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The latest announcement is out from Hengxin Technology Ltd. ( (HK:1085) ).
Hengxin Technology, via its indirect non-wholly owned subsidiary Qinghai Zhongkong, will invest in and construct a 350MW solar thermal power demonstration project in Delingha, Qinghai Province, after securing regulatory approvals for grid connection and land use that convert state-owned agricultural land into construction land for the plant. The project, designed as a tower-based solar thermal power station with a vast heliostat field, molten salt heat storage and a 330kV booster station, is expected to generate about 985.73 GWh of electricity in its first year, deliver stable operating income and potentially higher long-term returns supported by national bond issuance and excess power generation, with construction slated to start in December 2025 and grid connection targeted for December 2027.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
More about Hengxin Technology Ltd.
Hengxin Technology Ltd., incorporated in Singapore and listed in Hong Kong, operates through subsidiaries including Qinghai Zhongkong Solar Power Co., Ltd. and is expanding its presence in the renewable energy sector in mainland China, with a growing focus on large-scale solar thermal power generation projects.
Average Trading Volume: 213,195
Technical Sentiment Signal: Sell
Current Market Cap: HK$586.7M
For an in-depth examination of 1085 stock, go to TipRanks’ Overview page.