Guodian Power ranks 81st in the wealth of investment transformation

Mondo Finance Updated on 2024-02-03

It is estimated that the company will achieve a net profit attributable to shareholders of listed companies of 530,000 yuan to 580,000 yuan in 2023, a year-on-year increase of 9292% to 11112%。

The company plans to invest in the construction of a 2 million kilowatt photovoltaic project in the coal mining subsidence area of Ordos in Mengxi, which is invested, constructed, operated and managed by the company and Ordos Zhengteng Construction Investment Group in accordance with the 96%:4% share ratio of Guodian Power Qingneng Etuoke Qianqi. The total investment in the project dynamics is 834.3 billion yuan, 20% of the capital, and the rest through bank loans. According to the calculation of the share ratio, the company will increase its capital by 16 to Guodian Electric Power Qingneng Etuoke Qianqi0.2 billion yuan for project investment and construction.

Based on the confidence in the future development of Guodian Power Development Co., Ltd. and the recognition of the long-term investment value, the company's controlling shareholder, China Energy Investment Group Co., Ltd., plans to increase its holdings of the company's A shares in the next 12 months through its wholly-owned subsidiary, China Energy Group Capital Holdings, in a manner permitted by the Shanghai ** Stock Exchange, with an increase of not less than RMB 300 million, no more than RMB 400 million, and no more than 487 yuan shares, capital ** for the capital holding own funds. Before the implementation of the shareholding increase plan, China Energy Group directly held about 90 shares of the company3.9 billion shares, accounting for 50 percent of the company's total share capital68%;Capital Holdings directly holds about 17.5 million shares of the company, accounting for 01%。

Xiangshan Company, a holding subsidiary of the company, plans to invest in the construction of Xiangshan No. 1 offshore wind power (phase II) project, with a total dynamic investment of 497.4 billion yuan. The company holds 51% of the equity of Xiangshan Company, and according to the share ratio, the company needs to increase the capital of Xiangshan Company by 50.7 billion yuan for the investment and construction of the project.

The company's controlling shareholder, China Energy Group, will transfer all 21% of its shares in the hydropower development of the Dadu River Basin of National Energy. The company intends to acquire 11% of the shares of Dadu River Company held by China Energy Group in cash through a non-public agreement, and acquire **437 billion yuan. The remaining 10% equity of Dadu River Company held by China Energy Group will be publicly listed and transferred on the equity exchange, and the Company intends to give up the right of first refusal of this part of Dadu River Company's equity.

Its wholly-owned subsidiary, Ningbo Wind Power, will acquire Chint New Energy 512.05 million kilowatts distributed photovoltaic project. The project involves a total of 1 target company and 81 project companies, including 201 distributed photovoltaic power stations, with a transaction of 103.6 billion yuan.

Guodian Power Development Co., Ltd. is the core power listed company controlled by the National Energy Group and the integration platform of conventional energy power generation business, the main business is the production and sales of electricity and heat, and the industry involves thermal power, hydropower, wind power, photovoltaic power generation and coal and other fields, distributed in 28 provinces, municipalities and autonomous regions across the country. As of the end of 2022, the company's total assets were 41285.2 billion yuan, holding an installed capacity of 9738100,000 kilowatts, controlling coal resource reserves of 268.1 billion tons, the company's total share capital is 1783.6 billion shares. In July 2022, the company ranked 81st on the Fortune China 500 list.

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