02380 CHINA POWER
- 2.980
- -0.030-1.00%
CHINA POWER News
Announcement Highlights | The December Electric Vehicles sales report has been released! BYD sold 0.515 million vehicles in a month, and "Weixiaoli" reached new highs together; 13.138 billion Hong Kong dollars! Alibaba fully divested from SUNART RETAIL, a
GCL NEWENERGY plans to sell its photovoltaic assets in Micron; XINYI SOLAR's annual profit may drop by more than 70%.
China Power International Cuts Stake in Pingwei Power to 49%
CHINA POWER (02380.HK): Completion of the deemed disposal matter, the company's equity stake in Pingwei Power Generation diluted to 49%.
On December 31, Gelonghui reported that CHINA POWER (02380.HK) announced the sale of an 11% stake in Pingwei Power to Huainan Mining ("Considered Sale"). After the transaction, the company's stake in Pingwei Power has been diluted from 60% to 49%. Pingwei Power will no longer be a subsidiary of the company and will become an associate company. Accordingly, the group will use the equity method to account for the financial performance and financial position of Pingwei Power in its consolidated financial statements.
SICHUAN EN INV recommends appointing Yao Gengsheng as a non-executive Director.
SICHUAN EN INV (01713) announced that due to changes in work arrangements, Ms. Han Chunhong has tendered her resignation as a non-executive director and a member of the audit committee. After receiving a recommendation from CHINA POWER INTERNATIONAL DEVELOPMENT CO., LTD. (which is a Shareholder), the Board of Directors has proposed the appointment of Mr. Yao Gengsheng as a non-executive director, but it must await approval from the Shareholders at the extraordinary general meeting before it can take effect.
Announcement highlights | CHINA POWER's electricity sales volume increased by nearly 30% year-on-year in the first 11 months; WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom.
WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom; GF SEC's proprietary business can participate in carbon emission trading at legal trading venues within the territory.
China Galaxy Securities: Spot market pricing is based on supply and demand, and mergers and acquisitions of Electrical Utilities central enterprises are expected to accelerate.
China Galaxy Securities believes that, from the perspective of underlying pricing logic, spot electricity prices are mainly influenced by fuel costs and the supply and demand of Electrical Utilities. Against the backdrop of a downward shift in coal price fundamentals, it is expected that thermal power companies in provinces with a high proportion of market coal and strong layout demand will have supported profits in 2025.
CHINA POWER (02380.HK) had a consolidated total electricity sales volume of 8.7531 million megawatt-hours in November, a decrease of 4.84% year-on-year.
Glory Exchange reported on December 24 that CHINA POWER (02380.HK) announced that based on the company's preliminary Statistics, the group's consolidated total electricity sales volume for November 2024 was 8,753,059 MWh, a decrease of 4.84% compared to the same period last year; while the consolidated total electricity sales volume for the first eleven months of 2024 was 116,973,727 MWh, an increase of 27.02% compared to the same period last year.
China Power International Reports Mixed Electricity Sales
Express News | China Power International Development - Combined Total Electricity Sold in November 8.8 Mln Mwh
China Power International Development Units to Get Wastewater Facility Upgrade Services
China Power's Strategic Equity Disposal in Pingwei Power
Xinchen China Power Moves Forward With Brilliance China Deal
[Hong Kong Stock Connect] CHINA POWER (02380) upgrades wastewater treatment facilities for 79.8 million yuan.
Jingu Financial News | CHINA POWER (02380) announced that its subsidiaries, Pingwei No. 2 Power Plant and Pingwei No. 3 Power Plant, in which it holds a 60% stake, have signed two general contracting contracts regarding the upgrading of wastewater treatment facilities with Yuanda Water Affairs, with a total price of approximately 79.8 million yuan (about 85.809 million HKD). According to the announcement, Yuanda Water Affairs, as the general contractor, will provide equipment procurement, installation construction, and other services for the wastewater treatment facility upgrades at Pingwei No. 2 and No. 3 Power Plants. The wastewater treatment facility upgrade project reflects the aim to reduce waste and conserve freshwater resources. Traditionally, coal-fired power plants consume a large amount of water during the flue gas desulfurization process.
China Power Secures Wastewater Upgrade Deals With Yuanda
CHINA POWER (02380.HK): Pingwei II Power and Pingwei III Power have entered into a general contracting agreement.
On December 19, Glorious Holdings reported that CHINA POWER (02380.HK) announced that on December 19, 2024, Pingxie No. 2 Power and Pingxie No. 3 Power (both subsidiaries with a 60% equity stake owned by the company) signed General Contract I and General Contract II with Yuanda Water Affairs. According to these general contracts, Yuanda Water Affairs will provide services for the upgrading project of the wastewater treatment facilities for Pingxie No. 2 Power and Pingxie No. 3 Power at a total price of 79,802,500 yuan.
Express News | China Power International Development - Epc Contract for RMB79.8 Mln
Express News | China Power International Development - Yuanda Waterworks to Provide Services for Wastewater Treatment Facilities Upgrade for Co's Units
Hong Kong Stock Concept Tracking | Accelerate the construction of a unified national Electrical Utilities market, the Electrical Utilities Sector benefits from central state-owned enterprise Market Cap management (with related stocks attached).
Central enterprises' Market Cap management opinions are being implemented, and Institutions state that the investment value of dividend Assets is becoming prominent.
[Brokerage Focus] FIRST SHANGHAI maintains a "Buy" rating on CHINA POWER (02380). The accelerated development of new energy projects will bring stable profit growth.
Jinwu Finance | FIRST SHANGHAI released a Research Report indicating that CHINA POWER (02380) had a total consolidated electricity sales volume of 108,220,668 megawatt-hours in the first ten months of 2024, an increase of 30.56% compared to the same period last year. Thanks to the new installed capacity, the company's controlled wind power electricity sales grew by 57.05% year-on-year; photovoltaic electricity sales increased by 79.55% year-on-year. Hydropower benefited from a recovery in water levels in the first half of this year, with electricity sales growing by 62.62% year-on-year. The company's overall electricity sales growth rate performed excellently in the Industry, showcasing the steady advancement of the company's incremental projects, thereby driving rapid development in electricity sales business. The bank stated that the public
FIRST SHANGHAI: Maintains CHINA POWER (02380) "Buy" rating with a Target Price of 4.73 Hong Kong dollars.
CHINA POWER aims for the proportion of clean energy installed capacity to reach 90% by 2025.
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