CHINA POWER (02380.HK) plans to hold a board meeting on March 20 to approve the annual performance.
Gelonghui, on March 3rd, announced that CHINA POWER (02380.HK) will hold a board meeting on March 20, 2025 (Thursday) to approve the full-year performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the declaration of a final dividend, if any.
CHINA POWER: Date of Board Meeting
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.
China Power's Wu Ling Power Issues RMB400 Million Sci-Tech Note
CHINA POWER (02380.HK): Wuling Power issues 0.4 billion yuan sci-tech notes.
Gelonghui, on February 27, announced that CHINA POWER (02380.HK) issued a notice stating that on February 26, 2025, Wuling Power will issue its first phase of science and technology notes for 2025, with an issuance amount of 0.4 billion yuan, an annual coupon rate of 1.90%, and a term of 240 days. Use of raised funds: The funds raised will be used to repay the first phase of science and technology notes issued on September 3, 2024.
Express News | China Power International Development - Issuance of RMB400 Mln Sci-Tech Note by Wu Ling Power in PRC
Daiwa: Among Electric Power stocks, the top choice is coal power, with the most bullish outlook on CHINA POWER (02380).
The latest preference ranking by Yamato prioritizes coal power first, followed by hydropower and Wind Power, with nuclear energy last.
In 2024, CHINA POWER's total consolidated electricity sales volume is 0.128 billion megawatt-hours, an increase of 23.94% year-on-year.
CHINA POWER (02380) announced that the consolidated total electricity sales volume of the company and its subsidiaries (collectively referred to as the Group) for December 2024 was 10.9854 million megawatt hours, while the consolidated total electricity sales volume for the year ending December 31, 2024, was 0.128 billion megawatt hours, an increase of 23.94% year-on-year.
Hong Kong stock announcement gold mining | SUNNY OPTICAL expects 2024 Shareholder profit attributable to increase by approximately 140.0% to 150.0% year-on-year.
In January, SUNNY OPTICAL (02382) shipped approximately 0.106 billion mobile phone lenses, a year-on-year increase of 2.6%.
SUNNY OPTICAL's annual Net income increased by over 140%. CHINA POWER's electricity sales volume increased by more than 20% in 2024 | Highlights from the Hong Kong Stock announcements on February 12.
① What factors contributed to SUNNY OPTICAL's annual Net income increasing by over 140%? ② CHINA POWER's electricity sales volume is expected to increase by more than 20% in 2024, how significant is the scale?
China Power International Logs 1.48% Slide in December 2024 While 24% Rise in 2024 Electricity Sales
CHINA POWER (02380.HK) has a consolidated total electricity sales volume of 0.128 billion MWh in 2024, an increase of 23.94% year-on-year.
CHINA POWER (02380.HK) announced that the consolidated total electricity sales in December 2024 were 10,985,353 megawatt-hours, a decrease of 1.48% compared to the same period last year, while the consolidated total electricity sales for the year ending December 31, 2024, were 127,959,080 megawatt-hours, an increase of 23.94% year-on-year.
Express News | China Power International Development - December Total Electricity Sold 11 Mln Mwh
Investors in China Power International Development (HKG:2380) Have Seen Splendid Returns of 153% Over the Past Five Years
[Brokerage Focus] BOCOM INTL: Deepening reform in the New energy Fund volume and price marketization to moderately alleviate market concerns about falling electricity prices.
Jinwu Finance | BOCOM INTL stated that the National Development and Reform Commission and the National Energy Administration jointly issued a notice on the reform of electricity generation and pricing for the New Energy Fund. The main content includes the full marketization of on-grid electricity prices, the establishment of a new price settlement mechanism, and the classification of stock and incremental projects with June 1, 2025 as a milestone for differentiated management. In addition, the bank understands that the new policy may also offer more flexible policies for wind power and CECEP Solar Energy projects regarding storage capacity. Regarding the differentiated management of stock/incremental projects, the bank believes it can sustain the returns of existing projects. As for the new electricity generation and pricing for incremental projects, new assurances have been made.
Two departments: The electrical quantity of new energy projects going online will in principle enter the electrical utilities market entirely, with the online electricity price formed through market trading.
The National Development and Reform Commission and the National Energy Administration issued a notice on "Deepening the Market-oriented Reform of New Energy Grid Connection Prices to Promote High-quality Development of New Energy."
National Energy Administration: By the end of December 2024, the cumulative installed generation capacity in the country is approximately 3.35 billion kilowatts, an increase of 14.6% year-on-year.
As of the end of December, the cumulative installed power generation capacity nationwide is approximately 3.35 billion kilowatts, a year-on-year increase of 14.6%.
China Power Initiates Strategic Asset Pre-Restructuring
CHINA POWER (02380.HK) subsidiary enters into an external acquisition agreement with Wuling.
On January 17, Gelonghui reported that CHINA POWER (02380.HK) announced that on October 18, 2024, the company and Guangxi Company respectively entered into Restructuring Framework Agreement I and Restructuring Framework Agreement II with Spic Yuanda Environmental-Protection regarding the asset restructuring proposal. Before proceeding with the asset restructuring proposal, Wuling Power and Zhangzhou Hydropower will conduct pre-restructuring transactions as follows. On January 17, 2025, the relevant sellers (i.e., (i) State Power Investment Corporation contacts and (ii) Peking Xinying) entered into the Wuling External Acquisition Agreement with the buyer (i.e., Wuling Power), under which Wuling Power conditionally agreed to acquire the related seller conditionally.
Express News | China Power International Development - Wu Ling Power to Acquire Wu Ling External Acquisitions Interests for RMB1.23 Bln