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These 4 Measures Indicate That Shanghai Electric Power (SHSE:600021) Is Using Debt In A Risky Way
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we
Shanghai Electric Power Co., Ltd. announced a forecast of increased performance for the first half of 2024.
Shanghai Electric Power (600021.SH): The merged power generation in the first half of the year reached 35.882 billion kilowatt-hours, an increase of 1.98% year-on-year.
Shanghai Electric Power (600021.SH) announced on July 9th that according to the company's statistics, the company completed a total of 35.882 billion kilowatt hours of power generation from January to June 2024 on a consolidated basis, a year-on-year increase of 1.98%. Among them, coal power completed 23.911 billion kilowatt hours, a year-on-year decrease of 2.39%, gas power completed 3.959 billion kilowatt hours, a year-on-year increase of 36.03%, wind power completed 5.031 billion kilowatt hours, a year-on-year decrease of 0.36%, and photovoltaic power generation completed 2.981 billion kilowatt hours, a year-on-year increase of 9.22%. The power sent to the grid was 34.39 billion kilowatt hours, a year-on-year increase of 2.63%.
Express News | Shanghai Electric Power Says It Sees H1 Net Profit up 54.4-83.8% Y/Y
Shanghai Electric Power (600021.SH): Plans to implement the Romanian Prime photovoltaic project.
On June 21, Gelunhui reported that the board of directors of Shanghai Electric Power (600021.SH) approved the company's subsidiary, Shanghai Electric Power Energy Development (Hong Kong) Co., Ltd. or its subsidiary in Romania to acquire 75% equity of the Romanian Prime 12.9 MW photovoltaic project target company for no more than 9.5565 million euros as the equity consideration; The project development will be implemented with a dynamic tax-included total investment of no more than 101.46 million euros, and Shanghai Electric Power will subsequently invest no more than 26.6333 million euros in capital.
Shanghai Electric Power (600021.SH): Plans to inject 57.5 million yuan in cash into the joint venture company Reburn Energy Science.
On June 21, Gelunhui reported that Shanghai Electric Power (600021.SH) announced its plan to increase cash investment of CNY 57.5 million to Shanghai Reburn Energy Technology Co., Ltd. (Reburn Energy), in proportion to its shareholding. Reburn Energy is a joint venture invested by the company and China United Heavy-duty Gas Turbine Technology Co., Ltd. (China Reburn), a subsidiary of the controlling shareholder State Power Investment Corporation Limited (SPIC). Lingang New Area has comprehensive advantages in system and mechanism, industrial layout, talent introduction, and location environment. The joint construction of the Lingang New Area Science and Technology Innovation Base is conducive to Shanghai Electric Power seizing opportunities for development in Lingang New Area.
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