China's CGN Power hits 2-week low as Q1 profit falls

CGN Power

24/04/2025 04:14

** Hong Kong shares of CGN Power 1816.HK fall 3.6% to HK$2.44, their lowest since April 9

** Shenzhen-listed stock 003816.SZ slips 1.4% to 3.53 yuan, lowest since April 11

** Electricity producer's Q1 net profit falls 16.1% y/y to 3.03 bln yuan ($415.33 mln)

** Hang Seng Composite Index tracking energy stocks .HSCIE eases 0.8%, Hang Seng Index .HSI falls 1%

** YTD, Hong Kong stock down 14.4%, Shenzhen shares down 14%

($1 = 7.2954 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))