Jointo Energy Investment Co Ltd Hebei

Hebei Jiantou Energy Investment Company completed the issuance of its second tranche of ultra-short-term notes for 2026 on July 28, 2026. The notes, abbreviated as "26 Ji Neng Tou SCP002," have a total issuance size of 500 million yuan, an annual coupon rate of 1.54%, a tenor of 270 days, an interest accrual date of July 29, 2026, and a maturity date of April 25, 2027, with principal and interest paid in a lump sum at maturity. The lead underwriter is China Construction Bank, and the co-underwriter is Bank of China. The company obtained a registration quota of 1.5 billion yuan for ultra-short-term notes from the National Association of Financial Market Institutional Investors in December 2024, valid for two years, and this issuance falls within that quota.

The A-share power sector triggered a wave of daily limit up moves. On July 20, the power sector rose 4.8 percent overall, with about 17 stocks including Huaneng Mengdian, Huayin Electric Power, Jinkai New Energy, and Jiantou Energy hitting their daily limit up. The rally is linked to surging electricity loads during the summer peak season and an explosion in computing power demand. After the national electricity load reached 1.518 billion kilowatts on July 10, it climbed to 1.551 billion kilowatts on July 14, with 16 provincial-level grids refreshing their peak a cumulative 59 times. In the first half of the year, total electricity consumption reached 5.1 trillion kilowatt-hours, up 5.3 percent year-on-year, with charging and battery swap services surging 56.9 percent and internet data services up 44 percent. The China Electricity Council expects that during the 15th Five-Year Plan period, annual incremental electricity consumption from computing power will exceed 100 billion kilowatt-hours, and by 2030 total computing power electricity consumption could reach 800 billion kilowatt-hours, accounting for about 6 percent of total societal electricity use.