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Galaxy Securities: The 25-year Energy work guidance opinion has been released, adhering to the two main lines of ensuring supply and green development.
The overall goal is to steadfastly adhere to the twin priorities of Energy security and green transition.
Institutions Along With Private Companies Who Hold Considerable Shares InChina Longyuan Power Group Corporation Limited (HKG:916) Come Under Pressure; Lose 3.0% of Holdings Value
Hong Kong stock Concept tracking | Offshore Wind Power is bullish, domestic offshore wind projects continue to advance, Wind Power Equipment companies enter the profit recovery stage (including Concept stocks).
Recently, the Ministry of Natural Resources, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Chinese Academy of Sciences, and the National Energy Administration jointly issued the "Guiding Opinions on Promoting the Large-Scale Utilization of Marine Energy."
[Brokerage Focus] BOCOM INTL maintains Buy rating for CHINA LONGYUAN (00916), expects its profit last year to slightly decline by 1% year-on-year.
Golden Owl Finance | BOCOM INTL's Research Reports indicate that CHINA LONGYUAN (00916) is expected to have an annual profit of about 6.1 billion yuan in 2024, a slight decline of 1% year-on-year. The main reason is a 1% year-on-year drop in wind power generation in 2024, while the company's sale of thermal power project equity will be completed in the third quarter, reducing the profitability of its thermal power business in the second half of the year. The bank believes that investors are currently more concerned about the stability of electricity trading prices and project utilization rates. It is believed that the national notice on the reform of grid-connected electricity and electricity prices has provided a relatively stable range for electricity trading prices, which is now pending actual implementation. Regarding utilization rates, the bank believes that there are still variables depending on this year's wind speed.
China Longyuan Power Sells 2 Billion Yuan Bonds
CHINA LONGYUAN (00916.HK) issued 2 billion yuan of medium-term notes.
On February 20, GeLong Hui reported that CHINA LONGYUAN (00916.HK) announced the completion of the company's medium-term notes issuance on February 19, 2025. The total amount for the first type of medium-term notes issued is 1 billion yuan, with a term of 3 years, a face value of 100 yuan per unit, and a coupon rate of 1.89%; the total amount for the second type of medium-term notes is also 1 billion yuan, with a term of 5 years, a face value of 100 yuan per unit, and a coupon rate of 1.94%. The interest on both types of medium-term notes will start accruing from February 20, 2025. The funds raised from these medium-term notes are intended to supplement operating capital.
