On May 28, Huaneng International Power (00902.HK) rose 3.14% in regular trading, reaching HKD 6.9 per share, with trading volume of HKD 121 million.

On the news front, the company recently announced a proposed final dividend of RMB 0.40 per share for fiscal year 2025, totaling approximately RMB 6.279 billion. The dividend is subject to shareholder approval at the annual general meeting scheduled for June 16, with H-share holders registered as of July 2 entitled to receive the payout. Market participants have also noted that short positions on the H-share float have exceeded 10%, while Hong Kong Stock Connect holdings surpass 55%, creating conditions for a potential short squeeze ahead of the dividend record date.

Fundamentally, the company reported Q1 coal-fired power profit per kilowatt-hour rising 15.69% year-over-year to RMB 0.0555, demonstrating successful cost pass-through despite a 5.77% decline in generation volume. Additionally, reports of Southern Power Grid breaking its historical peak load record one month early have reinforced expectations of tight summer electricity supply, further supporting the bullish case for thermal power generators.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)