reflecting a year-on-year increase of 2.9 cents [2]. Renewable Energy Segment - The company completed 62.6% of its annual new installed capacity target in the first half of 2025, with a total of 6262.91 MW of new wind and solar capacity [3]. - The total profit from wind and solar energy in the second quarter of 2025 was 29.17 billion yuan, slightly exceeding expectations due to higher-than-expected solar capacity additions [3]. Profit Forecast and Valuation - The forecast for net profit attributable to shareholders for 2025 is maintained at 125 billion yuan, with a target price of 9.02 yuan per share for A-shares and 5.97 HKD for H-shares [4][5]. - The company is valued at a PE ratio of 20.0x and a PB ratio of 0.98x, reflecting a premium due to stronger profitability in renewable energy and robust performance in coal power auxiliary services [4].

Group 1 - Tian Tie Technology's wholly-owned subsidiary signed a procurement order worth 400 million yuan with Zhuhai Xinjie Energy Technology [1] - Shenli Co., Ltd. announced the termination of a share transfer agreement due to the buyer's failure to pay [1] - *ST Tianwei expects a net profit of 30.06 million yuan for the first half of 2025, a significant increase compared to the previous year [2] Group 2 - Weisheng Information reported a net profit of 305 million yuan for the first half of 2025, up 12.24% year-on-year [3] - Fudan Microelectronics anticipates a net profit decline of 39.67% to 48.29% for the first half of 2025 [3] - Jinbei Electric achieved a net profit of 296 million yuan for the first half of 2025, a 7.46% increase year-on-year [4] Group 3 - Huaneng International reported a net profit of 9.262 billion yuan for the first half of 2025, a 24.26% increase year-on-year [4] - Quzhou Development is planning to issue shares to acquire assets, leading to a temporary stock suspension [4] - Huaye Fragrance's controlling shareholder plans to reduce their stake by up to 3% [5] Group 4 - Zhongbei Communication's subsidiary terminated a planned acquisition due to a lack of consensus on key issues [6] - Saiwei Electronics' major shareholder reduced their stake by 1.06% [7] - Suzhou Planning's shareholders plan to collectively reduce their stake by up to 4.5% [7] Group 5 - *ST King Kong received court approval for a new 100 million yuan debt during its pre-restructuring period [8] - Anche Detection's controlling shareholder is planning a change in control, resulting in a temporary stock suspension [9] - Ruishun Technology's shareholders plan to reduce their stake by up to 3.0013% [11] Group 6 - Guanghuan New Network's controlling shareholder's associates plan to reduce their stake by up to 0.08% [13] - Shanghai Auto Parts' shareholders plan to reduce their stake by up to 1.75% [14] - Aosaikang's shareholder plans to reduce their stake by up to 1.48% [14] Group 7 - Edifier's director plans to reduce their stake by up to 850,810 shares [14] - Xintian Pharmaceutical elected a new chairman and vice chairman [15] - Sanbaisuo adjusted its investment plan to increase investment in its subsidiary in Vietnam by 20.52 million USD [17]

原标题：中国华能积极应对强降雨天气 华能华北分公司密切关注天气变化和气象预警，第一时间启动防汛应急响应，组织各单位认真做好防汛 设备设施检查，全力保障职工群众生命财产安全和京津地区能源供应安全稳定。所属北京热电厂加强值 班值守，组建抢险预备队，排查移动电源、水泵等应急物资，确保应急人力物力充足。电厂提前对厂区 排水管沟进行再检查再清理，加强厂房、电缆沟、开关室等重点区域巡查；提前试运转雨水泵等排水设 备，确保强降雨来临时设备安全运转。（柳田 武新苗） 近日华东、华北、东北等地持续遭遇强降雨，引发洪涝和地质灾害，造成北京、河北等地重大人员伤亡 和财产损失。中国华能党组深入贯彻落实党中央关于防汛救灾工作的重要指示精神，专题研究防汛救灾 工作和汛期安全生产，周密部署各项防汛措施，切实做好迎峰度夏和防洪度汛期间安全生产工作，全力 保障人民生命财产安全和电力安全稳定供应。 汛情就是动员令，险情就是冲锋号。华能系统各单位闻"汛"而动、全力以赴，密切跟踪暴雨预警信息， 及时调整设备运行方式，紧盯守牢重点部位，抓实抓细防汛抢险救灾各项工作，确保电力稳定供应。 华能河北分公司靠前指挥、科学调度，突出抓好人身安全、能源安全保供两 ...

受华能国际电力亮眼业绩股价大涨带动，港股市场电力股集体逆势上涨。其中，华能国际电力股份涨超 6%，大唐发电涨3%，华电国际电力股份、华润电力涨超2%，新天绿色能源涨超1%。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 00902 | 华能国际电力股份 | 6.40% | 5.320 | 835.14亿 | | 00991 | 大唐发电 | 3.03% | 2.040 | 377.54亿 | | 01071 | 华电国际电力股份 | 2.88% | 4.290 | 467.89亿 | | 00836 | 华润电力 | 2.39% | 20.150 | 1043.18亿 | | 00956 | 新天绿色能源 | 1.19% | 4.260 | 179.16亿 | | 01798 | 大唐新能源 | 0.85% | 2.360 | 171.66亿 | | 00916 | 龙源电力 | 0.41% | 7.310 | 611.1亿 | | 01133 | 哈尔滨电气 | 0.39% | 7.710 | 172.42亿 | | 00 ...