00916 CHINA LONGYUAN
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CHINA LONGYUAN News
China Longyuan Power's Power Generation Rises 8% in October
National Energy Administration: Further regulate the behavior of electricity market trading
The General Office of the National Energy Administration issued a notice on further regulating the behavior of electricity market trade. All operating entities should further regulate market quoting behavior, considering objective factors such as unit fixed costs, fuel costs, energy supply and demand, etc., to quote compliantly and promote trading prices reflecting the true and accurate value of electrical commodities. Power generation and sales entities shall not unify negotiated transaction prices and declaration elements such as electricity quantity through online or offline methods for specific transactions between relevant operating entities on the generation and sales sides.
Express News | gtja: Electrical utilities assets are expected to usher in a new round of value revaluation opportunities.
Selected Announcement | Vanke's cumulative contracted sales in the first ten months of the year totaled 202.55 billion yuan; sunny optical's mobile phone lens shipments in October were approximately 0.116 billion units
cgn new energy completed a generating capacity of 1670.5 gigawatt hours in October, a year-on-year increase of 31.9%; longfor group achieved a total contract sales amount of 84.5 billion yuan in the first 10 months.
Hong Kong stocks morning report on November 11: The financial 10 trillion debt conversion plan is implemented, and the Dow Jones Index in the United States has achieved its largest weekly increase in a year.
① Minister of Finance Lan Foan stated that local bond resources will be increased to 10 trillion yuan; ② Last Friday, the three major US stock indexes collectively rose, with the Dow Jones, S&P 500 index both achieving their largest weekly gains in a year. China concept stocks were generally down; ③ Trump is considering candidates such as the SEC Chairman; ④ Tesla's stock price rose by 8% last Friday, Elon Musk's net worth surpassed $300 billion for the first time in nearly three years.
gtja: The electrical utilities assets are expected to usher in a new round of value reassessment opportunities with the verification of electricity price stability. Maintain a "shareholding" rating for the industry.
gtja released research reports stating that it maintains a "shareholding" rating for the electrical utilities industry.
Express News | Attracting foreign investment into the market, Shenzhen Stock Exchange takes action!
Express News | China Longyuan: The cumulative power generation completed in the first 10 months was 62.74386 million megawatt-hours, a year-on-year increase of 2.94%.
China Longyuan Power's Surge in Renewable Energy Output
china longyuan (00916.HK) completed a power generation of 5.9 million megawatt-hours in October, an increase of 8.22% year-on-year.
Grey Finance on November 8th: China Longyuan Power (00916.HK) announced that in October 2024, according to the consolidated financial statements, the electricity generation was 5,897,268 megawatt hours, an increase of 8.22% year-on-year compared to the same period in 2023. Among them, wind power generation increased by 24.35%, while other renewable energy generation increased by 67.68%. As of October 31, 2024, the company's cumulative electricity generation completed in 2024 was 62,743,860 megawatt hours, a 2.94% year-on-year increase compared to the same period in 2023. Among them, wind power generation increased by 0.44%, other renewable energy generation
China Longyuan (00916.HK): Bright Q3 performance with asset injection to help increase installed capacity.
Event: The company released its third-quarter performance in 2024. In the first three quarters, the company achieved revenue of 26.35 billion yuan, a year-on-year decrease of 6.37%; net income attributable to the parent company was 5.668 billion yuan, a year-on-year decrease of 11.38%. Comment on Jiangyin, Jiangsu.
Major rating upgrades bocom intl: Raised china longyuan target price to 8.6 Hong Kong dollars, third-quarter profit exceeds expectations.
Gelonghui November 6｜bocom intl released a report pointing out that china longyuan's profit for the third quarter exceeded expectations due to adjustments related to the sale of thermal power projects. Profit for the first three quarters fell by 21.5% year-on-year to 5.67 billion yuan, still higher than the bank's expected about 20%. The total electricity generation for the first three quarters increased by 2.4% year-on-year, with wind/solar power generation decreasing by 1.8% and increasing by 82.9% year-on-year respectively. In the last quarter, the company added 31 megawatts and 314 megawatts of wind/solar installed capacity on a quarterly basis. bocom intl pointed out that due to the sale and termination of thermal power projects, as well as the injection of assets from the parent company, the profit forecast for china longyuan for 2024 to 2026 has been raised by 12.7% and 3%.
Express News | Citi: Raises target price of China Longyuan to 8 Hong Kong dollars, reiterates 'buy' rating.
GIC Private Limited reduced its shareholding in China Longyuan (00916) by 0.319 million shares at a price of HKD 6.91 per share.
On October 31, GIC Private Limited reduced its shareholding in China Longyuan Power (00916) by 0.319 million shares, priced at 6.91 Hong Kong dollars per share, with a total amount of approximately 2.2043 million Hong Kong dollars.
CICC: Profit improvement in clean energy in Q3 24, with bright spots in thermal power operation.
Under the influence of weak wind conditions and the pressure on electricity prices, the revenue of the new energy generation sector only increased by 0.76% year-on-year; while the net income attributable to equity holders decreased by 5.79% year-on-year.
Chinese Solar Firms, Ever-nimble, Go Further Afield Where US Tariffs Don't Reach
china longyuan (001289): Operating pressure released on a month-on-month basis, rapid growth in quarterly performance.
The company released the third quarter report of 2024: in the third quarter of 2024, the company achieved revenue of 7.467 billion yuan, a 9.87% year-on-year decrease; achieved a net income attributable to the parent company of 1.648 billion yuan, a 41.58% year-on-year increase.
china longyuan (001289): Improved wind power generation in Q3 24, significant increase in investment income leading to a large growth in attributable net income.
In Q3 2024, the company's revenue decreased year-on-year, with a significant increase in investment income leading to a large increase in attributable net income. In the first three quarters of 2024, the company achieved revenue of 26.35 billion yuan (-6.39%) and attributable net income
China Longyuan (00916.HK): Power generation rebound helps performance recovery, gradual divestment of thermal power assets.
Event: The company released the third quarter performance announcement, achieving revenue of 26.35 billion yuan in the first three quarters of 2024, a year-on-year decrease of 6.39%; net income attributable to shareholders was 5.475 billion yuan, a year-on-year decrease of 10.61%; net income attributable to non-controlling interests.
Swiss Reinsurance Life once again acquired China Longyuan Power's H shares. Insurance funds have taken stakes in listed companies 12 times this year, reaching a near four-year high in frequency.
①The source of the funds for the shareholding comes from their own capital accounts, universal and dividend account insurance liability reserve; ② As of November 1st, insurance companies have made a total of 12 shareholding attempts this year, targeting 11 listed companies; ③ Insurance companies frequently engage in shareholding, which is related to adjusting investment strategies under the background of the new accounting standards.
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