Sou Hu Cai Jing·2025-12-12 14:36Core Viewpoint - China Energy Construction Corporation (China Energy) has secured financing support for its 1GW photovoltaic project in Uzbekistan, which is expected to enhance its international investment portfolio and operational capacity [1] Group 1: Stock Performance - As of December 12, 2025, China Energy's stock closed at 2.35 yuan, up 0.43% from the previous trading day, with a total market capitalization of 97.974 billion yuan [1] - The stock opened at 2.35 yuan, reached a high of 2.36 yuan, and a low of 2.34 yuan, with a trading volume of 3.89 billion yuan and a turnover rate of 0.51% [1] Group 2: Project Financing - The company announced that its photovoltaic project in Uzbekistan consists of two parts: a 500MW project in Bukhara and a 500MW project in Kashkadarya, with investment amounts of approximately 2.334 billion yuan and 2.377 billion yuan respectively [1] - To facilitate project construction, the company established a wholly-owned subsidiary in the Netherlands and its associated project companies [1] - The project companies have signed financing agreements with a syndicate of banks, securing loans of 1.654 billion yuan and 1.684 billion yuan, both with a loan term of 15 years [1] Group 3: Risk Management - The financing arrangement involves pledging project company assets, rights, equity, and upper-level company equity as collateral, along with insurance coverage from China CITIC Bank for export buyer credit [1] - The board of directors has advised investors to pay attention to potential risks arising from changes in the international political and economic environment [1]