China's CGN New Energy hits near 2-year low on weak earnings outlook
12/08/2026 04:48
BUZZ-China's CGN New Energy hits near 2-year low on weak earnings outlook ** Shares of CGN New Energy Holdings 1811.HK drop 11.1% to HK$2.005, their lowest level since September 2024
** Stock on track for the biggest one-day pct decline since October 2024, snapping two straight sessions of gain
** The Chinese power plants operator expects its profit attributable for six months ended in June to drop 49.8% y/y amid lower tariff and power generation in wind projects in China, among others
** YTD, stock down 17.1%, benchmark Hang Seng Index .HSI down 1.1%
(Reporting by Donny Kwok)
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