Chang Jiang Shang Bao·2025-09-26 02:50Core Viewpoint - The insurance company Great Wall Life has increased its stake in Xintian Green Energy, acquiring an additional 1 million H-shares, bringing its total holdings to 210 million H-shares, which represents 5.0027% of the company's total issued shares [1][2]. Group 1: Shareholding and Investment Activity - Great Wall Life has been actively increasing its holdings in Xintian Green Energy over the past six months, with total investments amounting to approximately 347 million yuan [3]. - The recent purchase of 1 million H-shares was made at a closing price of 4.21 HKD per share, reflecting a 14.4% increase in the share price for 2025 [1][3]. - The funding for this acquisition comes from Great Wall Life's own funds and various insurance reserve accounts [2]. Group 2: Company Performance and Market Position - Xintian Green Energy is a leading clean energy company in North China, with wind power projects across more than ten provinces, showcasing a strong market position [1][6]. - In the first half of 2025, Xintian Green Energy reported a revenue of 10.904 billion yuan, a decrease of 10.16% year-on-year, and a net profit of 1.412 billion yuan, down 1.23% year-on-year, primarily due to reduced natural gas sales [6]. - The company's wind power generation increased to 8.065 billion kWh in the first half of 2025, an 8.34% year-on-year rise, with an average utilization of 1,235 hours, which is higher than the national average [7]. Group 3: Future Plans and Capital Raising - Xintian Green Energy plans to issue 307 million H-shares to raise a total of 1.513 billion HKD, primarily for the development of its main business and to accelerate the construction of renewable energy projects [8].