Shandong Hi-Speed New Energy Renews Connected Solar Power Sales Deal With BEWG

The latest update is out from Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ).

Shandong Hi-Speed New Energy Group Limited has renewed its electricity sales arrangement with substantial shareholder Beijing Enterprises Water Group (BEWG) through a new 2025 Electricity Sales Agreement, under which the group will continue to supply electricity generated by its distributed photovoltaic power stations installed at certain water plants to the BEWG group from 1 January 2026 to 31 December 2028. The pricing will follow government-prescribed tariffs per kilowatt-hour, subject to an 8% to 30% discount depending on plant location, and the deal is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but exempting the company from seeking independent shareholders’ approval, thereby providing revenue visibility while reinforcing its strategic relationship with a major shareholder.

The most recent analyst rating on (HK:1250) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Shandong Hi-Speed New Energy Group Limited stock, see the HK:1250 Stock Forecast page.

More about Shandong Hi-Speed New Energy Group Limited

Shandong Hi-Speed New Energy Group Limited is a Hong Kong-listed company engaged in the new energy sector, including the development and operation of distributed photovoltaic power stations. The group supplies electricity generated from these solar facilities, with a particular focus on serving industrial users such as water plants operated by related parties within its shareholder network.

Average Trading Volume: 1,687,114

Technical Sentiment Signal: Sell

Current Market Cap: HK$4B

For detailed information about 1250 stock, go to TipRanks’ Stock Analysis page.