00916 CHINA LONGYUAN
- 7.080
- +0.070+1.00%
CHINA LONGYUAN News
Hong Kong stocks fluctuate | Wind power stocks continue to rise, china's wind power installed capacity's 'going global' effect is significant. Institutions expect the growth of offshore wind to continue to accelerate.
Wind power stocks continue to rise, as of the time of publication, Goldwind Science & Technology (02208) rose by 6.01%, closing at 7.23 Hong Kong dollars; China Longyuan (00916) rose by 4.95%, closing at 7.21 Hong Kong dollars; Concord NE (00182) rose by 3.7%, closing at 0.56 Hong Kong dollars; Datang Renew (01798) rose by 1.32%, closing at 2.3 Hong Kong dollars.
Citigroup: china longyuan (00916.HK) received cheap assets from its parent company, making it the industry's preferred goldwind science& technology (02208.HK).
Citigroup research report shows that China Longyuan Power (00916.HK) announced the acquisition of eight wind power companies from its parent company, involving an installed capacity of 2.0329 million kilowatts, with a merger capacity growth of 4.9%. The acquisition price seems relatively cheap. Since some companies are still under construction, their future net profit remains uncertain. The bank assumes that after they start production, these companies will drive Longyuan's net profit growth by about 3%. The bank believes that this acquisition may have a positive impact on earnings per share, as the majority of the 1.686 billion RMB consideration will be financed through debt, and Longyuan Power's average debt in the first half of 2024
China Longyuan Power to Buy Stakes in Parent's Eight Energy Companies for 1.69 Billion Yuan; Shares Soar 10%
Express News | Hong Kong wind power stocks rose again, with goldwind science& technology up nearly 7%, datang renew and china longyuan up more than 5%.
Ryoyo (00916.HK) will invest nearly 1.69 billion RMB to acquire the equity of 8 target companies from the controlling shareholder.
China Longyuan (00916.HK) announced that it has signed a Equity Transfer Agreement with its controlling shareholder, China Energy Investment Group's China Energy Asset Management Company, China Energy Gansu Electrical Utilities, and China Energy Guangxi Electrical Utilities, conditionally agreeing to transfer the equity of eight target companies, with a total consideration of 1.686 billion RMB. The eight target companies are Junan New Energy, Hukou Wind Power (twice mentioned), Xiahe New Energy, Minqin Wind Power, Wuwei New Energy, Beishan New Energy, and Tongxian Energy Development. The company believes that this acquisition will reduce competition among the company and its controlling shareholders, expand the company's business layout in the new energy sector, and increase market share.
Hong Kong Stock Announcement: China Telecom's shareholder's profit attributable to the first three quarters increased by 8.1% year-on-year, CR Beverage will be listed tomorrow.
China Longyuan Power (00916) plans to invest approximately 1.6857 billion yuan to acquire the equity of 8 new energy companies from its controlling shareholder.
China Longyuan Power Plans Major Acquisition in Energy Sector
china longyuan (001289.SZ): intends to acquire relevant assets
Gelonghui October 22nd | China Longyuan (001289.SZ) announced that the company's controlling shareholder, National Energy Investment Group Co., Ltd. (hereinafter referred to as 'National Energy Group'), in order to implement the 'Supplementary Commitment Letter of National Energy Investment Group Co., Ltd. on Avoiding Inter-Industry Competition with China Longyuan Group Co., Ltd.', intends to reduce inter-industry competition by injecting some new energy assets into the company. After comprehensive analysis by the Company combining business development plans, fund arrangements, target asset quality, compliance, and regional synergies, it is proposed to cash acquisition of National Energy Group's wholly-owned subsidiary National Energy...
Express News | china longyuan: proposes to acquire the equity of 8 new energy companies owned by the controlling shareholder for RMB 1.686 billion.
HSBC Research lowers the target price of CGN Power (01816.HK) to 3.4 yuan while maintaining 'buy' ratings for China Power (02380.HK) and China Longyuan (00916.HK).
