The power sector drops sharply, with JinKong Power, China Power LiaoNeng, and others hitting the daily limit down.

The power sector plunged sharply during trading on the 30th. As of the time of this report, shares of Huaneng Power International, Jinka Xineng, Jinkong Electric Power, Huaneng Liaoning Energy, Changyuan Power, and others have hit their daily trading limits.

Huaneng Liaoning Energy said earlier that the company’s stock price has risen by a large amount in the short term and has seriously deviated from the Shanghai Composite Index and the industry index of the power and heat production and supply sector in which the company operates. After verification, the company’s current production and operating activities are running normally. Its main business is thermal power generation, with thermal power installed capacity accounting for 82.56%. There has been no major change in its day-to-day operating conditions. It does not involve any projects related to “power generation cooperation.” The market environment or industry policies have not undergone major changes. There has been no significant fluctuation in production costs, sales, or other related factors, and the company’s internal production and operating order is normal.

Jinkong Electric Power also said that its main business is primarily thermal power generation. As of the 2025 interim period, its power revenue accounts for 86.31% of the company’s operating revenue, while its heat revenue accounts for 7.73%. Other business revenue makes up a relatively low proportion. At present, there has been no major change in the company’s operating policy and main business, and the company expects there will be no major change in the next 12 months.

Huaneng Power said that the stock price has increased by a considerable cumulative amount and has now seriously deviated from the company’s fundamentals as a listed company. There is a possibility that the company’s stock price could experience rapid declines at any time in the future. From March 9 to March 26, over 14 trading days, the company’s share price rose cumulatively by 140.07%. During that period, substantial trading risks have already accumulated. The company advises the vast number of investors to pay attention to risks in secondary-market trading, make rational decisions, and invest prudently. After verification, the company’s current production and operating activities are running normally, and there has been no major change in day-to-day operating conditions. The market environment or industry policies have not undergone major changes. There has been no significant fluctuation in production costs, sales, and other factors, and the company’s internal production and operating order is normal.