GD Power discloses 2024 related party transactions with finance firm

State-owned GD Power Development (SSE:600795) has released a special statement detailing its 2024 related-party transactions involving its parent group's finance company, National Energy Group. The company's deposits with the finance firm totaled CNY 14.75 billion at year-end, with interest income of CNY 84.19 million earned during the year. GD Power also borrowed CNY 60.59 billion from the related party, incurring interest expenses of CNY 1.42 billion. Discounted bills cost CNY 2.39 billion, while bills acceptance fees totaled CNY 10.77 billion. GD Power's board and audit committee have affirmed that these transactions were conducted fairly and did not harm the interests of the company or its shareholders.