Shell Exits China Power Market to Refocus Strategy
Shell Pulls Out of China Power Market as Part of Push to Improve Returns
China Power International Sells 2 Billion Yuan of Green Bonds
China Power International Development (HKG:2380) issued 2 billion yuan of green bonds in China's bond market on April 25, a Tuesday filing on the Hong Kong bourse stated. According to the disclosure,
Shell Exited China Power Business Amid Push to Boost Returns
China Electric Power (02380.HK) completed the issuance of 2 billion yuan of green medium-term notes (sustainable linked)
Gelonghui, April 30, 丨 China Electric Power (02380.HK) announced that on April 25, 2024, the company will issue the first green medium-term note (sustainable linked) of the year (DFI) under the registration of the China Interbank Market Dealers Association (“DFI”), the first issue of the year (DFI - Sustainable Linked Note - 2024-001, “This Sustainable Linked Note”). This is the first time that a commercial paper with a coupon interest rate linked to the issuer's nationally certified voluntary emission reduction (“CCER”) performance target has been issued on the Chinese bond market. The principal amount is RMB 2 billion, and the coupon interest rate is 2 per year
中國電力:2023年報
China Electric Power (02380.HK) issues 1 billion yuan of corporate bonds
Gelonghui, April 19, 丨 China Electric Power (02380.HK) announced that on April 19, 2024, the company has issued the second issue of corporate bonds (corporate bonds - 2024 issue 2) on the Shanghai Stock Exchange, with a principal amount of RMB 1 billion, a coupon interest rate of 2.39% per year for a period of 3 years.
[Broker Focus] No. 1 Shanghai maintains China Electric Power (02380) purchase rating, indicating that the company's profit growth in 2024 is more certain
Jinwu Financial News | According to First Shanghai Research and Development, in 2023, China Electric Power (02380) achieved revenue of 44.262 billion yuan, an increase of 1.3% over the previous year, and profit to mother of 2.66 billion yuan, an increase of 7.2% over the previous year. Net profit split from division to mother: coal power sector profit of 928 million yuan, wind power profit of 2,222 million yuan, photovoltaic profit of 999 million yuan, hydropower loss of 532 million yuan. The company plans to pay a dividend of RMB 0.132, increasing the dividend ratio to 61%, and maintaining a high dividend ratio. According to the bank, the company's profit growth in 2024 is highly certain, and the group's project injection will contribute the full amount of benefits
[Special Offer V] Deng Shengxing: Lack of data to support the weakness of Hong Kong stocks
Jinwu Financial News | The Hang Seng Index closed at 16,251 points on Wednesday (17th), up 2 points. The daily transaction was 99.2 billion yuan. The National Index closed at 5,749 points, up 5 points, or 0.1%. The index closed at 3,340 points, up 2 points, or 0.1%. Blue chip stocks developed individually. Out of 82 blue chips, 41 were made well. The speculation was high. Yao Ming Kang De (02359) rose 4.9%. As the best performing blue chip, the same drug biotech (02269) also rose 2.2%; Ideal Auto (02015) rose 4%, the second-best blue chip; the Dow closed at 37,753 points on Wednesday (17th), falling 45 points or 0.
China Power International Development's Electricity Sales Rise 25% in March; Q1 Sales Up 32%
China Power International Development's (HKG:2380) electricity sold rose 25% to 10.5 million megawatt-hours in March from 8.4 million megawatt-hours in the year-ago period, according to a Tuesday fili
China Electric Power (02380.HK)'s consolidated total electricity sales volume of 10.55 million megawatt-hours in March increased 25.31% year-on-year
Gelonghui, April 16, 丨 China Electric Power (02380.HK) announced that the combined total electricity sales volume of the company and its subsidiaries in March 2024 was 10,545,635 megawatt-hours, an increase of 25.31% over the same period last year; while the total consolidated electricity sales volume for the first three months of 2024 was 29,970,060 megawatt-hours, an increase of 31.99% over the same period last year.
