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Express News | The first phase of the 1 million kilowatt solar photovoltaic project for the interconnected clean Energy base in northern Laos by China General Nuclear Power Group has started construction.
Hong Kong stock midday review | All three indices rose, the Technology Index up over 1%; Autos, power, and Semiconductor stocks increased, with Li Auto and CHINA LONGYUAN rising nearly 4%, and Semiconductor Manufacturing International Corporation up over
Network Technology stocks are generally rising, XIAOMI-W is up 2.17%, SENSORY-W is up 2.03%; Electric Power stocks are all going up, HUADIAN POWER is up 4.53%, CHINA LONGYUAN is up 3.86%; Hong Kong Retail Stocks are generally rising, BOSSINI INT'L is down 6.78%, PRADA is up 2.59%;
Express News | The CGN Laizhou Tushan 600 megawatt "salinity and light complementary" project has been fully connected to the grid for power generation.
Express News | CGN Power Co., Ltd. Delingha Concentrated Solar Power and Storage Integrated Project partially connected to the grid for power generation.
CGN NEW ENERGY (01811.HK) reported an 18% year-on-year drop in electricity generation in November.
CGN NEW ENERGY (01811.HK) announced that in November, the consolidated reported power generation amounted to 1,360.8 GWh, a decrease of 18% year-on-year. Among these, wind power projects in China decreased by 24.6%, solar projects in China increased by 8.9%, combined heat and power projects and gas projects in China decreased by 9.7%, hydroelectric projects in China increased by 72.6%, and projects in South Korea decreased by 14.7%. In the first eleven months of this year, the group has accumulated a total power generation of 17,684.1 GWh, an increase of 1.7% year-on-year. Among these, wind power projects in China decreased by 1.1%, solar projects in China increased by 23.2%, and China
Central Bank International: Next year, Nuclear Power prefers CGN MINING. In the Sector, recommend CHINA RES POWER and EB ENVIRONMENT.
ZhONGYIN International released a research report stating that it maintains a "Shareholding" rating for the CHINA POWER Sector; the CECEP Solar Energy Sector is rated "Neutral". Within its research scope, it prefers upstream Uranium mining companies rather than Nuclear independent power plants, therefore for next year, the first choice for Nuclear Power is CGN MINING (01164). As for the power sector, it recommends CHINA RES POWER (00836) and EB ENVIRONMENT (00257). The bank indicated that in 2025, it continues to be Bullish on the CHINA POWER Sector more than the CECEP Solar Energy Sector, despite the expectation of a continuous decline in the effective supply of the solar value chain under the increasing inventory pressure. However, the visibility of demand growth is lacking.