Core Viewpoint - Longyuan Power's stock price has shown a year-to-date increase of 14.91%, but it has recently experienced a decline of 1.44% over the past five trading days, indicating potential volatility in its stock performance [2]. Company Overview - Longyuan Power Group Co., Ltd. was established on January 27, 1993, and listed on January 24, 2022. The company is primarily engaged in the technical transformation, service, and maintenance of power systems and electrical equipment, as well as the development and management of renewable energy projects [2]. - The company's main business revenue composition is 99.22% from power products and 0.78% from other sources [2]. Financial Performance - For the first half of 2025, Longyuan Power reported an operating income of 15.657 billion yuan, a year-on-year decrease of 17.09%, and a net profit attributable to shareholders of 3.375 billion yuan, down 11.82% year-on-year [3]. - Since its A-share listing, Longyuan Power has distributed a total of 5.978 billion yuan in dividends, with 4.746 billion yuan distributed over the past three years [4]. Shareholder Structure - As of June 30, 2025, Longyuan Power had 41,000 shareholders, an increase of 1.18% from the previous period. The average circulating shares per person remained at 0 [3]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 3.8738 million shares, an increase of 174,100 shares from the previous period [4].

Core Viewpoint - Longyuan Power's stock experienced a slight decline of 0.06% on October 16, with a trading volume of 103 million yuan, indicating a low level of financing and margin trading activity [1] Financing Summary - On October 16, Longyuan Power had a financing buy amount of 6.47 million yuan and a financing repayment of 5.80 million yuan, resulting in a net financing buy of 667,300 yuan [1] - As of October 16, the total financing and margin trading balance for Longyuan Power was 55.06 million yuan, with the financing balance at 54.78 million yuan, accounting for 0.06% of the circulating market value, which is below the 10% percentile level over the past year [1] Margin Trading Summary - On October 16, Longyuan Power repaid 300 shares in margin trading and sold 100 shares, with the selling amount calculated at 1,816 yuan based on the closing price [1] - The remaining margin trading volume was 15,000 shares, with a margin balance of 272,400 yuan, which is also below the 20% percentile level over the past year [1] Company Overview - Longyuan Power Group Co., Ltd. was established on January 27, 1993, and listed on January 24, 2022, with its main business involving technical transformation, services, and production maintenance related to power systems and electrical equipment [2] - The company's revenue composition shows that 99.22% comes from power products, while other income accounts for 0.78% [2] - As of June 30, the number of shareholders was 41,000, an increase of 1.18% from the previous period [2] Financial Performance - For the first half of 2025, Longyuan Power reported a revenue of 15.657 billion yuan, a year-on-year decrease of 17.09%, and a net profit attributable to shareholders of 3.375 billion yuan, down 11.82% year-on-year [2] Dividend Information - Longyuan Power has distributed a total of 5.978 billion yuan in dividends since its A-share listing, with 4.746 billion yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 174,100 shares to 3.8738 million shares [3] - Other notable shareholders include various ETFs, with increases in holdings across multiple funds, indicating growing institutional interest [3]

| 股份代號: | 00916 | | --- | --- | | 上市法國名稱: | 龍源電力集團股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 17/09/2025 - 17/10/2025 | | 表格序號 | 大股東/董事/最高行政人員名稱作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 股份數目 | | | 【語参聞上述*記 | 有投票權股 (日 / 月 / 年) | | | | | | | | | 份百分比 | | | | | | | | | ( %) | | CS20251016E00373 | GIC Private Limited | 1201(L) | | 7.928,000(L | HKD 8.3166 | 228,062,000(L) | 6.87(L)13/10/2025 | 格隆汇10月17日丨根据联交所最新权益披露资料显示，2025年10月13日，龙源电力(0091 ...

Group 1 - GIC Private Limited reduced its stake in Longyuan Power (001289)(00916) by selling 7.928 million shares at a price of HKD 8.3166 per share, totaling approximately HKD 65.934 million [1] - After the reduction, GIC's latest shareholding stands at approximately 228 million shares, representing a holding percentage of 6.87% [1]

Core Viewpoint - GIC Private Limited has reduced its stake in Longyuan Power (00916) by selling 7.928 million shares at a price of HKD 8.3166 per share, totaling approximately HKD 65.934 million, resulting in a new holding of about 228 million shares, representing 6.87% of the company [1] Summary by Category - **Share Reduction**: GIC Private Limited sold 7.928 million shares of Longyuan Power [1] - **Transaction Details**: The shares were sold at a price of HKD 8.3166 each, amounting to a total of approximately HKD 65.934 million [1] - **Current Holdings**: After the sale, GIC's remaining shares in Longyuan Power are approximately 228 million, with a holding percentage of 6.87% [1]

