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China Power International Development ( (HK:2380) ) has provided an update.
China Power International Development’s indirect subsidiary Weifang New Energy has signed three engineering, procurement and construction contracts with connected parties State Nuclear Institute and Shandong Institute to build Phase I of the Lubei wind–photovoltaic–storage–transmission integrated project in Weifang, Shandong. The agreements, which total about RMB767.9 million, cover construction of 180MW of solar capacity, 62.5MW of wind capacity, a step-up substation and transmission lines, and are treated as connected transactions under Hong Kong listing rules, requiring disclosure and reporting but not independent shareholder approval, highlighting increased capex into large-scale integrated renewables while maintaining regulatory compliance.
The most recent analyst rating on (HK:2380) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.
More about China Power International Development
China Power International Development is a Hong Kong-incorporated power producer focused on developing and operating electricity generation projects in mainland China. The company is expanding its portfolio in renewable energy, including wind and photovoltaic facilities, as part of China’s broader transition toward low-carbon power and integrated clean energy bases.
Average Trading Volume: 18,039,173
Technical Sentiment Signal: Hold
Current Market Cap: HK$38.35B
See more insights into 2380 stock on TipRanks’ Stock Analysis page.