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An update from China Longyuan Power Group ( (HK:0916) ) is now available.
China Longyuan Power has set a daily maximum balance of RMB1.5 billion for each of 2026, 2027 and 2028 under its renewed factoring services arrangement with Guoneng Factoring, covering interest, service fees and related financing costs. The company says the cap is designed to capitalize on Guoneng Factoring’s relatively low financing costs—currently around 2.18%, below the average for group members—and to support the expected expansion of its new energy business while optimizing capital allocation. Management notes that stronger receivables collection and reduced investment spending in recent years have limited past usage of these facilities, but raising the annual cap should broaden financing options, lower overall financial costs and, in particular, better serve the funding needs of non-wholly owned subsidiaries that depend more heavily on market-based financing for project construction and daily operations.
The most recent analyst rating on (HK:0916) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a leading Chinese power producer focused on new energy, particularly wind and other renewable power generation. The group develops, operates and invests in clean energy projects across China, and increasingly relies on diversified, lower-cost financing channels to support the expansion of its new energy portfolio.
Average Trading Volume: 19,230,813
Technical Sentiment Signal: Sell
Current Market Cap: HK$111.2B
Find detailed analytics on 0916 stock on TipRanks’ Stock Analysis page.