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SHA:600886

11 stories mentioning SHA:600886Updated 15d ago

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Asia

SDIC Power's Unit 3 of 3rd Phase of SDIC Qinzhou Power Plant Goes Online

SDIC Power's (SHA:600886) unit 3 of phase 3 of the 660-megawatt SDIC Qinzhou Power Plant went online on Monday following a 168-hour trial operation, according to a Tuesday filing with the Shanghai bourse.The power plant, operated by SDIC Qinzhou No. 2 Power Generation, has a capacity of 3.3 billion kilowatt-hours and a heating capacity of about 800 tons per hour.The power plant has high-efficiency dust removal, desulfurization, and denitrification facilities, the filing said.

SHA:600886
Asia

SDIC Power Commences Operations at Unit 2 of Zhoushan Gas-Fired Power Project

SDIC Power Holdings (SHA:600886) said Unit 2 of the gas-fired power generator of its subsidiary, SDIC Jieneng (Zhoushan) Gas Power Generation, has commenced operations, according to a Shanghai bourse filing on Wednesday.The unit, which is one of the two 745-megawatt units of the SDIC Zhoushan project, completed a 168-hour trial operation on Aug. 31. It's designed to operate with a power generation capacity of approximately 2.5 billion kilowatt hours every year.The power producer's shares rose 2% during the morning trade.

SHA:600886
Asia

SDIC Power Brings Unit 4 of Qinzhou Power Plant Phase III Online

SDIC Power Holdings (SHA:600886) said Unit 4 of the third phase of its Qinzhou Power Plant has commenced operations following the completion of a 168-hour trial run, according to a Tuesday filing with the Shanghai bourse.Operated by subsidiary SDIC Qinzhou No. 2 Power Generation, the 660,000-kilowatt unit has an annual designed power generation capacity of 3.3 billion kilowatt-hours and a heating capacity of 800 tons per hour.The facility is equipped with dust removal, desulfurization, and denitrification systems.Shares in the power producer rose 1% during morning trading on Tuesday.

SHA:600886
Asia

SDIC Power's Attributable Profit Slides 7% in H1

SDIC Power's (SHA:600886) attributable profit fell 6.8% to 3.54 billion yuan in the first half from 3.79 billion yuan in the year-ago period, according to a Friday filing with the Shanghai Stock Exchange.Earnings per share at the power generation company decreased to 0.4330 yuan from 0.4763 yuan in the prior-year period.Operating revenue declined 7.1% year over year to 23.9 billion yuan from 25.7 billion yuan.Company shares fell 2% during morning trading on Friday.

SHA:600886
Asia

SDIC Power's Unit Ties Up With CATL to Set Up Venture for Yagen II Hydropower Station

SDIC Power's (SHA:600886) unit, Yalong River Hydropower Development, plans to establish a joint venture with Contemporary Amperex Technology (SHE:300750, HKG:3750) that will manage the construction of a 33.4 billion yuan hydropower station, according to a Shanghai bourse filing on Tuesday.The joint venture, to be named Yalong River Yagen Hydropower Development, will build the Yagen II Hydropower Station, which will have an installed capacity of 2.4 gigawatts and an estimated annual electricity generation of 8.65 billion kilowatt hours.CATL's Hong Kong shares rose 3%, while Shenzhen shares increased 2% during the midday trade.

HKG:3750SHA:600886SHE:300750
Asia

SDIC Power's Electricity Generation Drops 15% in Q2

SDIC Power (SHA:600886) generated 32.5 billion kilowatt-hours of electricity in the second quarter, down 14.8% from a year earlier, according to a Saturday filing on the Shanghai bourse.The state-owned utility's on-grid electricity for the April-June period similarly fell 15.2% year over year to 31.46 billion kWh. The contraction was driven by reduced rainfall and lower water inflows in the river basins feeding its hydropower subsidiaries, including Yalong River Hydropower Station and the Xiaosanxia Hydropower Station.For the first half of 2026, total power generation slipped 8.7% to 70.36 billion kWh, while total on-grid electricity dropped 8.88% to 68.50 billion kWh.Despite the volume drop, the company noted that its average H1 on-grid tariff edged up 3.68% to 0.366 yuan/kWh due to capacity payments and commercial marketing adjustments.

SHA:600886
Asia

SDIC Power Subsidiary Approves 365-Million-Pound Loan for Scotland Wind Project

SDIC Power (SHA:600886) subsidiary Red Rock Renewables approved the 364.6 million pound sterling loan to Inch Cape Offshore Holdings, or ICOHL, according to a Friday filing with the Shanghai bourse.The loan will bear an interest of 8% per annum and will mature in 2049.ICOHL is a 50-50 joint venture developing the 1,080-megawatt Inch Cape offshore wind project in Scotland.

SHA:600886
Asia

SDIC Power Unit o Provide 365-Million-Poud Loan for Scotland Wind Project

SDIC Power (SHA:600886) unit Red Rock Renewables plans to provide a shareholder loan of 364.6 million pounds sterling to ICOHL, a 50/50 joint venture developing the 1,080-megawatt Inch Cape offshore wind project in Scotland.The loan, with an 8% annual interest maturing June 2049, will fund construction and operations, according to a Monday filing with the Shanghai bourse.Fellow shareholder ESBII UK Limited will provide equivalent financing proportionally.Shares of the power company rose 1% in recent trade.

SHA:600886
Asia

SDIC Power 2025 Profit Up 11%, Revenue Down 8%

SDIC Power (SHA:600886) posted 2025 attributable net profit of 7.39 billion yuan, up 11% from 6.64 billion yuan the previous year.Earnings per share rose to 0.9166 yuan from 0.8669 yuan, according to a Thursday filing with the Shanghai bourse.The power company's operating revenue declined 8.3% year over year to 53.0 billion yuan from 57.8 billion yuan.

SHA:600886
Asia

SDIC Power Holdings Logs 3% Decline in Q1 Power Generation

SDIC Power's (SHA:600886) power generation declined 2.8% to 37.9 billion kilowatt-hours in the first quarter from 38.9 billion kilowatt-hours in the year-ago period.On-grid power consumption declined 2.8% to 37.0 billion kWh from 38.1 billion kWh the prior year, according to a Wednesday filing with the Shanghai bourse.

SHA:600886
Asia

SDIC Signs Three-Year Financial Services Agreement

SDIC Power Holdings (SHA:600886) signed a three-year financial services agreement with Rongshi International Treasury Management, according to a Saturday filing with the Shanghai bourse.Under the agreement, SDIC's maximum daily deposit balance with Rongshi should not exceed 15 billion yuan, while the maximum daily loan amount should not exceed 20 billion yuan, the filing said.

SHA:600886

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