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An update from China Power International Development ( (HK:2380) ) is now available.
China Power International Development reported that its 55.13%-owned subsidiary SPIC Hydropower posted an 18.55% year-on-year decline in first-quarter 2026 revenue to RMB2.47 billion, but net profit attributable to shareholders surged 168% to RMB393 million. Basic earnings per share tripled to RMB0.09, supported by higher underlying profitability, as net profit excluding extraordinary items rose 176.2%, while total assets and shareholder equity grew modestly, though the company cautioned that these figures reflect only the subsidiary and not the group’s overall financial position.
SPIC Hydropower’s comparative figures for early 2025 were restated under PRC GAAP rules for business combinations under common control following an asset restructuring that made it a subsidiary of China Power. The restructuring has allowed SPIC Hydropower to account for acquired operations as if owned in prior periods, clarifying performance trends for investors, but China Power advised shareholders and potential investors not to rely solely on the subsidiary’s results when assessing the group as a whole.
The most recent analyst rating on (HK:2380) stock is a Hold with a HK$3.30 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 with a growing focus on hydropower through its majority-owned subsidiary SPIC Hydropower Co., Ltd., which is listed on the Shanghai Stock Exchange. The group operates within China’s electricity sector, expanding its renewable generation portfolio and consolidating assets under common control to strengthen its position in low‑carbon power.
Average Trading Volume: 26,151,024
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$40.95B
Learn more about 2380 stock on TipRanks’ Stock Analysis page.