According to a research report published by CGN Power, CGN Power's feed-in power fell 3.3% year on year to 109.6 million megawatt-hours in the first half of the year, the average unit usage time fell 6.1% year on year to 3,554 hours, and the share of market-based electricity price sales rose 9.8 percentage points year on year to 65.9% year on year. Currently, it is predicted that net profit for the second quarter will drop 7.8% year on year to 2.7 billion yuan, mainly affected by the increase in market-based sales share. Citi believes that the rise in spot electricity prices in Guangdong Province in the second quarter had limited impact on CGN, as more than 95% of marketable electricity was sold through Changxie. In response to the decline in utilization hours, Citi lowered CGN Electric's 2026-2028 net profit forecast by 3% to 6%, and the target price was lowered by 23% to HK$2.45 from HK$3.2 to maintain the “sale and sale” rating. It believes that the profit decline and the predicted dividend rate for 2026 is only 3.8%. The current price is not attractive.

According to a research report published by CGN Power, CGN Power's feed-in power fell 3.3% year on year to 109.6 million megawatt-hours in the first half of the year, the average unit usage time fell 6.1% year on year to 3,554 hours, and the share of market-based electricity price sales rose 9.8 percentage points year on year to 65.9% year on year. Currently, it is predicted that net profit for the second quarter will drop 7.8% year on year to 2.7 billion yuan, mainly affected by the increase in market-based sales share. Citi believes that the rise in spot electricity prices in Guangdong Province in the second quarter had limited impact on CGN, as more than 95% of marketable electricity was sold through Changxie. In response to the decline in utilization hours, Citi lowered CGN Electric's 2026-2028 net profit forecast by 3% to 6%, and the target price was lowered by 23% to HK$2.45 from HK$3.2 to maintain the “sale and sale” rating. It believes that the profit decline and the predicted dividend rate for 2026 is only 3.8%. The current price is not attractive.