China Longyuan Power Group Approves Key Resolutions

TipRanksDec 20 20:13

Major brokerage rating丨GuoZheng International: The overall valuation of Hong Kong stock power Operation Sector is relatively low. It is recommended to pay attention to CHINA RES POWER and CHINA LONGYUAN.

Gelonghui, December 20 | Guozheng International published a report stating that under the overall organization of the National Energy Administration, the China Electricity Council, together with more than 20 units including the State Grid, China Southern Power Grid, and large power generation groups, has jointly compiled the "Blue Book", which systematically summarizes the achievements in the construction of the CHINA POWER market, deeply analyzes the situation and challenges, and proposes the development path and key tasks for further promoting the construction of a nationwide unified electricity market. The "Blue Book" clearly outlines the roadmap and timetable for the development of the nationwide unified electricity market for the first time, providing a clear direction for the healthy, orderly, and efficient development of the CHINA POWER market. The report indicates that the New energy Fund will enter the market Trade more than previously expected.

Gelonghui FinanceDec 20 11:09 · Ratings

The "Large Enterprises" National Certificate International: The national unified Electrical Utilities market development planning white paper has been officially released, recommending Run Electric (00836.HK), Longyuan (00916.HK), and Xintian (00956.HK).

A report published by the State Securities International indicates that, under the coordination of the National Energy Administration, the China Electricity Council, along with more than 20 other organizations such as State Grid, Southern Grid, and large power generation groups, has collaboratively prepared the 'Blue Book.' This book systematically summarizes the achievements in the construction of the CHINA POWER market, deeply analyzes the current situation and challenges, and proposes development paths and key tasks for further advancing the unified national electricity market. For the first time, the 'Blue Book' clarifies the 'roadmap' and 'timetable' for the development of the unified national electricity market, providing a clear direction for the healthy, orderly, and efficient development of the CHINA POWER market. The bank states that the entry of New energy into market Trade has accelerated compared to previous expectations.

AASTOCKSDec 20 10:25

China Longyuan Power Sells 2 Billion Yuan of Three-Year Bonds

MT NewswiresDec 19 20:19

CHINA LONGYUAN (00916.HK) has completed the issuance of 2 billion yuan medium-term notes.

Gelonghui reported on December 19 that CHINA LONGYUAN (00916.HK) announced it has completed the issuance of the company's medium-term notes on December 18, 2024. The total amount of this medium-term note issuance is 2 billion yuan, with a term of 3 years, a face value of 100 yuan, and an interest rate of 1.85%. Interest will start to accrue from December 19, 2024.

Gelonghui FinanceDec 19 18:51

Guozheng International: The national unified electricity market development plan blue paper has been officially released. Investors are advised to pay attention to CHINA RES POWER and others.

The National Certificate International released a research report stating that the publication of the "Blue Book" clarifies the development path and key tasks for building a national unified electricity market. It aims to discover value through the market, allowing electricity to return to its Commodity nature, which is beneficial for ensuring reasonable returns for electricity companies. The entry of New energy into the market has accelerated beyond previous expectations, with reasonable return enhancement policy expectations for New energy power operation companies entering the market. Currently, the overall valuation of the power Operation sector in the Hong Kong stock market remains low, with several Stocks having dividend yields exceeding 6%. The bank suggests that investors pay attention to CHINA RES POWER (00836), CHINA LONGYUAN (00916), and CHINA SUNTIEN (00956), among others.

Sina Hong Kong stocksDec 19 17:20