00836 CHINA RES POWER
- 21.500
- +0.100+0.47%
CHINA RES POWER News
Express News | National Bureau of Statistics: In April, the regulated industrial power generation capacity of 690.1 billion kilowatt-hours increased by 3.1% year-on-year
China Resources 39 and China Resources Electric Power enter into a cooperation agreement on proposed cooperation related to new energy projects
Gelonghui, May 16, 丨 China Resources Pharmaceutical (03320.HK) issued an announcement. On May 15, 2024, China Resources 39 (an indirect non-wholly-owned subsidiary of the company) and China Resources Electric Power signed a cooperation agreement on proposed cooperation related to new energy projects. The period starts on May 15, 2024 and ends on December 31, 2024. According to the cooperation agreement, China Resources 39 and China Resources Electric Power have agreed to cooperate with each other on new energy power generation projects (“new energy projects”) for “medicinal photovoltaic complementary” photovoltaic power generation projects and other new energy projects for which development rights have already been obtained, in the following manner. It is expected to cooperate with China Resources Electric Power Group on new energy projects
China Resources Power, China Resources Sanjiu to Continue Cooperating on New Energy Projects
China Resources Power (HKG:0836) and China Resources Sanjiu Medical & Pharmaceutical (CR Sanjiu) have agreed to continue their cooperation on new energy projects under a 2024 cooperation agreement, ac
CR Sanjiu Ties Up With China Resources Power on New Energy Projects
China Resources Sanjiu Medical and Pharmaceutical (SHE:000999) agreed to cooperate with China Resources Power Holdings (HKG:0836) on new energy generation projects, the company said in its filing on t
Express News | CICC: In the medium to long term, the opportunities outweigh the risks in the medium to long term, and may still be dominated by structural opportunities in the short term
Hong Kong Stock Concept Tracking | Strong growth in electricity consumption in the first quarter, institutions believe the sector is expected to experience improved profits and revaluation (with concept stocks)
The Zhitong Finance App learned that on May 14, the National Development and Reform Commission announced the revised “Basic Rules for the Operation of the Electricity Market” (hereinafter referred to as the “Rules”). The “Rules” have further adjusted the relevant market scope, operating agency, and transaction entity statements. At the same time, they have improved statements relating to market members and types of market transactions, improved definitions and transaction methods such as electricity energy and ancillary service transactions, and further refined requirements related to risk prevention and control. The new regulations will come into effect on July 1, 2024. Meanwhile, the electricity sector has continued to soar recently. In terms of news, recently a piece of news about the increase in electricity prices for residents spread on social media platforms. According to
Express News | China Resources 39: Signed the “New Energy Power Generation Project Cooperation Agreement” with China Resources Electric Power
Express News | China Resources 39: Signed a new energy power generation project cooperation agreement with China Resources Electric Power
Express News | CITIC Construction Investment: The power equipment sector excels and has entered a long boom cycle
A quick look at the Hong Kong market | The three major indices have risen one after another. Technology Network stocks and power stocks are popular. Bilibili has risen more than 6%, and Huadian International has risen nearly 8%
Biotech stocks had mixed ups and downs. Pharmaceutical and Ming Union fell%, and Jinxin Fertility rose%; shipping stocks rose, with Dongfang Overseas International, COSCO Marine Control, and COSCO Marine Energy up nearly 6%.
