01816 CGN POWER
- 3.290
- -0.150-4.36%
CGN POWER News
CGN Power Issues 1.5 Billion Yuan of Short-Term Debts
CGN Power (SHE:003816, HKG:1816) completed the issue of 1.5 billion yuan worth of super short-term debentures on June 11, according to a Thursday filing with the Hong Kong Exchange. The debt securitie
CGN Power (01816.HK) has completed the issuance of 1.5 billion yuan worth of ultra-short-term financing, which will last for 268 days.
On June 13th, Guolong News reported that CGN Power (01816.HK) announced the completion of the issuance of the second ultra short-term financing bond ("the second ultra short-term bond") for 2024 on June 11, 2024. The total amount of the second ultra short-term bond was CNY 1.5 billion.The term is 268 days, the face value is CNY 100 yuan, the issuance interest rate is 1.79%, the interest starts on June 12, 2024, and the maturity date is March 7, 2025. CEB Bank Co., Ltd. acts as the bookkeeping manager and organizes the underwriting group. The second ultra short-term bond is issued through bookkeeping filing and centralized placement.
Stocks in the electric power sector rose across the board in the Hong Kong stock market, with an expected increase in electricity consumption during the summer. Under the new electricity market, the valuation of thermal power is expected to be reshaped.
According to the Zhitong Finance APP, electric power stocks are generally rising, as of press time, CGN Power (01816) rose 3.68% to HKD 3.88; China Power (02380) rose 3.23% to HKD 3.84; China Resources Power (00836) rose 2.16% to HKD 23.65; Huadian Power International Corporation (01071) rose 1.18% to HKD 5.15. In terms of news, the National Energy Administration recently issued a notice on guaranteeing the consumption of new energy and promoting high-quality development of new energy. The notice clarifies the full play of the electricity market mechanism in promoting the construction of a new power system.
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.
Hong Kong stock market change | CGN Power (01816) rose nearly 5%, leading the rise in electric utilities stocks. The policy focus is still on ensuring power consumption, and it is expected that the operators will be fully re-evaluated.
Zhitong Finance App learned that electric power stocks rose across the board today. As of press time, CGN Power (01816) rose by 4.81%, closing at HKD 3.27; China Suntien Green Energy Corporation (00956) rose by 4.25%, closing at HKD 3.8; Huaneng Power International, Inc. (00902) rose by 2.05%, closing at HKD 5.47; and Huadian Power International Corporation (01071) rose by 2.22%, closing at HKD 5.07. Changjiang Securities believes that the recent Notice on Doing a Good Job in the Consumption of New Energy and Ensuring the High-quality Development of New Energy issued by the National Energy Administration indicates that project construction for new energy and complementary power grids will be accelerate, and relevant units will be urged to cancel
As of June 11th, CGN Power Co., Ltd. manages a total of 28 operating units.
On June 11th, Gelunhui reported that CGN Power Co., Ltd. (003816.SZ) stated on its investor platform that as of June 11th, the company manages a total of 28 units in operation and 10 units that have been approved or are under construction. The company's reserved plant site ranks among the top in China, and it will actively carry out preparatory work for its projects, striving to obtain more national approvals.
How do you currently view investment opportunities in nuclear power equipment, Guolian Securities?
After the acceleration of nuclear power unit construction from 2020 to 2023, nuclear power equipment vendors are expected to achieve high performance realization in 2024.
CGN Power (01816.HK) received a shareholding of 3.825 million shares from BlackRock.
According to the latest equity disclosure information from the Stock Exchange of Hong Kong, on May 31, 2024, CGN Power (01816.HK) received BlackRock, Inc.'s shareholding of 3.825 million shares at an average price of HKD 2.9909 per share, with a total investment of approximately HKD 11.44 million. After the shareholding, BlackRock, Inc.'s latest holding increased to 671,686,416 shares, and the shareholding ratio increased from 5.98% to 6.02%.
Changes in Hong Kong stocks | Power stocks collectively rise, energy saving and carbon reduction action plan released, Citi says it is beneficial to the clean energy industry
Power stocks rose collectively. As of press release, CGN Power (01816) rose 4.01% to HK$3.11; Datang New Energy (01798) rose 3.17% to HK$1.95; China Resources Power (00836) rose 2.26% to HK$22.65; and China Electric Power (02380) rose 1.36% to HK$3.73.
Hong Kong Stock Concept Tracking | AI is booming, global power stocks are being sought after, and the electricity sector is receiving attention (with concept stocks)
According to reports, in May, electric power companies began to stock up on coal. “Nikkei Chinese.com” reported on the 30th that capital is pouring into global electricity-related stocks.
Huatai Securities: Optimistic about carbon reduction and transformation or speeding up the concentration of building materials
The bank believes that the release of this action plan is expected to strengthen the regulation of production capacity in the building materials industry, promote the implementation of energy-saving transformation in the building materials and construction industry, and accelerate the integration of photovoltaics in buildings and the construction of large scenic bases. It is recommended to focus on companies related to cement, engineering transformation, and power engineering.
Citibank: China's energy saving and carbon reduction targets benefit clean energy stocks such as China Resources Electric Power (00836) and Goldwind Technology (02208)
The Zhitong Finance App learned that Citi released a research report saying that China's newly released energy saving and carbon reduction action plans are overall higher than the number completed last year, and details on how to implement them are given, showing that clean energy is a priority for the government, which may benefit individual stocks related to the clean energy industry. China issued a 2024-25 energy saving and carbon reduction action plan, which plans to reduce carbon dioxide emissions by 3.9% this year. The bank pointed out that beneficiaries include grid equipment companies Pinggao Electric (600312.SH) and Siyuan Electric (002028.SZ); clean energy power generation company CGN Power (01816)
Guotai Junan: What are the potential possible directions of electricity market-based reforms?
Recommended leading companies in various power generation segments with competitive advantages: 1) thermal power; 2) hydropower; 3) nuclear power; 4) new energy.
CGN Power Co. Declares Dividend After AGM Success
CGN Power Co. Announces Share Repurchase Plan
The board of directors of CGN Power (01816.HK) has obtained general authorization to repurchase shares to repurchase no more than 10% of the shares
Gelonghui, May 29丨CGN Electric Power (01816.HK) issued an announcement. The company's 2023 annual shareholders' meeting, 2024 first A-share shareholders' meeting, and 2024 first H-share class shareholders' meeting held on May 29, 2024 granted general authorization to the board of directors to repurchase shares. The board of directors promptly decided to repurchase no more than the “Granting General Authorization to the Board of Directors to Repurchase Shares” resolution passed the annual shareholders' meeting, the A share class shareholders' meeting and the H share class shareholders' meeting approved 10% of the total amount, and a decision
CGN Power (01816): Shen Ning was appointed as a non-employee representative supervisor
CGN Power (01816) issued an announcement. Shen Ning was appointed as a non-employee representative supervisor. The term of office will be reviewed by the Annual Shareholders' Meeting...
CGN POWER: POLL RESULTS OF 2023 ANNUAL GENERAL MEETING, 2024 FIRST H SHAREHOLDERS' CLASS MEETING, 2024 FIRST A SHAREHOLDERS' CLASS MEETING HELD ON MAY 29, 2024, PAYMENT OF ANNUAL FINAL DIVIDEND AND APPOINTMENT OF SUPERVISOR
Return Trends At CGN Power (HKG:1816) Aren't Appealing
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongsi
Singapore Widens Its Pool of Carbon Credits to Offset Emissions
Companies in Singapore can tap a larger pool of carbon credits to offset up to 5% of their taxable emissions after the city-state signed a bilateral agreement with Ghana.
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