CGN New Energy's Power Output Jumps 31% in September

MT Newswires Live
15 Oct 2024

CGN New Energy's (HKG:1811) total power generation increased 30.9% to 1,593.9 gigawatt-hours in September from 1,217.2 gigawatt-hours in the year-ago period, according to a Tuesday filing with the Hong Kong Exchange.

Power output from its wind projects soared 50.2% to 869.2 gigawatt-hours from 578.7 gigawatt-hours a year ago, while power from solar projects surged 25.6% to 182.1 gigawatt-hours from 145.0 gigawatt-hours last year.

From its Korea projects, power generation increased by 10.4% to 488.8 gigawatt-hours for September from 442.8 gigawatt-hours recorded for September last year.

For the nine months ended September, power generation increased by 1.4% to 14,652.8 gigawatt-hours from 14.454.2 gigawatt-hours a year earlier.

The power generation company's shares closed nearly 4% lower on Tuesday.

Price (HKD): $2.24, Change: $-0.090, Percent Change: -3.86%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10