China Longyuan Power Group Corporation Limited
0916Company Overview
The company was founded in 1993. At the time, it belonged to the Ministry of Energy. It later went through the Ministry of Electric Power, the State Electric Power Company, and China Power Group Corporation, and now belongs to the National Energy Group. In 2009, it was successfully listed on the Hong Kong Main Board and was known as “China's First New Energy Stock”. Longyuan Electric Power is mainly engaged in the design, development, construction, management and operation of wind farms. At the same time, it also operates other power generation projects such as thermal power, solar energy, tidal, biomass, geothermal, etc.; provides consulting, maintenance, training and other professional services to wind farms. The company's shares were listed on the main board of the Shenzhen Stock Exchange on January 24, 2022.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | China Longyuan Power Group Corporation Limited |
| Ticker | 0916 |
| Main Business | Utilities—Renewable |
| Type | Common Stock |
| Industry | Utilities—Renewable |
| Country | HK |
| Market Cap | $6.35 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Wind power generation | $15,210.0 | $0.0 | - |
| Thermal power | $4,100.0 | $0.0 | - |
| Photovoltaic power generation | $460.8 | $0.0 | - |
| All other | $67.8 | $0.0 | - |
| Interest income | $-182.8 | $-182.8 | - |
| Total | $19,655.8 | $-182.8 | -0.94% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $6,932,773,109.2 | 109.26% |
| long term bank loan | $10,193,277,310.9 | 160.65% |
| Total Interest-Bearing Debt | $17,126,050,420.2 | 269.91% |
| Market Capitalization | $6,345,025,641.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |