The Zhitong Finance App learned that Yamato released a research report saying that Huaneng International Power Co., Ltd. (00902)'s second-quarter performance was weak. Recurring profit fell 54.7% year on year to 1,817 billion yuan, and net profit fell 51% to 2.02 billion yuan. Profits in coal power, wind power, and solar energy businesses also fell. Yamato pointed out that the second-quarter results confirm that Huaneng's profit may have peaked last year, and pressure on electricity prices is increasingly offsetting the favorable factors of falling coal prices. The bank reaffirmed the company's “outperforming the market” rating and the target price for H shares of HK$5.2.

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