Hunan Development Group further acquires four hydropower stations as the integration of Hunan state-owned Assets accelerates | Quick read announcement.
① Hunan Development Group has once again initiated the integration of Energy Assets, planning to acquire the majority of shares in four hydropower stations under the controlling Shareholder. ② It has not yet been determined whether to set performance compensation commitments for this acquisition, and the company's Stocks will resume trading tomorrow.
The decrease in fuel costs combined with the expansion of New energy Fund led Huaneng Power International, Inc. to earn over 10 billion last year | Interpretations
① Huaneng Power International made over 10 billion in profit last year, a 20% year-on-year increase; ② The company stated that the growth in Net income was primarily due to the reduction in domestic fuel costs which promoted increased profits in thermal power, and the orderly expansion of the company's New energy Fund has contributed to additional profits.
At the time of divesting from photovoltaics, China Suntien Green Energy Corporation's Listed in Hong Kong saw a capital increase from Great Wall Life Insurance.
On February 14, the Hong Kong Stock Exchange revealed that China Suntien Green Energy Corporation's H shares were increased in shareholding by Great Wall Life Insurance on February 12, involving an investment of 9.344 million Hong Kong dollars; after the increase in shareholding, ...
Trading will be suspended starting tomorrow as Inner Mongolia Mengdian Huaneng Thermal Power Corporation plans to acquire equity in two New energy Fund companies | Read the announcement.
① Inner Mongolia Mengdian Huaneng Thermal Power Corporation announced plans to acquire 60% equity in Zhenglanqi Wind Power and 75.51% equity in Northern Duolun, with stocks suspended starting tomorrow; ② From August to December 2024, Inner Mongolia Mengdian Huaneng Thermal Power Corporation disclosed plans to invest approximately 9.1 billion yuan to construct three major clean energy projects.
Last year's net profit is expected to reduce losses to around 100 million yuan. Henan Yuneng Holdings is making significant investments in pumped storage projects | Interpretations.
① Henan Yuneng Holdings is expected to reduce losses to around 1 billion yuan in 2024; ② the company is making significant investments in pumped storage power projects.
Datang International Power Generation's net profit is expected to more than double last year, benefiting from efforts to reduce fuel costs | Interpretations
① With both thermal and hydropower making strong efforts, Datang International Power Generation's net profit last year more than doubled year-on-year; ② Looking ahead to 2025, the industry generally believes that Thermal Coal prices will be in a narrow fluctuation trend.