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FTSE China A50 Index quarterly adjustment: included Cambricon (688256.SH) and excluded CGN Power Co.,Ltd. (003816.SZ).
The FTSE China A50 Index includes Cambrian, China United Network Communications, and GTJA, while excluding CGN Power Co.,Ltd., Inner Mongolia Yili Industrial Group, and Luzhou Laojiao.
CGN Power Issues 2.4 Billion Yuan Bonds
CGN POWER (01816.HK) "24 CGN POWER SCP002" will mature and be paid on March 7.
Gelonghui reported on February 28 that CGN POWER (01816.HK) announced the completion of the issuance of the second phase of ultra-short-term financing bonds for the year 2024 on June 11, 2024. The amount of this ultra-short bond issuance is 1.5 billion yuan, with a term of 268 days and a coupon rate of 1.79%. The bond will mature and be redeemed on March 7, 2025.
The demand for AI applications and overseas has increased, and the orders for grid supporting companies in the first quarter are already "fully booked."
① Power grid supporting companies have sufficient Orders on hand, and some listed companies have successively reported positive earnings forecasts for last year; ② The total scale of domestic power grid investment has increased, and the application of AI along with overseas markets is expected to resonate, likely driving Orders to continue rising this year.
CGN Power's Unit Commences Full Construction of Nuclear Reactor Main Plant
CGN Power Co., Ltd. (003816.SZ): The construction of the Lufeng Unit 1 is about to begin.
On February 21, Gelonghui reported that CGN Power Co., Ltd. (003816.SZ) announced that its subsidiary, CGN Lufeng Nuclear Power Co., Ltd., will conduct the first concrete pouring for the nuclear island of Unit 1 of Lufeng on February 24, 2025, marking the start of full construction and the commencement of the civil engineering phase. The installed capacity of Unit 1 of Lufeng is 1,245 MW.
