Changes in Hong Kong stocks | Power Development (01277) Earnings rose more than 8% after earnings are expected to increase 31% to 40% year-on-year in the first half of the year net profit after tax

The Zhitong Finance App learned that Power Development (01277) saw a profit increase of more than 8%. As of press release, it had risen 7.63% to HK$2.045, with a turnover of HK$306.15,600.

According to the news, on August 10, Power Development issued an announcement. It is estimated that net profit after tax will be approximately RMB 730 million to 780 million yuan in the first half of 2026, an increase of 31% to 40% over the previous year.

According to the announcement, the company's performance increased significantly year-on-year in the first half of 2026, mainly due to: driven by a recovery in coal prices in the market, the average sales price of the Group's coal products increased by about 18% year-on-year in the first half of 2026, and profits from the main coal business increased; thanks to the Group's continuous implementation of efficient financial control measures, the Group's profit level further increased. In the first half of 2026, the unit cost of the Group's coal products fell between 9% and 12% year on year, and management expenses and sales expenses fell between 5% and 7% year on year.