Core Viewpoint - Longyuan Power has shown a mixed performance in stock price and financial metrics, with a notable increase in stock price year-to-date but a decline in revenue and net profit for the first half of 2025 [1][3]. Stock Performance - As of October 27, Longyuan Power's stock price increased by 2.02%, reaching 17.70 CNY per share, with a total market capitalization of 147.969 billion CNY [1]. - Year-to-date, the stock price has risen by 14.33%, while it has decreased by 0.73% over the last five trading days [1]. Financial Metrics - For the first half of 2025, Longyuan Power reported a revenue of 15.657 billion CNY, a year-on-year decrease of 17.09%, and a net profit attributable to shareholders of 3.375 billion CNY, down 11.82% year-on-year [3]. - Cumulative cash dividends since the A-share listing amount to 5.978 billion CNY, with 4.746 billion CNY distributed over the last three years [4]. Shareholder Information - As of June 30, 2025, Longyuan Power had 41,000 shareholders, an increase of 1.18% from the previous period [3]. - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from several ETFs [4]. Company Overview - Longyuan Power, established on January 27, 1993, and listed on January 24, 2022, is primarily engaged in power system and electrical equipment technology services, new energy development, and project management [2]. - The company's main revenue source is from power products, accounting for 99.22% of total revenue, with the remaining 0.78% from other sources [2].

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a "Buy" recommendation for several companies within these industries [3][4]. Core Insights - The second industry is the main driver of electricity consumption growth, with a notable increase in electricity demand due to seasonal factors and high temperatures in Q3 [4][9]. - Global gas prices are rebounding, and expectations of a cold winter may enhance gas sales growth [18][19]. - The report highlights various investment opportunities across different energy sectors, including hydropower, green energy, nuclear power, thermal power, and gas [16][40]. Summary by Sections 1. Electricity: Q3 Second Industry Drives National Electricity Consumption - In September, total electricity consumption reached 888.6 billion kWh, a year-on-year increase of 4.5% [10]. - The second industry contributed significantly to this growth, with a 5.1% increase in electricity consumption, accounting for 51% of the total growth [4][9]. - The cumulative electricity consumption from January to September was 7767.5 billion kWh, reflecting a 4.6% year-on-year growth [13]. 2. Gas: Global Gas Price Rebound and Cold Winter Expectations - As of October 24, the Henry Hub spot price was $3.21/mmBtu, showing a weekly increase of 13.96% [19][20]. - The report notes a seasonal demand increase and geopolitical factors supporting gas prices, particularly in Europe [25][37]. - The anticipated La Niña phenomenon may lead to colder winter conditions, potentially boosting gas consumption [37]. 3. Weekly Market Review - The report indicates that the power equipment sector outperformed the Shanghai and Shenzhen 300 index, while the public utility, gas, and environmental protection sectors lagged [42]. 4. Company and Industry Dynamics - The report discusses significant developments in the energy sector, including the launch of innovative products in wind energy and updates on national energy policies [50][51]. - It highlights the performance of major companies, such as Huadian International, which reported a decrease in electricity generation due to increased renewable energy capacity [57].

Core Insights - The report maintains a "Buy" rating for the utility and environmental protection industry, highlighting a 4.5% year-on-year increase in electricity consumption in September, with resilience in industrial and commercial electricity demand [1][4]. Market Review - The Shanghai Composite Index rose by 2.88% and the ChiNext Index increased by 8.05% during the week of October 20-24. The coal sector rose by 1.74%, utilities by 1.02%, environmental protection by 1.75%, and carbon neutrality by 2.44% [1][12]. Industry Outlook Thermal Power - The report suggests focusing on thermal power companies with assets in regions where electricity supply is tight and competition is favorable, such as Sheneng Co. and Huadian International [4]. - Coal prices are expected to rise due to supply constraints from abnormal weather and regulatory checks, with a notable increase post-National Day [31]. - Electricity consumption in September showed a year-on-year growth of 4.5%, with industrial sectors growing at 7.3%, 5.7%, and 6.3% respectively [31]. Hydropower - The report recommends focusing on leading hydropower operators like Yangtze Power, as the sector benefits from stable electricity prices and regional supply-demand dynamics [4][32]. - Significant increases in inflow to major hydropower stations were noted, with a 80%+ year-on-year growth in inflow to the Three Gorges and Xiluodu reservoirs [32]. Nuclear Power - The report highlights the potential of China National Nuclear Power, as the market for electricity pricing becomes more favorable [4][32]. - The nuclear power sector is expected to stabilize, with new units coming online and electricity prices remaining steady [32]. Renewable Energy - The report suggests focusing on leading new energy companies like Longyuan Power, as the wind and solar sectors are expected to see stable growth despite recent slowdowns in installation rates [4][33]. Industry Data Tracking Coal Prices - The report tracks coal prices, noting that the European ARA coal price was $91.60/ton, up 1.66%, while Newcastle coal was $103.60/ton, down 0.48% [35]. - Domestic coal prices also saw increases, with the price at Guanzhou Port for Indonesian coal at 769.61 RMB/ton, up 1.27% [35]. Natural Gas Prices - The report notes that the ICE UK natural gas price rose to 81.31 pence/therm, a 1.71% increase, while the Henry Hub price was $3.33/million BTU, up 10.63% [51]. Carbon Market - The national carbon market's carbon emission allowance price was reported at 54.70 RMB/ton, reflecting a 4.77% increase [58]. Investment Recommendations - The report recommends focusing on thermal power companies with strong asset positioning, hydropower operators benefiting from stable pricing, and nuclear power companies with growth potential [4][65].

