Towngas Smart Energy's Unit to Acquire 55% Stake in Renewable Energy Projects Company

MT NewswiresDec 19 21:11

TG SMART ENERGY (01083.HK) plans to acquire a 55% stake in Changzhou Gangneng Investment Smart Energy for 57.1369 million yuan.

On December 19, Glonghui announced that TG SMART ENERGY (01083.HK) has entered into a transfer agreement with the seller on December 19, 2024, where the buyer (a wholly-owned subsidiary of the company) will acquire all 55% equity of the target company, Changzhou Gang Neng Investment Smart Energy Co., Ltd., for a price of 57.1369 million yuan. It is reported that the target company is a limited company established in China, owned 55% by the seller and 45% by Changzhou Ganghua Gas. The target group mainly engages in renewable energy projects (mainly photovoltaic projects) and integrated smart energy photovoltaic projects. The announcement shows.

Gelonghui FinanceDec 19 17:46

HTSC has lowered the Target Price for TG SMART ENERGY (01083.HK) to 3.85 yuan and slightly adjusted the profit forecast.

HTSC published a Research Report, lowering the core net profit forecast for TG SMART ENERGY (01083.HK) for the fiscal years 2024 to 2026 by 6%, 6%, and 3% respectively. It noted that the growth rate of Henry Hub Natural Gas sales is hindered by industrial demand, but price adjustments and cost reductions assist in the continuous recovery of gross margins, and it is expected that the urban gas business will achieve moderate growth. The firm indicated that under the light asset model, TG SMART ENERGY's industrial distributed photovoltaic equity installations may remain stable; the impact of changes in distributed photovoltaic policies is limited, and the profit and cash flow contributions from renewable energy are viewed favorably. In addition, TG SMART ENERGY has a high dividend characteristic, and if the payout ratio remains at 2.

AASTOCKSDec 11 13:50

TG SMART ENERGY (1083.HK): Steady growth in urban gas and profit release from renewable energy.

We have lowered the forecast for net income attributable to shareholders (core) for 2024-26 by 6%/6%/3% to 1.45/1.53/1.7 billion Hong Kong dollars. The growth rate of Henry Hub Natural Gas sales is affected by industrial demand, but the price adjustment and cost reduction help maintain the gross margin.

HTSCDec 11 11:02

Towngas Smart Energy to Buy Materials From Controlling Shareholder for Three More Years

MT NewswiresDec 6 20:00

Tg smart energy related reits successfully issued.

Tg smart energy successfully issued the "Zero Carbon Smart Phase 1 Green Asset Support Special Plan (Carbon Neutrality)" on December 4, 2024 on the Shenzhen Stock Exchange, with a scale of 0.515 billion yuan and a priority coupon rate of 2.3%. It is the first Hong Kong-funded company to successfully issue REITs in the domestic market, and also the first distributed photovoltaic and energy storage REITs in the entire market. The project achieved outstanding issuance results: 1. The low issuance price reflects market approval. Since September this year, affected by domestic macroeconomic policies and global interest rate environment, there have been significant fluctuations in domestic bond market prices. The working group made every effort to achieve.

Gelonghui FinanceDec 4 18:05