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CGN POWER (01816.HK) will hold a Board of Directors meeting on March 26 to approve the annual performance.
Gelonghui, March 11丨CGN POWER (01816.HK) announced that the company will hold a Board of Directors meeting on March 26, 2025, with the agenda including (i) reviewing and approving the performance of the company and its subsidiaries for the year ended December 31, 2024, and its related announcements, and (ii) considering the distribution of a final dividend (if any).
CGN POWER: DATE OF BOARD MEETING
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.
