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Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) has issued an announcement.
Shandong Hi-Speed New Energy Group Limited’s indirect non-wholly owned subsidiary, Wuxiang Beiqing Smart Energy, has entered into an engineering, procurement and construction (EPC) contract with CR 17th Bureau 2nd Engineering for a 100MW photovoltaic power generation project in Wuxiang County, Changzhi City, Shanxi Province. Under the agreement, the contractor will handle plant and substation design, equipment and materials procurement, logistics and construction for a total consideration of approximately RMB405.5 million, with work scheduled to start in May 2026 and complete by September 2027. Classified as a discloseable transaction under Hong Kong listing rules, the deal signals further expansion of the group’s solar power portfolio and underscores its ongoing commitment to scaling renewable energy capacity on the mainland.
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 energy company focused on the development, investment and operation of new energy projects, including large-scale photovoltaic power generation. Through its subsidiaries, the group builds and manages renewable power assets across mainland China, with an emphasis on utility-scale solar projects that support regional energy transition goals.
Average Trading Volume: 1,673,342
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.31B
See more data about 1250 stock on TipRanks’ Stock Analysis page.