According to the Wisdom Financial APP, China Longyuan (00916) rose nearly 4% in the morning and as of press time, it has risen 3.68% to HK$7.04, with a turnover of HK$141 million.

On the news front, China Longyuan announced that the company intends to sell the equity of Jiangyin Sulong, in which Yunya Co., Ltd. holds a total of 27% stake, on the BSE through public listing at a price not lower than approximately RMB 1.31915 billion. The company and Yunya Co., Ltd. will sign a property transaction contract with the successful bidder according to the relevant regulations of the BSE. After the potential sale is completed, the company and its subsidiary will no longer hold any equity of Jiangyin Sulong, and the financial performance of Jiangyin Sulong will no longer be consolidated in the financial statements of the company, nor for its subsidiaries. It is reported that after the completion of this transaction, Jiangyin Sulong will no longer be included in the scope of the consolidated financial statements of China Longyuan. The installed capacity of China Longyuan's controlling power generation will be reduced by 1240.764 MW, including a reduction of 1215 MW in thermal power generation capacity and 25.764 MW in photovoltaic power generation capacity. According to the estimated data of China Longyuan and Jiangyin Sulong in 2023 (without considering the offsetting impact of the merger), the total assets of the company will decrease by RMB 6.215 billion, and the net assets will decrease by RMB 3.376 billion. Based on the transfer price of RMB 1.319 billion, the net income will increase by RMB 297 million. The main source of the increase in net income is the investment income from transferring the equity of Jiangyin Sulong.

After the transaction is completed, Jiangyin Sulong will no longer be included in China Longyuan's consolidated financial statements. China Longyuan's controlling installed capacity will be reduced by 1,240.764 MW, of which thermal power installed capacity will be reduced by 1,215 MW and photovoltaic installed capacity will be reduced by 25.764 MW. According to the 2023 data of China Longyuan and Jiangyin Sulong (without considering the offset effect of the merger), the company's total assets will be reduced by CNY 6.215 billion, and net assets will be reduced by CNY 3.376 billion. Calculated according to the transfer price of CNY 1.319 billion, the net income will increase by CNY 297 million, and the main source of net income increase is the investment income from the transfer of Jiangyin Sulong's equity.