Core Points - The successful installation of the generator rotor marks a significant milestone for the first linear Fresnel solar thermal power station of Longyuan Power in Gansu Dunhuang, with a capacity of 100 megawatts [1][4] - The project utilizes molten salt linear Fresnel technology and features a solar collection area of 1.1268 million square meters [4] - The rotor weighs 31.7 tons and is 10 meters long, requiring high precision during installation [4] Project Details - The project is located in Qili Town, Dunhuang City, Gansu Province, covering an area of over 4,000 acres [4] - The engineering team developed a detailed lifting plan to address the technical challenges and risks associated with the rotor installation [4] - The installation process took 3.5 hours, with all indicators meeting design standards, ensuring a successful rotor installation [4] Future Steps - Following the successful rotor installation, Longyuan Power Gansu Company will continue to advance the project, focusing on key milestones such as medium injection and power transmission [4]

Investment Rating - The report maintains a positive outlook on the public utility sector, particularly highlighting the recovery in hydropower and the continued cost reduction in thermal power [4][6]. Core Insights - The thermal power sector is experiencing improved profitability due to a decrease in coal prices, with the average spot price of 5500 kcal thermal coal in Qinhuangdao at 672 RMB/ton, down 176 RMB/ton year-on-year [4]. - Hydropower generation is expected to recover in Q4 2025, following a significant improvement in autumn rainfall, which is projected to enhance the generation capacity of major hydropower companies [4]. - Nuclear power generation has shown a year-on-year growth of 11.33% in the first three quarters of 2025, with new units expected to come online, further boosting output [4]. - The natural gas sector is witnessing a gradual recovery in consumption, with a total apparent consumption of 2845.6 billion m³ from January to August 2025, reflecting a slight year-on-year decrease of 0.1% [4]. Summary by Sections Thermal Power - In Q3 2025, the average utilization hours for thermal power equipment were 2783 hours, a decrease of 144 hours year-on-year, but profitability is expected to remain positive [4]. - The report anticipates that thermal power companies in northern China will continue to achieve above-average performance due to stable electricity prices [4]. Hydropower - The report notes a decline in hydropower generation in July and August 2025, with a year-on-year decrease of 9.8% and 10.1% respectively, but forecasts a recovery in Q4 due to improved rainfall [4]. - The Yangtze River power generation saw a slight decline of 0.29% year-on-year from January to September 2025, but significant improvements are expected in October [4]. Nuclear Power - The report highlights that new nuclear units are expected to contribute to steady growth in electricity generation, with a strong approval rate for new projects [4]. - The long-term outlook for nuclear power remains positive, with a strong certainty of growth in installed capacity [4]. Natural Gas - The report indicates that the natural gas consumption has been recovering since May 2025, with a notable increase in demand expected due to stable supply and geopolitical factors [4]. - The report projects that the reduction in LNG prices and the adjustment of residential gas prices will benefit city gas companies' profitability [4]. Company Performance Forecast - The report provides a performance forecast for key companies in the public utility sector for the first nine months of 2025, with notable growth expected for companies like Datang Power and Huaneng International [5]. - The report recommends several companies for investment, including Guotou Power, Chuanwei Energy, and Longjiang Power, based on their expected performance recovery [4][6].

Core Viewpoint - The article emphasizes the importance of lithium battery technology and its growing significance in the energy sector, particularly in the context of upcoming industry events and conferences [4][7]. Group 1 - The conference organized by Xinluo Information will take place on November 12-13, 2025, in Shanghai, China, focusing on lithium battery advancements [7]. - The event aims to gather industry experts and stakeholders to discuss the latest trends and innovations in lithium battery technology [7]. - Participants are encouraged to register early, with a contact number provided for inquiries [7].

Group 1 - The article emphasizes the importance of energy storage in the context of China's energy transition and the growing demand for renewable energy sources [2] - It highlights the role of companies like Xinluo in providing research and consulting services to the carbon, lithium battery, and electric furnace steel industries [4] - The article mentions that Xinluo has been operational since 2010 and focuses on industry research, database provision, and strategic consulting [4] Group 2 - The content indicates that the energy storage market is expected to grow significantly, driven by advancements in technology and increasing investments in renewable energy [2] - It discusses the potential for investment opportunities within the energy storage sector, particularly in relation to lithium battery technology [4] - The article suggests that companies involved in energy storage solutions will play a crucial role in achieving China's carbon neutrality goals [2]

南方财经10月14日电，港股光伏、风电板块震荡走强，金风科技涨超10%，福莱特玻璃涨超7%，新特 能源涨超5%，中广核新能源、龙源电力跟涨。 ...