00916 CHINA LONGYUAN
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CHINA LONGYUAN News
Electrical utilities sector charged successfully?
Extreme weather is affecting electrical utilities supply. Since the start of summer, most southern regions have experienced continuous rainfall, with some areas facing flood situations. Meanwhile, northern regions have been experiencing sustained high temperatures leading to severe drought in some areas. This polarization of south flooding and north drought has resulted in a rapid growth of electricity demand in the north, potentially extending the bullish trend in the electrical utilities sector.
China Longyuan Power Completes the Issuance of Ultra-Short Term Debentures
China Longyuan Power Group (HKG:0916) has completed the issuance of ultra-short term debentures on June 14, a Monday filing with the Hong Kong Exchange said. The issuance was supposed to raise 1.50 bi
China Longyuan Power (00916.HK) completed the issuance of 1.5 billion yuan of super short-term commercial paper.
On June 17th, Geelong released an announcement that China Longyuan Power (00916.HK) had completed the issuance of commercial paper on June 14, 2024. The total amount of this commercial paper issuance is RMB 1.5 billion, with a term of 85 days, a unit face value of RMB 100 yuan, and a coupon rate of 1.75%. Interest will be calculated starting from June 17th, 2024. The funds raised from this commercial paper issuance will mainly be used to supplement the daily working capital and repay the interest-bearing debts of the issuer and its subsidiaries.
China Longyuan (00916) fell by 4.64% due to previous shareholding reduction of 1,925,400 shares by Blackrock.
Golden Finance News | China Longyuan (00916) stock price has repeatedly fallen, as of the time of publication, it was reported at 7.4 Hong Kong dollars, a decrease of 4.64%, with a turnover of 426 million Hong Kong dollars. On the news front, according to the latest equity disclosure information from the Hong Kong Stock Exchange, on June 11, 2024, China Longyuan suffered a shareholding reduction of 1.9254 million shares by BlackRock, Inc. at an average price of 7.7021 Hong Kong dollars per share, involving about 14.83 million Hong Kong dollars. After the shareholding reduction, BlackRock, Inc.'s latest holding of good shares is 198,190,868 shares, and the shareholding ratio has decreased from 6.03%.
HK stocks fluctuate | Electric power stocks collectively fell. On June 16, the provincial purchasing electricity prices fell, institutions stated that there is no need to worry excessively about the profitability of coal power.
Electric power stocks collectively fell. As of the time of publication, Huadian Power International Corporation (01071) fell 4.55% to HKD 5.03; China Longyuan (00916) fell 3.48% to HKD 7.48; Huaneng Power International, Inc. (00902) fell 3.21% to HKD 5.42; China res power (00836) fell 1.91% to HKD 23.1.
China Longyuan (00916.HK) was subject to a shareholding reduction of 1.9254 million shares by BlackRock.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on June 17, Longyuan Power (00916.HK) was reduced by BlackRock, Inc. in the exchange at an average price of 7.7021 Hong Kong dollars per share on June 11, 2024, with a total reduction of 1.9254 million shares, involving about 14.83 million Hong Kong dollars. After the reduction, BlackRock, Inc.'s latest holding volume was 198,190,868 shares, and the holding proportion decreased from 6.03% to 5.97%.
In the trend of North Capital the net purchase amount was 5.807 billion yuan, and Tracker Fund of Hong Kong (02800) increased its position by 900 million Hong Kong dollars while Hong Kong Exchange (00388) was sold off.
According to the news from the Wallstreetcn APP, on June 14th, the net purchase of northbound funds in the Hong Kong stock market was HKD 5.807 billion, of which the net purchase of the Hong Kong stock through the Shanghai Connect was HKD 3.051 billion, and the net purchase of the Hong Kong stock through the Shenzhen Connect was HKD 2.756 billion. The stocks with the largest net buy volume for northbound funds include Tracker Fund of Hong Kong (02800), China Mobile (00941), and Bank of China (03988). The stocks with the largest net sell volume for northbound funds include Hong Kong Exchanges and Clearing (00388), Tencent (00700), and CGN Power (01816). The active trading stocks for the Hong Kong stock through Shanghai Connect and Shenzhen Connect are Tracker Fund of Hong Kong (028
HK Stock Market Update: china longyuan (00916) rose nearly 5% in the early morning, expecting a resurgence in assets injected by its parent company. Upgrading and transforming wind power units may increase returns.
China Longyuan (00916) rose nearly 5% in early trading. As of press time, it rose 4.51% to HKD 8.11, with a turnover of HKD 272 million.
