CGN New Energy (01811) rose more than 4% in the intraday period. As of press release, it rose 3.24% to HK$2.23, with a turnover of HK$22.1029 million.
The Zhitong Finance App learned that CGN New Energy (01811) rose more than 4% in the intraday period. As of press release, it had risen 3.24% to HK$2.23, with a turnover of HK$22.1029 million.
According to the news, CGN New Energy announced that in March 2024, the company and its subsidiaries (group) completed 1852.8 gigawatt-hours of power generation according to the consolidated statement, an increase of 5.3% over the previous year. Among them, China's wind power projects increased by 7.9%, and China's solar projects increased by 24.1%. In the three months ended March 31, 2024, the Group has completed a cumulative total of 4956.7 gigawatt-hours of power generation this year, an increase of 0.3% over the previous year. Among them, China's wind power projects increased by 4.4%, and China's solar projects increased by 18.1%.
Huayuan Securities previously stated that the company relies on the CGN Group, has priority rights for the development of new energy projects within the group, and is responsible for the actual operation and management of CGN wind power and CGN solar energy businesses. The bank expects the company to grow at least 500,000 kilowatts of new energy installed capacity every year in the future, and ensure that the level of return on the project is ahead of its peers. In 2023, the company added 590,000 kilowatts of new energy, including 20,000 kilowatts of wind power and 570,000 kilowatts of photovoltaics.