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SHA:600795

6 stories mentioning SHA:600795Updated 4d ago

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Asia

Huaihe Energy to Invest 68 Million Yuan in Inner Mongolia Joint Venture; Shares Down 3%

Huaihe Energy (SHA:600575) agreed to invest 68 million yuan to establish a joint venture that will develop projects in Inner Mongolia's Kubuqi Desert Base, according to a Shanghai bourse filing on Thursday.The venture, to be named Guodian Power Huaineng Base (Inner Mongolia) Energy, will have an initial registered capital of 200 million yuan.The Chinese power company will own 34% of its capital. Its venture partners, GD Power Development (SHA:600795), also named Guodian Power Development, PetroChina Taihu (Beijing) Investment and Ordos New Energy Development & Utilization, will own 51%, 10% and 5%, respectively.Huaihe's shares fell 3% during the afternoon trade.

SHA:600575SHA:600795
Asia

GD Power Development's Total Power Output Rises 6.7% in Q2

GD Power Development's (SHA:600795) total power output rose 6.7% year over year to 112.9 billion kilowatt-hours in the second quarter, according to a Thursday filing with the Shanghai bourse.Grid-connected power grew 6.5% to 107.4 billion kWh.For the first half, total power output increased 6.3% to 218.9 billion kWh.Shares rose 2% during the midday break on Thursday.

SHA:600795
Asia

GD Power Development's Q1 Profit Drops 23%, Revenue Slips 2%

GD Power Development's (SHA:600795) net profit attributable to shareholders in the first quarter dropped 23% to 1.40 billion yuan from 1.81 billion yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share declined 24% year on year to 0.078 yuan from 0.102 yuan.Operating revenue slipped 1.6% to 39.2 billion yuan from 39.8 billion yuan in the previous year.The Chinese power company's shares slid 1% during the midday trade.

SHA:600795
Asia

GD Power Development Plans Renewal of Financial Services Deal With Related Party

GD Power Development (SHA:600795) plans to renew a three-year financial services deal with CHN Energy Finance, a subsidiary of controlling shareholder CHN Energy Group.The deal sets daily limits of 100 billion yuan for direct loans and bill services, 40 billion yuan for deposits and 20 billion yuan for entrusted loans, according to a Wednesday filing with the Shanghai bourse.Total annual service fees are capped at 50 million yuan.Shares of the power generation and project development company rose 1% in recent trade.

SHA:600795
Asia

Correction: GD Power Development 2025 Profit Down 27%, Revenue Slips 5%

(Corrects the headline to fix a typo)GD Power Development (SHA:600795) posted 2025 attributable net profit of 7.16 billion yuan, down 27% from 9.83 billion yuan the previous year.Earnings per share slid to 0.402 yuan from 0.551 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue slipped 5.0% year over year to 170.2 billion yuan from 179.2 billion yuan.Shares of the power generation and project development company rose 2% in recent trade.

SHA:600795
Asia

For Jibran: GD Power Development 2025 Profit Down 27%, Revenue Slips 5%

GD Power Development (SHA:600795) posted 2025 attributable net profit of 7.16 billion yuan, down 27% from 9.83 billion yuan the previous year.Earnings per share slid to 0.402 yuan from 0.551 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue slipped 5.0% year over year to 170.2 billion yuan from 179.2 billion yuan.Shares of the power generation and project development company rose 2% in recent trade.

SHA:600795

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