[Broker Focus] Guoyuan International maintains China Electric Power (02380) purchase rating, expected to decline in coal price+capacity electricity price delivery promotes stable profits for thermal power plants
Jinwu Financial News | According to Guoyuan International Development Research, China Electric Power (02380) achieved revenue of 44.262 billion yuan in 2023, an increase of 1.31%; realized profit attributable to equity owners of 3,084 billion yuan, an increase of 16.48% year on year; realized profit attributable to common shareholders of 2.66 billion yuan, an increase of 7.23% year on year, with a basic profit of 0.22 yuan per share. The company's lower than expected performance was mainly due to water and electricity losses due to poor water supply and the relatively high share of minority shareholders in the acquisition of scenery assets, which reduced the share of net profit returned to mother. In 2023, the company's dividend per share was 0.132 yuan, a year-on-year increase
China Electric Power Affiliates signed a BESS sales contract with Shandong Ludian
China Electric Power (02380) announced that on April 15, 2024, Xinyuan Smart Storage (a subsidiary of the company), as the seller, signed a BESS sales contract with Shandong Ludian. Xinyuan Smart Storage will provide energy storage system equipment and components and related services for the Atacama project at a cost of RMB 382 million. Xinyuan Smart Storage has agreed to provide energy storage system equipment and components and related services for the Atacama project, including battery storage compartments and in-cabin equipment, power conversion systems, energy management systems, spare parts, installation, commissioning, performance evaluation, trial operation and sales
Hong Kong Stock Announcement Nuggets | The total original premium income of the three major subsidiaries of the China People's Insurance Group increased 1.32% year-on-year to 253,031 billion yuan in the first three months
China Financial Insurance (02328)'s total insurance premium income of 173,977 billion yuan in the first three months increased 3.8% year on year; Huaneng International Power Co., Ltd. (00902) completed feed-in power generation of 113,036 billion kilowatt-hours in the first quarter, up 5.63% year on year
China Electric Power (02380.HK) subsidiary signs a BESS sales contract with Shandong Ludian
Gelonghui, April 15, 丨 China Electric Power (02380.HK) announced that on April 15, 2024, Xinyuan Smart Storage (a subsidiary of the company), as the seller, signed a BESS sales contract with Shandong Ludian. According to this, Xinyuan Smart Storage will provide energy storage system equipment and components and related services for the Atacama project at a cost of RMB 382 million. The Atacama project refers to Shandong Ludian's 110 MW/220 MW energy storage project located in Tira-Amarilla, Copiapo Province, Chile. Providing information related to energy storage systems for the Atacama project
[Broker Focus] Haitong Securities's first payment to China Electric Power (02380) is superior to the market rating, indicating that energy transformation is speeding up
Jinwu Financial News | Haitong Securities said that China Electric Power (02380) is the new energy core platform under the China Power Investment Group. As of the end of 2023, the company's consolidated installed capacity was 45.2 million kilowatts, or YOY +42.5%. Among them, coal/gas/hydropower/wind power/photovoltaic/environmentally-friendly installations were 1108/50.5/595.1/1202/1515/317,000 kilowatts, YOY +0%/6.31%/+9.17%/+67.1%/+110.2%/+60.91%, respectively. According to the bank, the company's thermal power turned a loss into a profit, hydropower was under pressure, and wind power and photovoltaics made a profit
CICC: Optimistic about lower coal prices in 24, thermal power welcomed a double hit from Davis
The Zhitong Finance App learned that CICC released a research report stating that recently, the Hong Kong stock thermal power company released its 2023 annual report, and the performance was in line with expectations; the industry's core profit and cash flow were significantly restored, ancillary service revenue was realized, and dividend payout rates increased. They are optimistic that coal prices will drop in 2024, and Thermal Power will hit Davis in a double whammy. Furthermore, according to the public performance meeting of power companies, capacity electricity prices were implemented well in January-February 2024. The electricity price compensation was around 2 to 3 points. Combined with the electricity price portion of electricity, thermal power can still maintain a premium of 17-18%, and the year-on-year decline is manageable. On the cost side, 1Q24 thermal coal prices are -20% year-on-year, forecast
The concept of green power rose, CGN New Energy (01811) rose 5.56%, and multiple departments issued guidance to strengthen financial support for green and low-carbon development
Jinwu Financial News | The green power concept rose collectively. CGN New Energy (01811) rose 5.56%, Huadian Power (01071) rose 3.49%, Huaneng International Power (00902) rose 3.34%, China Electric Power (02380) rose 1.86%, and China Resources Electric Power (00836) rose 1.56%. Recently, the National Development and Reform Commission, the Energy Administration, and the Ministry of Agriculture and Rural Affairs jointly issued the “Notice on Organizing the Implementation of the “Thousand Villages to Harness the Wind”, which proposes to promote the local development and utilization of wind power in rural areas, and innovate development and utilization scenarios, investment and construction models, and revenue sharing machines
Changes in Hong Kong stocks | Huadian International (01071) rose more than 4%, leading power stocks, coal prices fluctuated and declined in the off-season, and the profitability of thermal power operators continued to recover
The Zhitong Finance App learned that power stocks rose again. As of press release, Huadian International (01071) rose 4.37% to HK$4.78; Huaneng International (00902) rose 3.14% to HK$5.25; China Resources Power (00836) rose 1.35% to HK$19.52; and China Electric Power (02380) rose 1.24% to HK$3.26. Great Wall Securities said that upstream coal prices have been low in recent years and have maintained a downward trend, reducing power generation costs for thermal power companies; downstream electricity price transmission is lagging behind, electricity price levels are still expected to rise, and the first quarter results are profitable
Changes in Hong Kong stocks | Huadian International (01071) rose more than 4%, leading power stocks, thermal power profits still have room to improve, agencies say Hong Kong's dividend rate may exceed 10%
Power stocks continued their recent gains in early trading. As of press release, Huadian International (01071) rose 4.47% to HK$4.67; Huaneng International (00902) rose 4.23% to HK$5.17; Datang Power (00991) rose 2.65% to HK$1.55; China Electric Power (02380) rose 2.55% to HK$3.22; and China Resources Electric (00836) rose 1.83% to HK$18.96.
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