Changes in Hong Kong stocks | Huadian International (01071) rises nearly 7%, leading power stocks, China Telecommunication Union expects electricity consumption growth to exceed 8% in the first half of the year
The Zhitong Finance App learned that power stocks continued to rise in early trading. As of press release, Huadian International (01071) rose 5.99% to HK$4.6; Huaneng International (00902) rose 4.72% to HK$5.33; Datang Power (00991) rose 3.77% to HK$1.65; and China Resources Electric (00836) rose 2.13% to HK$21.55. According to the news, recently, the China Telecommunication Union released the “National Electricity Supply and Demand Situation Analysis and Forecast Report for the First Quarter of 2024”. The report predicts that the entire society will consume 9.8 trillion kilowatt-hours of electricity in 2024, an increase over 2023
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Changes in Hong Kong stocks | China Resources Electric (00836) rose more than 5%, leading the way, rumors of dividend tax relief for power stocks boosted sentiment, agencies say power companies' dividend rates are expected to increase
The Zhitong Finance App learned that power stocks rose in early trading. As of press release, China Resources Power (00836) rose 5.03% to HK$20.9; Huadian International (01071) rose 3.63% to HK$4.28; Huaneng International (00902) rose 3.7% to HK$5.04; and Datang Power (00991) rose 3.27% to HK$1.58. According to the news, yesterday evening, news about “the dividend tax to be paid by mainland individual investors to invest in Hong Kong stocks may be considered for reduction” quickly spread in the industry. However, this has not been officially confirmed. CICC believes that if Hong Kong stocks prosper
Hong Kong power stocks fluctuated and rallied. China Resources Electric Power rose more than 5%, Huaneng International Power rose more than 3%, and China Electric Power, Datang Power, and Huadian Power all rose more than 2%.
Hong Kong power stocks fluctuated and rallied. China Resources Electric Power rose more than 5%, Huaneng International Power rose more than 3%, and China Electric Power, Datang Power, and Huadian Power all rose more than 2%.
Zhitong Hong Kong Stock Market Unravels | Fishtail Prickly Market Returns to High Dividends, Multiple Benefits Stimulate Medicine
Sure enough, the “fish tail is prickly” market. Both markets have adjusted today, and the net sales of Northbound Capital today were 4,044 billion yuan. The Hang Seng Index closed down 0.90%, falling below the 5-day EMA.
China Resources Electric Power (00836.HK) appoints Wei Weifeng as company secretary
Gelonghui May 8 | China Resources Electric (00836.HK) announced that Su Yaofeng has resigned as company secretary since May 8, 2024. On the same day, it was announced that Wei Weifeng has been appointed as company secretary with effect from May 8, 2024.
China Resources Electric Power (0836.HK): Profits continue to improve, dividends continue to rise
Falling fuel costs have boosted profits. In 2023, the company achieved revenue of HK$103.334 billion, which is basically the same as the previous year. Of these, thermal power and renewable energy achieved revenue of HK$800.53/23.281 billion respectively
Daehan Rating | Daiwa: Downgraded Rundian Rating to “Hold” Target Price Slightly to HK$20
Gelonghui, May 6 | Yamato released a report stating that coal prices fell in the first quarter of this year, and profits of independent coal-fired power producers (IPP) rose sharply. Rundian's stock price has risen 22% year to date, outperforming Huaneng Guodian, which has risen 17%. Despite Rundian's low leverage ratio, coal-fired power generation accounts for only 72%, compared to Huaneng Guodian's share of 88%. The bank estimates that the downward trend in coal prices has been reflected in stock prices. Recently, coal prices have rebounded, and Rundian may face a high base for profit in the third quarter. Rundian's wind power generation increased 17% year-on-year in the first quarter, superior to the industry's Longyuan Electric Power and Datang New Energy, partially offsetting electricity prices
Yamato: Downgraded China Resources Electric Power's rating to “hold” and slightly reduced the target price to HK$20
Daiwa released a research report stating that China Resources Power's rating was lowered from “outperforming the market” to “holding”, and the target price was slightly reduced from HK$20.4 to HK$20. Investors were advised to leave the market profitably. The priority updates for China's independent power generation industry were hydropower, coal-fired power plants, nuclear energy, and renewable energy, respectively. Coal prices fell in the first quarter of this year, and the profits of independent producers of coal-fired power generation increased sharply. The downward trend in coal prices in this bank is already reflected in stock prices. Recently, coal prices have rebounded, and Rundian may face a high base for profit in the third quarter.
China Telecommunication Union: In the first quarter, electricity trading centers across the country organized a total of 1424.84 billion kilowatt-hours and an increase of 7.7% year-on-year
On April 30, the China Telecommunication Union released a summary of the national electricity market transactions from January to March 2024.
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