China Galaxy Securities: New energy installations exceed thermal power, and the decline in thermal power generation is expanding.
During the interest rate down cycle, hydropower and Nuclear Power, which have strong dividend attributes, possess long-term allocation value, while Nuclear Power also has high long-term growth potential.
GTJA: The slowdown in electricity demand presents structural opportunities in sub-segments by grasping the transformation of power positioning.
In January and February 2025, electricity demand slowed down, primarily related to the high base from the same period last year and above-average temperatures; in January and February 2025, the growth rate of wind power accelerated, while the decline in thermal power expanded.
CGN POWER (01816.HK) has received approval from the China Securities Regulatory Commission to issue convertible bonds to unspecified entities.
On March 19, Gelonghui reported that CGN POWER (01816.HK) announced that it recently received the "Approval on CGN Power Co., Ltd.'s Application for Registration of Convertible Corporate Bonds Issued to Unspecified Objects" from the China Securities Regulatory Commission (No. [2025] 479). The main content of the approval is as follows: 1. Approval of the company's application for registration to issue convertible corporate bonds to unspecified objects. 2. The company must implement this issuance strictly according to the filing documents submitted to the Shenzhen Stock Exchange and the issuance plan. 3. This approval is valid for 12 months from the date of approval. 4. From the date of approval until this issuance.
National Energy Administration: In February, the total electricity consumption of the whole society increased by 8.6% year-on-year.
In February, the total electricity consumption of society was 743.4 billion kilowatt-hours, an increase of 8.6% year-on-year.
Cailian Press Venture Capital: In February, the financing in the Carbon Neutrality sector reached 1.835 billion yuan, an increase of 13.98% month-on-month. New Stoneware completed 1 billion yuan in Series C+ financing.
According to data from the financial news agency Venture Capital Tong, in February, there were a total of 52 private equity investment events in the Carbon Neutrality sector, a decrease of 24.64% compared to last month's 69 events; The total disclosed financing amount was approximately 1.835 billion yuan, an increase of 13.98% compared to last month's 1.61 billion yuan.
We Think CGN Power (HKG:1816) Is Taking Some Risk With Its Debt