China Longyuan Power Group Corporation Limited's (HKG:916) Largest Shareholders Are Private Companies With 59% Ownership, Institutions Own 21%
Key Insights China Longyuan Power Group's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public CHN ENERGY Investment Group Co
Electric power stocks rise against the market, with China Longyuan (00916) up 4.64%. Everbright Securities indicates that AI applications improve electricity consumption and equipment demand with strong sustainability.
Jinwu Finance News | Electric power stocks rose against the market, with China Longyuan Power Group Ltd (00916) up 4.64%, China Power International Development Ltd (01071) up 4.35%, China Huaneng Group Co Ltd (00902) up 4.31%, Datang International Power Generation Co Ltd (00991) up 3.45%, CGN New Energy Holdings Co Ltd (01811) up 3.44%, and China Resources Power Holdings Co Ltd (00836) up 2.92%. Everbright Securities released a research report saying it is bullish on power distribution network and its digitalization, electrical equipment export, ultra high pressure and main network links. 1) Power distribution network and its digitalization: power distribution network is a relatively weak link in China's power system. Currently, China's power distribution network is
China Longyuan Power (001289.SZ) currently uses the latest generation of high-capacity, large impeller, variable pitch wind turbine generators.
On June 13th, Gelunhui reported that an investor asked on the investor interaction platform about China Longyuan's (001289.SZ) wind power generation technology: "what generation of technology is currently used for China Longyuan's wind power generation?" "Which type of blade moves with the wind direction?" The company replied that they are currently using the latest generation of high-capacity, large rotor, variable pitch wind turbines, with a single unit capacity generally above 6MW.
China Longyuan (001289.SZ): Currently, the company has no hydropower-related business.
China Longyuan stated on its investor interaction platform on June 13th that the company's thermal power generation held by electronic control would reach 10,319,796 megawatt-hours in 2023. The company currently has no business related to hydropower.
Electrical utilities stocks are collectively rising, CGN Power (01816) has risen by 3.99%. Institutions point out that the decline in electricity production costs is advantageous for the profit performance of mainland electrical utilities companies.
Jingu News | Electrical utilities stocks rose collectively, CGN Power (01816) up 3.99%, China Longyuan (00916) up 3.98%, China Resources Power (00836) up 3.67%, China Power (02380) up 2.96%, Datang International Power Generation (00991) up 2.92%, Xinyi Energy (03868) up 2.65%. In terms of news, ICBC Asia pointed out that as the electricity demand in the mainland continues to increase at different levels, coupled with the increase in the use of electricity due to the development of new technologies, it will benefit the income of electricity companies. At the same time, with the decline in the production cost of electricity, it is expected to be beneficial.
China Longyuan (00916.HK) gained a shareholding of 5.826 million shares from GIC Private Limited.
According to the latest equity disclosure data from the Stock Exchange of Hong Kong, on June 7, 2024, China Longyuan Power (00916.HK) received an increase of 5.826 million shares from GIC Private Limited on the exchange at an average price of HKD 8.0376 per share, involving approximately HKD 46.8271 million. After the increase, GIC Private Limited's latest shareholding has increased from 7.88% to 8.05%, with a total of 267,183,000 shares.
China Longyuan Power Group Corporation Limited Goes Ex Dividend Tomorrow
China Longyuan Power Group Target Price Raised to HK$9.60 From HK$8.00 by Citigroup>0916.HK
China Longyuan Power Group Target Price Raised to HK$9.60 From HK$8.00 by Citigroup>0916.HK
Longyuan Power's Electricity Output Falls 7.5% in May
China Longyuan Power Group's (HKG:0916, SHE:001289) generated power declined 7.5% to 6.6 million megawatt-hours in May from 7.1 million megawatt-hours in the year-ago period, according to a Friday fil
Express News | Longyuan Power Says May Power Generation Down 7.5% Y/Y at 6.6 Mln Mwh
China Longyuan (00916.HK): the power generation in May was 6,577.2 million kilowatt-hours, a year-on-year decrease of 7.52%.
On June 7, GeLong Hui reported that China Longyuan (00916.HK) announced that according to preliminary statistics by the company, the total power generation completed by the Group in May 2024 was 6,577,200 megawatt hours, a 7.52% decrease compared to the same period in 2023. Among them, wind power decreased by 10.08%, thermal power decreased by 21.02%, and other renewable energy increased by 65.54%. As of May 31, 2024, the Group completed a cumulative power generation of 34,389,400 megawatt hours, an increase of 0.49% compared to the same period in 2023. Among them, wind power decreased by 5.55%, thermal power...
Express News | China Longyuan Power - May Power Generation on a Consolidated Basis Amounted to 6,577,161 Mwh, Year-on-Year Decrease of 7.52%
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