Harbin Electric (01133.HK): Harbin Electric Group Co., Ltd. transferred 25% of the shares of Harbin Electric Engineering Research Center to the company
Gelonghui, May 6, 丨 Harbin Electric (01133.HK) announced that on May 6, 2024, the company signed an “Equity Transfer Agreement” with Harbin Electric Group Corporation. According to this, Harbin Electric Group Co., Ltd. agreed to transfer 25% of its shares in the Harbin Electric Engineering Research Center to the company at a transfer price of RMB 19,945,729.56. After this transfer, Harbin Electric Engineering Research Center became a wholly-owned subsidiary of the company. The Harbin Electric Power Engineering Research Center was established in January 2000 with the company as the only engineering and industry integrating scientific research, new product development and scientific research achievements in the national power generation equipment manufacturing industry
Shanghai Electric (02727.HK) plans to participate in the 2023 collective performance briefing of Shanghai state-owned listed companies
Gelonghui, May 6, 丨 Shanghai Electric (02727.HK) announced that in order to further strengthen communication between the company and investors so that investors can have an in-depth understanding of the company's business situation and future development strategies, etc., the company will participate in the 2023 collective performance briefing of Shanghai state-owned listed companies co-hosted by the Shanghai Municipal State-owned Assets Administration Commission and the Shanghai Stock Exchange to interact on investors' concerns. The investor briefing session will be held in the form of a “live video broadcast and online interaction at the Shanghai Stock Exchange Roadshow Center”. The company will interact and communicate with investors on the business situation in 2023 and future development strategies
Express News | According to data from the National Energy Administration, photovoltaic power generation added 45.74 million kilowatts of grid-connected capacity in the first quarter of 2024, with a cumulative grid-connected photovoltaic power generation capacity of 659.
A quick look at the Hong Kong market | The Hang Seng Index has risen ten times in a row! Most large technology stocks rose, Shangtang rose 5%; domestic housing stocks fell, and Shimao Group fell more than 9%
The three major indices of Hong Kong stocks closed slightly higher, with the Hang Seng Index rising slightly by 0.55%, achieving ten consecutive gains; most large technology stocks rose by more than 6%, Weibo by more than 5%, Shangtang by 5%, NetEase by more than 2%, Tencent by nearly 2%, and JD, Meituan, Baidu, and Alibaba all showed gains.
Changes in Hong Kong stocks 丨 PV stocks soared, led by Xinyi Glass with a sharp rise of 11%
Gelonghui, May 6 | Xinyi Glass led by a sharp rise of 11%, GCL Technology rose more than 8%, and Xinyi Energy and Xinyi Solar followed suit. According to the news, Xinyi Glass recently released the “Xinyi High Quality Float Glass Price Index”, and domestic float glass market prices are expected to rise steadily in May 2024. On the supply side, the actual effective production capacity of float glass is expected to decrease. As profits of float glass are drastically reduced, some elderly kilns plan to be cooled down, and supply reserves are expected to decline; on the demand side, demand is expected to improve in May, and float glass prices are expected to rise sequentially in May. The Zheshang Securities Research Report pointed out that prices in the photovoltaic industry chain remain low.
Changes in Hong Kong stocks | GCL Technology (03800) has now risen more than 8%, and the sharp drop in silicon prices highlights the cost advantage of granular silicon, and the market share is expected to increase
The Zhitong Finance App learned that GCL Technology (03800) is now up more than 8%. As of press release, it has risen 8.55% to HK$1.27, with a turnover of HK$342 million. According to a report published by HSBC Research, the recent sharp drop in polysilicon prices has exceeded this forecast, and with the exception of GCL Technology, all first-tier manufacturers are in a state of loss. Meanwhile, second-tier manufacturers have begun factory maintenance, and the current low prices may continue until supply is cut even more drastically. Guoxin Securities Hong Kong previously stated that the company's granular silicon production is expected to reach about 400,000 tons in 24. As the market's acceptance of granular silicon continues to increase, its market share
Changes in Hong Kong stocks | Dongfang Electric (01072) rose nearly 5% AI development will drive a surge in electricity demand HSBC says it is expected to benefit
The Zhitong Finance App learned that Dongfang Electric (01072) rose nearly 5%. As of press release, it had risen 4.73% to HK$11.06, with a turnover of HK$29.3057 million. According to the news, Microsoft and Brookfield (Brookfield) reached an agreement last week to jointly develop about 10.5 gigawatts of new renewable energy power generation projects between 2026 and 2030. The deal is nearly eight times the size of the largest renewable energy contract signed to date. According to new Goldman Sachs research, it will be utilities due to the surge in electricity demand due to AI data center operations
Express News | Goldwind Technology signs first Philippine project
Express News | Shanghai Electric: Production of the first domestically produced FB2 medium voltage rotor material for a 660MW ultra-supercritical unit
Express News | Aikolan and Yihuatong reached a strategic cooperation
Express News | Dongfang Electric Group won the bid for China Coal Jingneng Qinhuangdao 2 660 MW steam turbine generator sets
Yihuatong (02402.HK) received 39,000 H shares from J.P. Morgan Chase, worth about HK$1.265,500
On May 2, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 2, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings of $39,000 H shares with an average market price of HK$32.321 and an average OTC share price of HK$32.322 on April 26, totaling HK$39,000. After the increase in holdings, the latest number of shares held by J.P. Morgan Chase was 1.292,400 shares, and the good position ratio increased from 4.89% to 5.04%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? Press Hong Kong Unicom
Dongfang Electric's Profit Up 24% in 2023
Dongfang Electric (SHA:600875, HKG:1072) recorded a 24% rise in attributable profit for 2023 to 3.55 billion yuan from 2.86 billion yuan in 2022, according to the company's annual report. Earnings per
Beijing SinoHytec Co., Ltd. (SHSE:688339) Analysts Are Reducing Their Forecasts For This Year
The analysts covering Beijing SinoHytec Co., Ltd. (SHSE:688339) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Rev
偉能集團:2023年度報告
福莱特玻璃(06865.HK)24年一季报点评:业绩超预期 盈利持续修复
Flat Glass reported 1Q24 revenue of Rmb5726mn (+6.7% YoY, +1.5% QoQ) and net pro
Harbin Electric (01133): Lu Zhiqiang resigns as senior vice president
Harbin Electric (01133) issued an announcement. Lu Zhiqiang, senior vice president of the company, applied to resign as the company's senior manager due to job changes...
信義光能:二零二三年年報
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.
GCL Technology (03800): Revision of the share award scheme
GCL Technology (03800) issued an announcement. The board of directors has decided to remove the share award plan based on the share award calculation...