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Shanghai Electric Power Issues 1.7 Billion Yuan Super Short-Term Bonds
These 4 Measures Indicate That Shanghai Electric Power (SHSE:600021) Is Using Debt In A Risky Way
Shanghai Electric Power Co., Ltd. announced a forecast of increased performance for the first half of 2024.
Shanghai Electric Power (600021.SH): The merged power generation in the first half of the year reached 35.882 billion kilowatt-hours, an increase of 1.98% year-on-year.
Shanghai Electric Power (600021.SH) announced on July 9th that according to the company's statistics, the company completed a total of 35.882 billion kilowatt hours of power generation from January to June 2024 on a consolidated basis, a year-on-year increase of 1.98%. Among them, coal power completed 23.911 billion kilowatt hours, a year-on-year decrease of 2.39%, gas power completed 3.959 billion kilowatt hours, a year-on-year increase of 36.03%, wind power completed 5.031 billion kilowatt hours, a year-on-year decrease of 0.36%, and photovoltaic power generation completed 2.981 billion kilowatt hours, a year-on-year increase of 9.22%. The power sent to the grid was 34.39 billion kilowatt hours, a year-on-year increase of 2.63%.
Express News | Shanghai Electric Power Says It Sees H1 Net Profit up 54.4-83.8% Y/Y
Shanghai Electric Power (600021.SH): Plans to implement the Romanian Prime photovoltaic project.
On June 21, Gelunhui reported that the board of directors of Shanghai Electric Power (600021.SH) approved the company's subsidiary, Shanghai Electric Power Energy Development (Hong Kong) Co., Ltd. or its subsidiary in Romania to acquire 75% equity of the Romanian Prime 12.9 MW photovoltaic project target company for no more than 9.5565 million euros as the equity consideration; The project development will be implemented with a dynamic tax-included total investment of no more than 101.46 million euros, and Shanghai Electric Power will subsequently invest no more than 26.6333 million euros in capital.
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