China Energine (01185) plans to delay the release of its mid-term performance in 2024.
China Energine (01185) announces in a statement that the board of directors hereby notifies shareholders and potential investors of the mid-2024 ...
CHINA ENERGINE: DELAY IN PUBLICATION OF THE 2024 INTERIM RESULTSAND CONTINUED SUSPENSION OF TRADING
Two departments are promoting the update of wind power equipment, with the industry expected to release 10GW of space. | Industry News
①The National Development and Reform Commission and the National Energy Administration encourage the transformation and upgrading of wind farms that have been connected to the grid for more than 15 years or have a single unit capacity of less than 1.5 megawatts. ②Industry insiders say that the scale of wind turbines that meet the above conditions is about 10 GW, and starting from 2025, there will be a peak of wind turbine retirement.
Two departments: by 2027, the investment scale of equipment in key energy areas will increase by more than 25% compared to 2023.
By 2027, the investment scale of equipment in the energy key areas will increase by more than 25% compared to 2023. It will focus on promoting the implementation of the "Three Transformations" of energy-saving transformation, heating transformation, and flexibility transformation for coal-fired power generation units, as well as achieving equipment renewal and technological transformation in the fields of power transmission and distribution, wind power, photovoltaics, hydropower, etc.
Two departments: Promote the update and recycling of wind power equipment.
On August 21, National Development and Reform Commission Office, National Energy Administration Comprehensive Department issued the "Implementation Plan for Large-scale Equipment Renewal in Key Energy Fields", in accordance with the requirements of the "Management Measures for the Transformation, Upgrading, and Retiremment of Wind Power Plants", encouraging the transformation and upgrading of wind power plants that have been connected to the grid for more than 15 years or have a single unit capacity of less than 1.5 megawatts.
Express News | The National Development and Reform Commission: Steadily promote the renovation and upgrade of hydropower equipment.
Express News | Citic sec: Wind power installed capacity demand exceeds expectations, quantity and profit welcome the turning point of repair.
Express News | China Securities Co., Ltd.: The core contradiction of wind power is still the domestic market, and overseas orders provide marginal increments.
By 2030, the energy-saving and environmentally friendly industry is planned to reach a scale of 15 trillion yuan, and wind and solar power generation may usher in a new round of demand growth.
① Today, many eco-friendly stocks have hit the upper limit. In terms of news, by 2030, the scale of the energy-saving and environmentally friendly industry is expected to reach around 15 trillion yuan, nearly doubling the scale in 2022. ② Achieving green and low-carbon energy transformation and building a new power system are crucial. Wind power and photovoltaic are expected to usher in a new round of growth. In terms of photovoltaic, the Chinese market share will account for more than 40% of the global market.
Express News | Citic Sec: Resonating both internal and external demand for wind power, prosperity is on the rise.
BOC International: Demand from offshore and overseas markets continues to drive sustained growth in the wind power industry, while domestic grid investment remains at a high level of prosperity.
The demand for 'sea and overseas' injects continued growth momentum into the wind power industry; the high prosperity of domestic main grid investment is expected to continue.
The wind has come for global offshore wind power, and related listed companies may usher in a new wave of prosperity cycle. | Industry observation
Recently, the 29.3GW deep-sea wind power plan in Shanghai has been approved by the government; On July 19th, Guangxi's 6500MW deep-sea wind power project will be launched for bidding, and the offshore wind power is expected to usher in a new wave of prosperity; Industry observers believe that during the new wave of prosperity, the domestic market and overseas market are expected to resonate at the same frequency, boosting the demand for relevant markets.
Swhy: The growth rate of phase demand slows down, the new production capacity continues to increase, and the profitability of the new energy industry is under overall pressure.
In 2024, the overall growth rate of electric, wind and energy storage is still facing the main constraints of the slowdown in phased demand growth and the continuous increase in new production capacity. The industry's profits are still under pressure, and corresponding funds will flow more to stocks with performance certainty.
National Energy Group's new energy installed capacity has exceeded 100 million kilowatts.
The installed capacity of new energy fund in State Power Group has exceeded 100 million kilowatts, of which the wind power scale is 62.28 million kilowatts, maintaining the world's first place.
China Energine (01185) received the resumption guidance.
Zhongguo Hangtian Wanyuan (01185) announced that the company has received a letter from the Hong Kong Stock Exchange dated June 27, 2024, which includes the following guidance on the resumption of trading of the company's shares: (a) to publish all unpublished financial performance and handle any audit revisions; (b) to demonstrate that the company has complied with Listing Rule 13.24; and (c) to disclose all material information to the market for the assessment of the company's condition by its shareholders and other investors. As of the date of this announcement, the application for extension of the debt grace period is still under processing and has not been approved. Therefore, the company is still subject to the auditor's requirements.
China energine (01185.HK) needs extra time to prepare its 2023 annual performance report and will continue to suspend trading.
China Energine (01185.HK) announced on June 14 that the board of directors hereby provides the latest progress to shareholders. The application to extend the debt grace period is still under review and has not been approved as of the date of this announcement. Therefore, the company is still collecting and organizing necessary information and documents to complete the audit process as required by the auditor. Therefore, the company needs additional time to prepare the annual performance report for the year 2023. It is currently estimated that the annual performance report for 2023 will be published by the end of October 2024. The company will issue further announcements at the appropriate time to inform shareholders and potential investors of any significant developments regarding the above matters.
China Energine (01185): Annual performance for 2023 is expected to be published by the end of October or earlier.
China Energine (01185) has announced that the application for extension of debt grace period is still under review and approval, as of the date of this announcement's issuance.
Midday Overview | Hong Kong stocks opened high and fell low, ChiNext fell more than 1%; wind power stocks rose against the trend, Datang Renewables rose more than 5%.
NIO Inc. fell more than 7% after the earnings report, with an expanded loss in the first quarter and a decrease in the average price and delivery volume of autos.
Express News | State Council: Increase efforts to develop non-fossil energy
China Aerospace Wanyuan (01185.HK): Rocket Academy's support for the company's operations and approval of debt grace period extension applications present major challenges and risks
China Aerospace Wanyuan (01185.HK) issued an announcement. The finance department of the Rocket Academy informed the company that due to the company's business improvements and new business development plans falling short of expectations, the conditions for extending the debt grace period are not yet in place. As a result, there is significant uncertainty as to whether the application for an extension of the debt grace period will be approved.
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