Hu An: Co has secured multiple contracts worth Rmb102.8m from Shenhua Grp Corp Ltd to supply cable for various projects relating to power and thermal generation, coal, railway and mining. Co states that it will continue to focus on power generation sector, notably wind power which co expects exponential growth in…
Shenhua Group is a state-owned diversified energy group in China and currently the largest coal supplier in the world with 27 coal-fired plants and 17 wind farms. Hu An supplies copper cables and focuses on the power industry in China, currently trades at P/E of 6.1x
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