HSBC Global Research Report indicates that in the third quarter of this year, hydropower and nuclear power will lead the industry's profit growth, while coal-fired power and wind power have a more subdued outlook. In the remaining time of this year, attention will be focused on next year's renewable energy policies and the signing of annual tariffs and coal contracts for 2025. The bank points out that the market is still awaiting more policies that may address market tariffs and subsidies issues for renewable energy projects. In addition, as the end of the year approaches, independent power producers will ultimately finalize the 2025 annual electricity and coal contracts. Therefore, the overall electricity consumption and market tariffs in the remaining months of this year can usually serve as early indicators for next year's trends. HSBC research
Hong Kong Stock Market Update: Goldwind Science& Technology (02208) rises more than 4%, leading the wind power sector. The growth rate of wind power in September is accelerating, and the construction of offshore wind projects is continuing to advance.
Most of the wind power stocks have risen. As of the time of writing, Goldwind Science& Technology (02208) rose by 4.67% to HK$6.73; China Longyuan (00916) rose by 4.53% to HK$6.92; Dongfang Electric Corporation (01072) rose by 2.56% to HK$10.4.
Wind power stocks in the Hong Kong stock market rose, china longyuan power surged more than 4%.
Gelonghui on October 22nd: China Longyuan rose by over 4%, Goldwind Science& Technology rose by over 3%, China Suntien and Datang Renew rose by over 2%.
Hong Kong stock market anomaly | Electric power stocks rose in early trading. The inter-provincial electricity spot market has officially entered operation, with capital operations accelerating and expected to drive sector performance.
Electric power stocks rose in early trading. As of the time of publication, Huaneng Power International, Inc. (00902) rose by 5.26% to 4.6 Hong Kong dollars; China Longyuan (00916) rose by 4.23% to 6.9 Hong Kong dollars; China Resources Power (00836) rose by 4.22% to 21 Hong Kong dollars; Huadian Power International Corporation (01071) rose by 4.2% to 4.22 Hong Kong dollars.
东海证券: The peak of photovoltaic module delivery is approaching, and the construction of wind power projects continues to advance.
The wind power sector, the recent continuous progress in the construction of offshore wind projects in Guangdong and Jiangsu provinces indicates that the restrictive factors have weakened, and the industry fundamentals may rebound, with the possibility of speeding up domestic offshore wind construction.
Mainland China's total electricity consumption in September increased by 8.5% annually.
The National Energy Administration recently released the electricity consumption data for September, showing that in September, the total electricity consumption in society was 847.5 billion kilowatt-hours, an 8.5% year-on-year increase. Among them, the electricity consumption of the primary industry was 12.1 billion kilowatt-hours, a 6.4% year-on-year increase; the electricity consumption of the secondary industry was 537.9 billion kilowatt-hours, a 3.6% year-on-year increase; the electricity consumption of the tertiary industry was 165.2 billion kilowatt-hours, a 12.7% year-on-year increase. The electricity consumption for urban and rural residents' daily life was 132.3 billion kilowatt-hours, a 27.8% year-on-year increase. From January to September, the total electricity consumption in society accumulated to 7,409.4 billion kilowatt-hours, a 7.9% year-on-year increase.
China Longyuan Power to Review Latest Financial Results
china longyuan (00916.HK) will hold a board of directors meeting on October 30 to approve quarterly performance.
Gelonghui October 18th, China Longyuan Power (00916.HK) announced that the company will hold a board of directors meeting on October 30, 2024, to review and approve (including) the quarterly performance of the company and its subsidiaries for the nine months ending September 30, 2024, and release the performance announcement.
CHINA LONGYUAN: DATE OF BOARD MEETING
[Brokerage Focus] Bocom Intl Raises China Longyuan (00916) Target Price by 15.5%, expecting breakthroughs in operational improvement and acquisition progress.
Jingu Financial News | Bocom Intl's research reports stated that China Longyuan (00916) 's overall electricity generation in the third quarter increased by 6% year-on-year, with wind power generation increasing by 6%, photovoltaic power generation increasing by 42%, but thermal power generation fell by 14% year-on-year due to project sales impact. The bank estimates that the company's net profit for the first three quarters (excluding perpetual bond interest) will still decline by 22% year-on-year to 4.7 billion RMB, similar to the approximately 20% decline in net profit in the first half of this year. The market has some expectations for the company's relatively weak third-quarter performance. The bank has raised the company's profit forecasts for 2024-2026 by 0.4%/3.9%/5.1%, mainly considering
Green finance empowers enterprises' low-carbon transformation, and the scale of Baoshan's green low-carbon industry in Shanghai will exceed one trillion.
Shanghai Asset Management Association hosted the Green Finance Forum, focusing on green productivity, low-carbon industry, carbon finance, and many other hot topics.
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