About Hunan Development Group
Hunan Development Group is a provincial state-owned enterprise that performs the responsibilities of investors and manages it in accordance with the law. It is based in Changsha, Hunan.
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Latest Hunan Development Group News
Jul 11, 2022
(Yicai Global) July 11 -- Shares in many Chinese power generation companies, including Jointo Energy Investment and Guangdong Shaoneng Group, soared by the exchange-imposed limit today as electricity loads in many areas of the country hit record highs amid scorching weather. Jointo Energy’s share price [SHE:000600] soared 10 percent to end the day at CNY6.41 (USD1), Shaoneng Group [SHE:000601] closed at CNY6.06, Hunan Development Group [SHE: 000722] finished the day at CNY17.02 and Jiangxi Ganneng [SHE:000899], which had surged by the limit to hit CNY15.35 earlier in the day, closed up 3.3 percent at CNY14.41. The share price of power suppliers is relatively low, showing advantages in valuation, analyst Dong Bin said. Corporate power demand should increase in the second half as the Covid-19 outbreaks come under control, the China Electricity Council said. Excellent rainfall is also buoying the stock of hydropower generators. Shares in China Yangtze Power [SHA:600900], operator of the Three Gorges Dam, set a new high today at CNY24.99 (USD3.72). The world’s largest hydroelectric facility had recorded 27.4 percent more water inflows as of June 30 than a year ago. Last week, China’s National Energy Administration called for accelerated construction of renewable energy projects such as hydropower, wind power and photovoltaic power. The scale of wind power bidding reached a record high of 53.5 GW in the first half, and the total bidding scale is expected to exceed 80 GW this year, Guolian Securities said. Installed capacity of wind farms should improve in the second half. The price of polysilicon, a key raw material needed to make solar panels, should start to drop soon as more capacity comes online, which should help boost the performance of the solar industry. Editor: Kim Taylor
Hunan Development Group Frequently Asked Questions (FAQ)
Where is Hunan Development Group's headquarters?
Hunan Development Group's headquarters is located at 46th Floor, Tower A, Huijing Development Global Center, Changsha.
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