华能水电定增注册获同意 拟于上交所上市

Core Viewpoint - Huaneng Lancang River Hydropower Co., Ltd. has received approval from the China Securities Regulatory Commission for a specific stock issuance, aiming to raise up to RMB 5.825 billion for investment in hydropower projects, aligning with national energy policies and the company's strategic development direction [1][2][3] Group 1: Company Overview - Huaneng Lancang River Hydropower Co., Ltd. is a major hydropower enterprise controlled by China Huaneng Group, focusing on the development and operation of hydropower resources in the Lancang River basin and surrounding areas [1][2] - The company was established in June 1999 and listed on the Shanghai Stock Exchange in December 2017, serving as the sole platform for Huaneng Group's hydropower business integration [2] - The company operates over 30 subsidiaries, including various hydropower plants and energy sales companies, showcasing its extensive operational capabilities [2] Group 2: Fundraising and Investment - The company plans to issue up to 1.8 billion shares, with the net proceeds after issuance costs to be invested in the RM and TB hydropower station projects [1][2] - The total amount to be raised is capped at RMB 5.825 billion, which will be fully allocated to ongoing hydropower projects [2][3] Group 3: Strategic Alignment and Environmental Impact - The fundraising aligns with national industrial policies and industry development trends, enhancing the company's competitive advantage and market position [3] - The investment in hydropower projects is expected to significantly reduce emissions of coal, carbon dioxide, sulfur dioxide, and nitrogen oxides, contributing to the green transition of the national energy structure and supporting the "dual carbon" strategy [3] - The implementation of these projects will bolster the company's strategic goals, improve its business layout in the southwestern hydropower sector, and strengthen its core competitiveness [3]