Industrial Securities: Maintains "Buy" Rating on China Resources Power (00836.HK); Thermal Power Stable, Green Power Under Pressure

Zhito Finance APP has learned that Industrial Securities has issued a research report stating that it forecasts China Resources Power's (00836.HK) net profit attributable to parent for 2026-2028 to be HK$11.503 billion, HK$12.722 billion, and HK$13.395 billion, respectively, representing year-on-year changes of -20.8%, +10.6%, and +5.3%, and maintains a "Buy" rating. China Resources Power has released its 2026 interim report. In the first half of the year, the company achieved operating revenue of HK$54.977 billion, up 9.37% year on year; profit attributable to owners of the company was HK$6.649 billion, down 15.53% year on year; the sales gross margin for the period was 52.08%, down 4.26 pct year on year; financial expenses increased by HK$357 million year on year, while the share of results of associates and joint ventures increased by HK$1.020 billion year on year. In addition, the company plans a cash dividend of HK$0.321 per share, corresponding to a payout ratio of 25.0%, up 1.6 pct year on year.