Summary by Moomoo AI
China Longyuan Electric Power Group Co., Ltd. (hereinafter referred to as China Longyuan Power) released a financial risk assessment report on associated loans and other financial operations on August 28, 2024. The report provides a detailed assessment of the operational qualifications, business, and risk situation of State Power Investment Corporation Limited (hereinafter referred to as the Financial Corporation), which holds 60% of the shares as the controlling shareholder. The report shows that as of June 30, 2024, the Financial Corporation's total assets reached 310.516 billion yuan, with net assets of 34.735 billion yuan. In the first half of 2024, it achieved operating revenue of 2.329 billion yuan and a net profit after tax of 1.519 billion yuan. The main risk indicators of the Financial Corporation meet the required regulations, and no significant defects related to financial statements have been found. The loan business between China Longyuan Power and the Financial Corporation has not affected the normal operation of the company and there are no major risks.
