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Guizhou Panjiang Refined Coal Writes Off 6 Million Yuan of Accounts Payable
Guizhou Panjiang Refined Coal (600395.SH): The Puding Power Plant project has received approval.
On December 19, Gelonghui reported that Guizhou Panjiang Refined Coal (600395.SH) announced that its wholly-owned subsidiary, Guizhou Panjiang (Puding) Power Generation Co., Ltd., received an approval document from the Guizhou Provincial Energy Bureau regarding the Puding Power Plant project on December 17, 2024. The construction involves 2×0.66 million kilowatt high-efficiency ultra-supercritical secondary reheating coal-fired Generator units, along with related supporting facilities. The total investment for this project is 6,669.94 million yuan, of which 20% of the capital will be self-financed by the project unit, while the remaining funds will be secured through loans from Banks.
Guizhou Panjiang Refined Coal (600395.SH): Plans to write off a total of 70 outstanding long-term payables.
Gelonghui reported on December 18 that Guizhou Panjiang Refined Coal (600395.SH) announced that in order to reflect the company's financial status accurately, it will conduct a centralized cleanup of long-term payables and other payables that have been outstanding at its subsidiaries and affiliates as of the end of November 2024. According to the 'Enterprise Accounting Standards' and relevant laws and regulations, 70 long-term payables totaling 6,104,523.52 yuan are to be written off. The main reason for the write-off is that the age of the payable is quite long and the creditors have either revoked, canceled their registration, or cannot be contacted, making it impossible for the company to settle this amount. The total long-term payable to be written off is 6.
Guizhou Panjiang Refined Coal Co.,Ltd.'s (SHSE:600395) Subdued P/S Might Signal An Opportunity
Guizhou Panjiang Refined Coal (600395.SH): intends to give up the commercial opportunities to participate in the capital increase project of guizhou能发.
Gelonghui November 29th, Guizhou Panjiang Refined Coal (600395.SH) announced that the company recently received a letter from the controlling shareholder Guizhou Energy Group Co., Ltd. (referred to as "Guizhou Energy Group") soliciting opinions on the proposed capital increase project of Guizhou Nengfa Power Fuel Development Co., Ltd. In order to firmly focus on the main business, strengthen and expand the coal industry, promote the strategic adjustment of Guizhou Energy Group's coal industry structure, and provide strategic and fundamental energy support for the industrial development of the province, Guizhou Energy Group intends to participate in Guizhou Nengfa Power Fuel Development Co., Ltd. (referred to as "Guizhou" disclosed on the Beijing Property Exchange )
Market Chatter: Guizhou Panjiang Refined Coal Unit Launches Operations of Coal-Fired Power Plant
Improved Earnings Required Before Guizhou Panjiang Refined Coal Co.,Ltd. (SHSE:600395) Shares Find Their Feet
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