FINWIRES · TerminalLIVE
FINWIRES

Guangdong Electric Power Development's Power Generation Rises 18% in Q1

By

Guangdong Electric Power Development's (SHE:000539) power generation increased 18% year over year to 29.8 billion kilowatt-hours in the first quarter, according to a Tuesday filing with the Shenzhen bourse.

Coal-fired power generation jumped 23% year over year to 22.3 billion kWh, while gas-fired power generation fell 4.9% year on year to 4.55 billion kWh.

Wind power generation surged 22% to 1.63 billion kWh, while photovoltaic power generation jumped 17% to 1.03 billion kWh.

Hydropower generation rose 31% to 84 million kWh and biomass power output grew 13% to 195 million kWh.

Installed capacity for the first quarter reached 47.5 million kilowatts.

Shares increased nearly 1% during afternoon trading on Tuesday.

Related Articles

Asia

Farglory Land Development OKs NT$3.8 Billion Construction Project

Farglory Land Development (TPE:5522) approved a NT$3.8 billion construction contract for a project in Tainan's East District, according to a Monday Taiwan Exchange filing.Shares slid over 1% in Tuesday's late morning trade.The contract involves a joint venture to develop land in the Dongguang Section, with work to be carried out by its unit, Farglory Construction.The project is expected to support future revenue growth upon completion.The company did not disclose a timeline for the project.

$TPE:5522
Asia

China Northern Rare Earth Forecasts Up to 118% Rise in Q1 Profit; Shares Fall 4%

China Northern Rare Earth (SHA:600111) expects attributable profit to jump 109% to 118% to between 900 million yuan and 940 million yuan in the first quarter from 430.6 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.The upbeat forecast is attributable to a price increase in rare earths, as well as cost reduction and risk control, the filing said.Shares fell 4% during the midday break.

$SHA:600111
Asia

Sinomach's 2025 Profit Slips 7%, Revenue Jumps 14%; Shares Up 5%

Sinomach Precision Industry's (SHE:002046) net profit attributable to shareholders in 2025 slipped 7% to 260.3 million yuan from 279.8 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.Earnings per share fell 8% year on year to 0.49 yuan from 0.53 yuan.Operating revenue jumped 14% to 3.02 billion yuan from 2.66 billion yuan in the previous year.The Chinese industrial equipment manufacturer's shares jumped 5% during the morning trade.

$SHE:002046