Summary by Futu AI
Huaneng Power Co., Ltd. provided a commissioned loan of 75 million RMB to its associate company Huaneng Yingkou Port Co., Ltd. on December 10, 2021. The loan period was from December 10, 2021, to December 10, 2022, with an interest rate of 4.35%. Due to delays in the new external financing procedures by Yingkou Port, the principal of the loan was not repaid on time. The company announced this overdue situation on January 6, 2023.As of November 26, 2024, Yingkou Port has repaid all remaining overdue financial assistance principal and interest to the company. Because Yingkou Port has completed the repayment, the overdue financial assistance amounts owed to the company have been fully recovered. This result demonstrates the company's effectiveness in capital management and provides a solid foundation for future financial arrangements.