Ge Long Hui·2025-10-21 06:05Core Viewpoint - Citigroup's research report indicates that China Huadian International Power is benefiting from a decrease in unit fuel costs and a reduction in the extent of on-grid power generation cuts, which offsets the impact of lower on-grid electricity prices. As a result, the company is expected to see a year-on-year net profit growth of 40.7% to 2.4 billion yuan in the third quarter [1] Summary by Category - Profit Forecast - The company is projected to achieve a net profit of 6.4 billion yuan for the first three quarters of the year, representing a year-on-year growth of 22%, exceeding market expectations [1] - Market Positioning - Citigroup has initiated a 30-day positive catalyst observation for the company, maintaining a "Buy" rating with a target price set at 5.25 HKD [1]