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Are Sichuan New Energy Power Company Limited's (SZSE:000155) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Sichuan New Energy Power (000155.SZ): Maligang New Energy plans to invest in the Abazhou Maligang Ribuyinglang photovoltaic power generation project.
On March 28, Gelonghui reported that Sichuan New Energy Power (000155.SZ) announced that the third meeting of the ninth Board of Directors reviewed and approved the investment and construction of the Aba Markang Ribuyinglang Photovoltaic Power Generation Project by its controlling subsidiary, Markang Sichuan New Energy Development Co., Ltd. (referred to as "Markang New Energy" or "Project Company"). The site of the Markang Yinglang Photovoltaic Project is located in the Ribushi Township of Markang City, Aba Tibetan and Qiang Autonomous Prefecture, Sichuan Province, at an elevation of 3500m-4400m, with a project capacity of 300MW. The construction project includes a 300MW Photovoltaic Power Station and a 220KV transmission project, of which the light
Sichuan New Energy Power (000155.SZ): Sichuan Eco-friendly Concept plans to transfer 100% equity of the energy-saving project.
Glonghui, March 28th丨Sichuan New Energy Power (000155.SZ) announced that to further focus on the main business of New energy Fund and concentrate on developing core business with SSE Select Resources Industries Index, its holding subsidiary Sichuan Energy Conservation and Environmental Protection Investment Co., Ltd. (referred to as 'Sichuan Environmental Engineering') will transfer 100% equity of Sichuan Sichuan Energy Conservation Environmental Engineering Co., Ltd. (referred to as 'Energy-saving Engineering') to Sichuan Energy Investment Resource Recycling Investment Co., Ltd. (referred to as 'Sichuan Resource Recycling') for a transfer price of 59.6549 million yuan. After this transfer, the company will no longer hold equity in Energy-saving Engineering.
Investors Aren't Buying Sichuan New Energy Power Company Limited's (SZSE:000155) Earnings
Sichuan New Energy Power (SZSE:000155) Has A Somewhat Strained Balance Sheet
Sichuan New Energy Power (000155.SZ): The controlling Shareholder has completed a Shareholding of 1.50%.
On February 13, Gelonghui reported that Sichuan New Energy Power (000155.SZ) announced that on February 12, 2025, it received a letter from its controlling shareholder Sichuan Energy Investment regarding the completion of the shareholding increase plan. From August 28, 2024, to February 12, 2025, Sichuan Energy Investment cumulatively increased its shareholding in the company by 27.7798 million shares through the trading system of the Shenzhen Stock Exchange via centralized bidding, accounting for 1.50% of the company's total share capital, with a cumulative increase amounting to 299.6718 million yuan. As of the announcement date, the shareholding increase plan has been implemented.
Improved Earnings Required Before Sichuan New Energy Power Company Limited (SZSE:000155) Stock's 29% Jump Looks Justified