Core Viewpoint - The article highlights the successful installation of charging facilities for electric vehicles in a residential community in Hangzhou, addressing the long-standing issue of charging accessibility for local EV owners [1] Group 1: Company Actions - Hangzhou Longyuan Electric Company took the initiative to resolve the charging difficulties faced by residents by implementing a project to install charging stations [1] - The company utilized a "Party Building + Engineering" approach, mobilizing a dedicated team to conduct on-site assessments and understand the needs of vehicle owners [1] - The installation of two underground meters was completed in just two working days, demonstrating the company's efficiency and commitment to service [1] Group 2: Community Impact - The installation of charging facilities is seen as a significant improvement for local residents, enhancing their convenience and addressing their concerns about charging accessibility [1] - The company plans to continue expanding the charging infrastructure based on the growing electricity needs of EV owners in the community [1]

截至6月30日，龙源电力股东户数4.10万，较上期增加1.18%；人均流通股0股，较上期增加0.00%。2025 年1月-6月，龙源电力实现营业收入156.57亿元，同比减少17.09%；归母净利润33.75亿元，同比减少 11.82%。 分红方面，龙源电力A股上市后累计派现59.78亿元。近三年，累计派现47.46亿元。 机构持仓方面，截止2025年6月30日，龙源电力十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股387.38万股，相比上期增加17.41万股。交银国企改革灵活配置混合A（519756）位居第六 大流通股东，持股383.00万股，相比上期增加112.00万股。华泰柏瑞沪深300ETF（510300）位居第七大 流通股东，持股269.01万股，相比上期增加3.79万股。易方达沪深300ETF（510310）位居第八大流通股 东，持股193.89万股，相比上期增加19.85万股。华夏沪深300ETF（510330）位居第九大流通股东，持 股141.26万股，相比上期增加23.69万股。嘉实沪深300ETF（159919）位居第十大流通股东，持股 121.81万股，为新进股东。 融资 ...

| 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): | 23/09/2025 - 23/10/2025 | 格隆汇10月23日丨根据联交所最新权益披露资料显示，2025年10月17日，龙源电力(00916.HK)获BlackRock, Inc.在场内以每股均价7.9257港元增持好仓 6968.13万股，涉资约5.52亿港元。 增持后，BlackRock, Inc.最新持好仓数目为220,735,438股，持好仓比例由4.55%上升至6.65%。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 侮股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | | | 股份數目 | 原因 | | | (請參閱上述*註 | 有投票權股 (日 / 月 / 年) = | | | | | | | | 份自分比 | | | | | | | | ( % ) | | CS2 ...

Core Viewpoint - The news provides an overview of the upcoming IPOs, earnings announcements, shareholder meetings, and dividend distributions for various companies listed on the Hong Kong Stock Exchange as of October 23, 2025 [1]. New IPO Activities - Companies currently in the IPO process include: - Baima Tea Industry - Cambridge Technology - Sany Heavy Industry - Dipu Technology - Prada - Lijuz Pharmaceutical [1] Earnings Announcement Dates - Companies scheduled to announce earnings include: - Faraday - Ping An Good Doctor - Longyuan Power - Orient Overseas International - Qingdao Port - China Innovation Investment - Chongqing Machinery and Electric [1] Shareholder Meeting Dates - Companies holding shareholder meetings include: - Datang Power - Andeli Juice - Hongye Futures - Tibet Water Resources - China Anshun Energy [1] Dividend Distribution - Companies with upcoming dividend distributions include: - Hang Seng Bank (ex-dividend date) - Huaxun (dividend payment date) - Wansichang International (dividend payment date) - Zhifeng Industrial Electronics (dividend payment date) - Haitian Flavoring and Food (dividend payment date) - China Shipbuilding Defense (dividend payment date) - Dongfang Xingye Holdings (dividend payment date) - China Resources Mixc Life (dividend payment date) [1][3][4]

Core Viewpoint - BlackRock increased its stake in Longyuan Power (00916) by approximately 69.68 million shares at a price of about HKD 7.93 per share, totaling around HKD 552 million, raising its ownership to approximately 221 million shares, which represents a 6.65% stake [1] Summary by Category - **Transaction Details** - On October 17, BlackRock acquired 69.681272 million shares of Longyuan Power at a price of HKD 7.9257 per share [1] - The total investment amounted to approximately HKD 552 million [1] - **Ownership Changes** - Following the acquisition, BlackRock's total shareholding in Longyuan Power reached approximately 221 million shares [1] - The new ownership percentage stands at 6.65% [1]

Core Insights - BlackRock increased its stake in Longyuan Power (001289)(00916) by acquiring 69,681,272 shares at a price of HKD 7.9257 per share, totaling approximately HKD 552 million [1] - Following this acquisition, BlackRock's total shareholding in Longyuan Power is approximately 221 million shares, representing a holding percentage of 6.65% [1]

Core Viewpoint - Longyuan Power (001289.SZ) reported that its Ukraine Yuzhny Wind Power Project is operating well, achieving a cumulative safe production of 1,418 days as of the end of June 2025 [1] Group 1 - The company has confirmed the positive operational status of its overseas projects, specifically the Yuzhny Wind Power Project in Ukraine [1] - The cumulative safe production days indicate a strong operational track record, which may enhance investor confidence [1] - Further details regarding overseas project operations and construction can be found in the company's periodic reports disclosed on the Shenzhen Stock Exchange [1]