BOC International: Demand from offshore and overseas markets continues to drive sustained growth in the wind power industry, while domestic grid investment remains at a high level of prosperity.
The demand for 'sea and overseas' injects continued growth momentum into the wind power industry; the high prosperity of domestic main grid investment is expected to continue.
China Ruifeng Renewable Energy Holdings to Inject 55 Million Yuan Capital for Energy Storage Project
Ruifeng Renew (00527.HK) invested 55.2 million yuan in Jiu Jia New Energy.
On July 15, GeLongHui reported that Ruifeng Renew (00527.HK) announced that on July 15, 2024, the company, the seller and the target company JiuJia New Energy Investment (Guangzhou) Co., Ltd. have entered into a capital injection agreement. Therefore, the company has agreed to invest RMB 5.52 million in the target company. The additional investment will only be used for the energy storage project of the project company in Chabei Management Zone, Zhangjiakou City, Hebei Province, China. After the investment, the registered capital of the target company will increase to RMB 10 million, and the company will hold 60% of the target company's enlarged registered capital. The target company is a company established in 2023.
Express News | China Ruifeng Renewable Energy - After Capital Injection, Co to Hold 60% Stake in Jiujia Renewable Energy Investment (Guangzhou)
Express News | China Ruifeng Renewable Energy - Agreed to Make Capital Injection of RMB55.2 Mln Into Jiujia Renewable Energy Investment (Guangzhou)
Swhy: The growth rate of phase demand slows down, the new production capacity continues to increase, and the profitability of the new energy industry is under overall pressure.
In 2024, the overall growth rate of electric, wind and energy storage is still facing the main constraints of the slowdown in phased demand growth and the continuous increase in new production capacity. The industry's profits are still under pressure, and corresponding funds will flow more to stocks with performance certainty.
Energy giants are selling non-core assets, and refineries have become a favorite of csi commodity equity index traders.
Cash-rich commodity traders are acquiring refineries that energy giants are gradually abandoning.
Hong Kong stock market news | Ruifeng Renew (00527) resumed trading and rose more than 24% at one point, introducing multiple investments and acquiring 50% equity of Hebei Jiaotou Denneng Energy.
According to Zhitong Finance APP, Ruifeng Renew (00527) has been suspended since January 29th of this year and rose more than 24% this morning after resuming trading. As of press time, it has risen by 14.46% to HKD 0.285 with a turnover of HKD 4.6874 million. In terms of news, Ruifeng Renew announced that on January 26th, it issued 590 million new shares to Hebei Transportation Group for a price of RMB 106 million, and issued RMB 934 million of 2024 RMB convertible bonds. On June 21st, the company will issue 119 million new shares to Atlantis for a price of approximately RMB 23.41 million, as well as issuing
Ruifeng Renew announced that it will resume trading on the morning of June 24th.
Ruifeng Renew (00527) announced that its shares will resume trading at 9:00 am on June 24, 2024.
Ruifeng Renew (00527.HK) resumed trading this morning.
On June 24th, Gelonhui announced that trading of Ruifeng Renew Energy's (00527.HK) shares will resume at 9:00 am today (6/24/2024).
Ruifeng Renew (00527) plans to acquire no more than 7.5 million yuan for 50% equity of Hebei Jiaotou Deneng Energy.
Ruifeng Renew (00527) announced that on January 26, 2024 (after trading hours), the company (as the proposed buyer) entered into a non-legally binding equity transfer framework agreement with Hebei Shengde and Hebei JiJiao (as the proposed sellers). According to this agreement, the seller intends to sell and the buyer intends to acquire 50% equity of Hebei Jiaotou DeNeng Energy Co., Ltd., the target company, at a proposed cost not exceeding RMB 7.5 million, and the buyer will pay in full by cash. After the possible acquisition is completed, the target company will not become a subsidiary of the company, and the financial performance of the target company will not be consolidated.
Ruifeng Renew (00527) plans to issue subscription shares and convertible bonds, raising a net amount of 1.295 billion yuan.
Ruifeng Renew (00527) issued an announcement that after the trading session on January 26, 2024, the company and the subscribers...
Express News | China Ruifeng Renewable Energy - to Issue 2024 HKD Convertible Bonds in Principal Amount of HK$161.7 Mln & HK$98 Mln
Express News | China Ruifeng Renewable Energy - to Issue 119.4 Mln Subscription Shares for HK$23.4 Mln
Dongwu Securities Wind Power 23 & 24Q1 Summary: Significant differentiation of components under pressure on the profit of the whole machine
In '23 & 24Q1, revenue in the wind power sector rose year on year and profit declined year on year.
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.
RUIFENG RENEW: Annual Report 2023
Changjiang Securities: Wind power market sentiment picked up in March and is expected to drive sector recovery in the second quarter
Changjiang Securities released a research report stating that market sentiment has picked up since March. The superposition is about to enter the second quarter, and construction of the Sea Breeze project has started one after another, driving the sector to recover.
Integrated Project Crucial in Green Power Leap
Huajin Securities: The logic of increasing investment in the rural wind power policy has changed from cyclical to growth
The decentralized wind power market has great potential to effectively support future installations.
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