China Power’s February 2026 Electricity Sales Drop on Weaker Coal and Renewables Output

China Power International Development ( (HK:2380) ) has shared an update.

China Power International Development reported that its group electricity sales fell to 8,132,358 MWh in February 2026, down 17.06% year on year, while total sales for the first two months of 2026 declined 6.03% to 18,591,901 MWh. The drop was driven mainly by weaker output from coal-fired, wind and photovoltaic power plants, partially offset by growth in environmental power and some hydropower and gas generation, with management cautioning investors that the figures are preliminary and unaudited.

Electricity sales from major associates and joint ventures also decreased 18.86% in February to 2,499,970 MWh, though their two-month total was broadly flat at 6,896,293 MWh. The softer sales, particularly in coal-fired generation, may signal pressure on traditional thermal operations even as the company’s renewable and environmental segments show mixed but generally more resilient performance, underscoring shifting demand patterns and an evolving generation portfolio.

The most recent analyst rating on (HK:2380) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.

More about China Power International Development

China Power International Development is a Hong Kong-incorporated power producer focused on a diversified generation mix including hydropower, wind, solar photovoltaic, coal-fired, natural gas and environmental power plants. The company operates both wholly owned or controlled facilities and stakes in major associates and joint ventures, serving China’s electricity market through conventional and renewable energy sources.

Average Trading Volume: 26,089,731

Technical Sentiment Signal: Buy

Current Market Cap: HK$41.32B

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