the social security fund you care about has a big move of 7 billion yuan!
2024-09-19
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on september 17, the listed company sdic power holdings co., ltd. (hereinafter referred to as "sdic power") issued an announcement on the plan to issue stocks to specific targets, the national council for social security fund (hereinafter referred to as "social security fund"), intending to raise 7 billion yuan.
it is reported that sdic power intends to issue 550 million a-shares to the social security fund at an issue price of 12.72 yuan per share, and the number of shares issued shall not exceed 30% of the total share capital of the listed company before the issuance. this equity change will not affect the company's governance structure and continued operation. after the issuance is completed, the social security fund will hold 6.88% of the shares and become the third largest shareholder of sdic power.
public information shows that guodian power is a holding company of china development investment corporation and is the investment platform for guodian’s power business. it was established in 1996 and is currently listed in shanghai and london.
as one of the leading companies in the domestic power industry, sdic power is mainly engaged in the development, construction and operation of various types of energy and power projects, with businesses covering hydropower, thermal power, photovoltaics, onshore wind power, offshore wind power, energy storage, electricity sales and integrated energy services. at present, the total installed capacity of the company's power projects under construction and planned to be built exceeds 30 million kilowatts, of which new energy exceeds 10 million kilowatts, hydropower and pumped storage exceed 10 million kilowatts, and there are also some high-efficiency thermal power projects. the company's total assets are approximately 270 billion yuan.
according to the 2024 semi-annual report of sdic power, the company achieved operating income of 27.102 billion yuan in the first half of the year, a year-on-year increase of 2.79%; net profit of 3.744 billion yuan, a year-on-year increase of 12.19%. as of the end of the reporting period, the company's clean energy installed capacity accounted for 68.53%, of which hydropower accounted for 50.78%, new energy accounted for 17.75%, and the rest were clean and efficient thermal power projects.
the "feasibility analysis report on the plan to issue a-shares to specific objects of the national social security fund council in 2024" released by guodian power stated that the company's current funding source mainly relies on debt financing, which cannot fully meet the needs of rapid business development. it is necessary to expand market-oriented financing channels to provide necessary financial support for the development and construction of clean energy projects; at the same time, the company's clean energy installation task is arduous, and the funding budget faces a large gap. the company's various funding needs are imminent, so the introduction of the social security fund as a strategic investor this time is of great significance.
sdic power said that after deducting relevant issuance expenses, all the funds will be used for the mengdigou hydropower station project and the kala hydropower station project.
as a long-term institutional investor with a stable style, the social security fund's long-term holdings in heavily-weighted stocks have attracted attention. the national social security fund was established in 2000. from its establishment to this year, its investment return rate has exceeded 7%, and its scale has achieved leapfrog growth.
according to data from the choice financial terminal of eastmoney.com, as of now, social security funds have appeared among the top ten circulating shareholders of more than 600 listed companies in the 2024 semi-annual reports, with a holding value of more than 400 billion yuan.
among the new stocks that the social security fund bought in the second quarter, valin steel had the largest holdings, with a total of 68.9075 million shares, accounting for 0.9974% of the total share capital. shanjin international followed closely behind, with a holding of 48.7910 million shares in the second quarter, accounting for 1.7571% of the total share capital. in addition, china national offshore oil corporation, new steel co., ltd., longbai group, china railway signal & communication corporation, china coal energy, dun'an environment, weixing co., ltd., and sinopharm modern pharmaceutical co., ltd. also ranked at the top in terms of the number of shares held.
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